Venture with Grace Tony Conrad, True Ventures Partner on AI, Community & Investing
Nov 1, 2025
Tony Conrad, Partner at True Ventures and co-founder of about.me, shares insights on the current landscape of AI and venture capital. He reveals the overhyped aspects of AI and what's often overlooked in the industry. Tony emphasizes the importance of community and network effects in building successful businesses. He discusses the critical role of emotional intelligence in supporting founders and the significance of genuine relationships in VC. With a renewed focus on mentoring and emerging trends, Tony's passion for innovation and collaboration shines through.
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Be The First Check And Take Non-Consensus Bets
- Keep writing the first check: focus on seed/inception where you can take non-consensus risks.
- Owning large equity stakes early makes funds return even if only a few companies succeed.
Emotional Intelligence Is A Competitive Edge
- Emotional intelligence is the hidden leverage in VC-founder relationships.
- Firms that manage founder drama and life issues create longer-term value and trust.
Rotate Associates Through Operating Roles
- Use a 2–3 year associate program as a Swiss-army training ground across deals and ops.
- Encourage associates to gain operating experience before returning stronger to VC.
