
Cheryl Cheng
Managing partner at M12 (Microsoft's venture fund) who invests in enterprise and regulated-industry AI, advising on compliance and FedRAMP-related adoption challenges.
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Mar 30, 2026 • 44min
Crypto’s Nasty Downturn Worsens, SpaceX IPO Hype Halo Effect, Selling AI in Regulated Industries
Yueqi Yang, crypto reporter covering market dynamics and regulatory risks, discusses crypto’s prolonged downturn and shifting startup strategies. Theo Waite, SpaceX reporter focused on the space industry, explores how SpaceX IPO hype reshapes stocks and rivals. Cheryl Cheng, M12 partner investing in regulated-industry AI, breaks down FedRAMP, data readiness, and controls needed to sell AI into finance and healthcare.


