
Seth Berman
Cofounder of Susa Ventures and Kivu Ventures and an early seed investor behind companies like Robinhood and Flexport, known for investing across seed through Series B and for a focus on vertical AI and physical intelligence.
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Mar 21, 2026 • 2h 15min
E20: Seth Berman, Cofounder of Susa and Kivu Ventures on History and State of Early Stage Venture Capital
Seth Berman, cofounder of Susa and Kivu Ventures and early seed investor behind Robinhood and Flexport. He recounts the early days of angel investing and the explosion of seed funds. He explains why he shifted to Series A/B, explores vertical AI and physical intelligence, and discusses where talent and opportunities in robotics, agriculture, and niche AI will come from.


