
#205 The 2nd Wave of Generative AI with Sailesh Ramakrishnan & Madhu Iyer, Managing Partners at Rocketship.vc
05/09/24 • 51 min
1 Listener
Speedily adopting new technologies can give your business a competitive advantage, but with so much happening in the world of generative AI, it's difficult to know what to adopt. In this episode, Richie chats to two venture capitalists to get their view on the global AI landscape, where we are in the AI hype cycle, and how to adopt AI tech. Beyond this, we explore Rocketship.vc's use of data and algorithms to make investment decisions in early-stage startups. If our previous episode’s deep dive into 2024’s data & AI trends with VC Tom Tunguz got you excited about how investors are looking at the market at the moment, then this episode is sure to do the same. This time, we have twice the insight, thanks to our two guests.
Madhu Shalini Iyer is a Managing Partner at Rocketship.vc, a Silicon Valley based fund investing globally. She was the Chief Data Officer of Gojek and helped grow the business into a $10 billion unicorn. In addition to being a board member, she started the Singapore office and played an active role in the strategy, new business development, and ‘data as a competitive advantage’. Prior to Gojek, Madhu was part of the founding team of Intuit’s Quickbooks Lending Platform. As the data science leader at Intuit, Madhu helped grow the platform to $300 million and holds 2 patents in the areas of user data augmented algorithms for financial inclusion. Madhu was also the Chief Data Officer for Ethoslending. There she built the underwriting platform and was responsible for all b2c revenue, resulting in $65 million gross market value per month. Madhu was further responsible for building and running the marketing team. Prior, Madhu was a partner at a $150m private equity fund, Stem Financial, in Hong Kong. She started her career as a senior data scientist with a leading think tank in Menlo Park, CA.
Sailesh Ramakrishnan is also a Managing Partner at Rocketship.vc. Prior to Rocketship.vc, Sailesh was CTO and co-founder of LocBox (acquired by Square), a startup focussed on marketing for local businesses. Sailesh worked with Anand and Venky at their previous startup Kosmix, and continued on to Walmart as a Director of Engineering at @WalmartLabs. Before jumping into the startup world, Sailesh worked as a Computer Scientist at NASA Ames Research Center. Sailesh earned his Bachelors degree in Civil Engineering from IIT Madras, his Masters degree in Construction Management from Virginia Tech and another Master degree in Intelligent Systems from University of Pittsburgh. He was a Ph.D. candidate in Artificial Intelligence at the University of Michigan.
In the episode, Richie, Madhu and Sailesh explore the generative AI revolution, categorizing generative AI tools, the impact of genAI across industries, investment philosophy and data-driven decision-making, the challenges and opportunities when investing in AI, future trends and predictions, regulatory and ethical considerations of AI, and much more.
Links Mentioned in the Show:
- Rocketship.vc
- [Course] Implementing AI Solutions in Business
- Related Episode: Inside Algorithmic Trading with Anthony Markham, Vice President, Quantitative Developer at Deutsche Bank
- Sign up to RADAR: AI Edition
New to DataCamp?
- Learn on the go using the DataCamp mobile app
Empower your business with world-class data and AI skills with DataCamp for business
Speedily adopting new technologies can give your business a competitive advantage, but with so much happening in the world of generative AI, it's difficult to know what to adopt. In this episode, Richie chats to two venture capitalists to get their view on the global AI landscape, where we are in the AI hype cycle, and how to adopt AI tech. Beyond this, we explore Rocketship.vc's use of data and algorithms to make investment decisions in early-stage startups. If our previous episode’s deep dive into 2024’s data & AI trends with VC Tom Tunguz got you excited about how investors are looking at the market at the moment, then this episode is sure to do the same. This time, we have twice the insight, thanks to our two guests.
Madhu Shalini Iyer is a Managing Partner at Rocketship.vc, a Silicon Valley based fund investing globally. She was the Chief Data Officer of Gojek and helped grow the business into a $10 billion unicorn. In addition to being a board member, she started the Singapore office and played an active role in the strategy, new business development, and ‘data as a competitive advantage’. Prior to Gojek, Madhu was part of the founding team of Intuit’s Quickbooks Lending Platform. As the data science leader at Intuit, Madhu helped grow the platform to $300 million and holds 2 patents in the areas of user data augmented algorithms for financial inclusion. Madhu was also the Chief Data Officer for Ethoslending. There she built the underwriting platform and was responsible for all b2c revenue, resulting in $65 million gross market value per month. Madhu was further responsible for building and running the marketing team. Prior, Madhu was a partner at a $150m private equity fund, Stem Financial, in Hong Kong. She started her career as a senior data scientist with a leading think tank in Menlo Park, CA.
Sailesh Ramakrishnan is also a Managing Partner at Rocketship.vc. Prior to Rocketship.vc, Sailesh was CTO and co-founder of LocBox (acquired by Square), a startup focussed on marketing for local businesses. Sailesh worked with Anand and Venky at their previous startup Kosmix, and continued on to Walmart as a Director of Engineering at @WalmartLabs. Before jumping into the startup world, Sailesh worked as a Computer Scientist at NASA Ames Research Center. Sailesh earned his Bachelors degree in Civil Engineering from IIT Madras, his Masters degree in Construction Management from Virginia Tech and another Master degree in Intelligent Systems from University of Pittsburgh. He was a Ph.D. candidate in Artificial Intelligence at the University of Michigan.
In the episode, Richie, Madhu and Sailesh explore the generative AI revolution, categorizing generative AI tools, the impact of genAI across industries, investment philosophy and data-driven decision-making, the challenges and opportunities when investing in AI, future trends and predictions, regulatory and ethical considerations of AI, and much more.
Links Mentioned in the Show:
- Rocketship.vc
- [Course] Implementing AI Solutions in Business
- Related Episode: Inside Algorithmic Trading with Anthony Markham, Vice President, Quantitative Developer at Deutsche Bank
- Sign up to RADAR: AI Edition
New to DataCamp?
- Learn on the go using the DataCamp mobile app
Empower your business with world-class data and AI skills with DataCamp for business
Previous Episode

#204 Data & AI Trends in 2024, with Tom Tunguz, General Partner at Theory Ventures
Rapid change seems to be the new norm within the data and AI space, and due to the ecosystem constantly changing, it can be tricky to keep up. Fortunately, any self-respecting venture capitalist looking into data and AI will stay on top of what’s changing and where the next big breakthroughs are likely to come from. We all want to know which important trends are emerging and how we can take advantage of them, so why not learn from a leading VC.
Tomasz Tunguz is a General Partner at Theory Ventures, a $235m early-stage venture capital firm. He blogs sat tomtunguz.com & co-authored Winning with Data. He has worked or works with Looker, Kustomer, Monte Carlo, Dremio, Omni, Hex, Spot, Arbitrum, Sui & many others.
He was previously the product manager for Google's social media monetization team, including the Google-MySpace partnership, and managed the launches of AdSense into six new markets in Europe and Asia. Before Google, Tunguz developed systems for the Department of Homeland Security at Appian Corporation.
In the episode, Richie and Tom explore trends in generative AI, the impact of AI on professional fields, cloud+local hybrid workflows, data security, and changes in data warehousing through the use of integrated AI tools, the future of business intelligence and data analytics, the challenges and opportunities surrounding AI in the corporate sector. You'll also get to discover Tom's picks for the hottest new data startups.
Links Mentioned in the Show:
- Tom’s Blog
- Theory Ventures
- Article: What Air Canada Lost In ‘Remarkable’ Lying AI Chatbot Case
- [Course] Implementing AI Solutions in Business
- Related Episode: Making Better Decisions using Data & AI with Cassie Kozyrkov, Google's First Chief Decision Scientist
- Sign up to RADAR: AI Edition
New to DataCamp?
- Learn on the go using the DataCamp mobile app
- Empower your business with world-class data and AI skills with DataCamp for business
Next Episode

#206 The Venture Mindset with Ilya Strebulaev, Economist & Professor at Stanford Graduate School of Business
In almost every industry, the rate of innovation is increasing, and this is great for consumers around the globe. However, with constant innovation and continual disruption of the status quo, where to innovate next becomes much harder to identify. If your industry hasn’t been disrupted yet, it’s next on the list. So, in order to deal with uncertainty, a new culture is needed, and there’s a clear group of companies that constantly deal with uncertainty and innovation—VC’s.
Ilya A. Strebulaev is the David S. Lobel Professor of Private Equity and Professor of Finance at the Stanford Graduate School of Business, and a Research Associate at the National Bureau of Economic Research. He is an expert in corporate finance, venture capital, innovation financing, and financial decision-making. He is the founder and director of the Stanford GSB Venture Capital Initiative.
In the episode, Richie and Ilya explore the venture mindset, the importance of embracing unknowns, how VC’s deal with unpredictability, how our education affects our decision-making ability, practical examples from Ilya’s teaching experiences at Stanford, adapting to market changes and continual innovation, venture mindset principles and much more.
Links Mentioned in the Show:
- Ilya’s Website
- Sequoia Capital
- Stanford University
- Related Episode: Making Better Decisions using Data & AI with Cassie Kozyrkov, Google's First Chief Decision Scientist
- Sign up to RADAR: AI Edition
New to DataCamp?
- Learn on the go using the DataCamp mobile app
- Empower your business with world-class data and AI skills with DataCamp for business
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