Investment Thesis
Conviction is a thesis-driven VC focused exclusively on AI-native ‘Software 3.0’ companies—startups where machine learning is embedded at the core of the product, not bolted on. Founded by former Greylock partner Sarah Guo and joined by ex-Sequoia partner Mike Vernal, the firm targets technical founding teams building infrastructure, agents, and applications that harness frontier models. Conviction tends to invest early and with high concentration, leading or co-leading seed and Series A rounds with $1–25M checks. They emphasize helping founders with product strategy, early go-to-market, hiring, and future fundraising, drawing on deep networks across big tech and the AI research community.