Martin Tobias launched a new podcast called "The First Bet," exploring how guests gain conviction to make decisions about deploying capital or committing resources. First episode features Alec Torelli.
Martin Tobias published an essay arguing the Softwaremageddon panic over legacy SaaS is overblown, and outlining how Incisive Ventures is investing through it — avoiding LLM-adjacent wrappers, backing durable vertical niches, betting on the demand-supply gap, and backing fast iterators.
Martin Tobias is raising a $25M Incisive Ventures II fund. The VC Factory LP profile notes he is an emerging manager with a $10M Fund I launched in 2021, now targeting $25M for Fund II, having already backed six unicorns.
Martin Tobias published his core AI thesis with data: the AI application/SaaS layer will be multiples larger than infrastructure, and Incisive Ventures is investing in B2B AI application layer startups that solve real business problems.
Martin Tobias published an essay on his conviction framework — Hustler + Hacker two-person founding team, market with billions in potential, distribution trick — with real portfolio examples including Procurable, CiviQ, Grw AI, Nuel.AI, Quintess AI, Playmaker, and Legix.ai.