News Summary

Conviction Partners, an AI-focused fund launched by Sarah Guo, has announced the addition of Mike Vernal as a General Partner. This development follows the firm’s successful closing of a second fund with $230 million in capital commitments, more than double its initial $101 million debut fund. Mike Vernal, previously a partner at Sequoia and a VP of product and engineering at Facebook, brings a wealth of experience, having led deals in high-profile companies such as Notion, Rippling, and Verkada. Sarah Guo, a prominent AI investor, has significantly built the brand of Conviction Partners, with investments in companies like Mistral, Harvey, and Sierra, and co-hosts the popular AI podcast ‘No Priors’ with Elad Gil.