A VC firm says it fired all its analysts and is using AI to help run deals for its new $75 million fund (www.businessinsider.com)

Davidovs Venture Collective (DVC) is launching a $75 million Series A/B fund for AI startups — and says it has replaced traditional analyst roles with an AI-augmented LP network. The four-year-old firm eliminated its five part- and full-time analysts over a year ago and now leans on a 170-person limited partner community (including engineers and founders from OpenAI, Google, Meta, Microsoft, Tesla and Perplexity) that uses AI agents they helped build to source deals, draft deal memos, run due diligence and monitor portfolio companies. Those agents also identify founder needs and match startups with community experts; roughly 30–40% of carried interest is shared with the community, 30–40% to partners, and the remainder to the founding GPs. The new fund has $40M committed so far and DVC has previously deployed $21M across 120 companies. The move underscores a growing VC playbook: automating repeatable diligence and workflow tasks with AI while reallocating human expertise to high-value advising and sourcing. Technically, DVC’s model blends human-in-the-loop agent design, community-sourced signals, and expert routing to scale deal flow and value-adds. It also raises practical questions about evaluation quality, founder assessment and incentives — DVC admits AI can’t replace human judgment on founder psychology — while signalling that AI tools may materially reduce junior headcount and change how venture value is created and compensated.