Conviction

Thesis

Conviction is Sarah Guo's AI-native "Software 3.0" fund, launched in 2022 before the current AI cycle was consensus. Guo runs a concentrated strategy — roughly 27 companies in the firm's first three years — rather than a high-volume seed model, and has backed some of the highest-valued private AI companies to emerge since.

Notable portfolio companies

• Harvey
• Sierra
• Mistral
• Cognition
• OpenEvidence

For LPs evaluating this fund

A concentration bet: fewer, larger positions per fund than a typical seed strategy means Conviction's fund-level return depends more heavily on each individual pick clearing the bar — evaluate the thesis discipline, not just the logo list.

Sources

• Conviction ↗

Facts here reflect public reporting at time of writing. Fund status, thesis and minimums change — verify current details directly with Conviction before acting. Portfolio company names are illustrative of a fund's activity, not an endorsement by, or current relationship confirmation from, the named company.