Xan Wood’s Post

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Investing at Canvas Ventures

In retrospect, 2024 was a pretty amazing year for innovation out of University of California, Berkeley. My Top 10 highlights below. Any I missed? 1. Databricks secured the largest VC round ever—a $ 10B funding round, led by multiple Berkeley founders. 2. OpenAI raised the 2nd largest VC funding round ever - $6.5B. Co-founded by Berkeley alum John Schulman. 3. Since launching Built By Berkeley (a newsletter that tracks Berkeley founded companies funding) in July 2024: 229 companies raised 27.4B. ~$1.1B per week raised by Cal founders! Wild! 4. Out of the 13 2024 Nobel Prize laureates - 4 had Berkeley connections. 5. Record-breaking Berkeley Olympic performance: 5 Gold, 10 Silver, 8 Bronze medals. More than many countries!  6. Berkeley-founded Perplexity emerged as a genuine Google Search competitor, reaching a $9B valuation (9x increase in a year) with 15M+ active users (probably already much higher than this). Along with some unbelievable execution speed from Aravind Srinivas and team. 7. Chatbot Arena, founded at Berkeley, became the industry standard for AI model benchmarking. 8. Rich Lyons became the new Berkeley chancellor. Rich will be a huge innovation catalyst for Berkeley. 9. Berkeley beats Stanford University 21-24 in the Big Game…not innovation but fun nevertheless.  10. Berkeley leads the PitchBook rankings with 1,642 VC-backed undergrad alumni-founded companies. 245 more than second-placed Stanford. Berkeley is shaping up to be ground zero of the coming AI wave from a company formation and research perspective. Looking forward to a bigger and better 2025.

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Nadia Desai

Working to make a positive impact in underserved communities. Formerly in the UN. Currently trying something bold and new in life.

2mo

I hope one day there will be a ranking for who created the most social good. Maybe 2025 is the year to start thinking in this way.

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Zuoqian "Joe" Wang, Ph.D.

Hardware Engineering Manager at Meta

2mo

Amazing year for Cal, 2025 will be even better! Go Bears!!

Aron Solberg

Co-founder & CEO @ Risotto || Our AI IT Agent can help automate 40%+ of your IT support issues

2mo

Great list! We’re a bit smaller then those guys but Risotto (YC W24) is coming on quick and has cal bear roots as well 🐻! Thanks for sharing and go bears!

Viraj Phanse

VC, Investor | Ex Operator (Product/GTM) - AWS, Oracle, Aerospike, Persistent | Ex co-founder/CEO | 1x exit | UC Berkeley MBA, UCLA MS in CS | [email protected]

2mo

Amazing list! We were very small compared to others in the list, but Dataflos fka Blockfenders got exited to a company called Lirik Inc. in 2024. It had a Cal bear founder (me 🐻)! Thanks for sharing and go bears!

David L.

Chief Executive Officer and Founder of Unity Investment Management and two previous private equity real estate firms as well as a senior executive and partner at leading blue chip global investment firms.

2mo

Go Bears! You missed a few companies that other Berkeley alums founded. 😀

Caroline Winnett

Executive Director at Berkeley SkyDeck I Forbes 50 over 50.

2mo

Berkeley is a powerhouse of innovation. 2025 will be even more epic.

Letta is also out of Berkeley.

Alexandra Sborov

Founder | Investor | Haas MBA

2mo

Go Bears!!

Ishan Sharma

CEO/Founder, SellScale | Building the First Agentic Revenue Org

2mo

Go Bears!

Tom Meister

Capital formation for specialized or frontier markets

2mo

Roll on you bears!

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