AJonStartups
As a multi-stage investor at Notable Capital, Chelcie Taylor spends her time thinking about a future transformed by AI-native and AI-enabled software. She focuses specifically on vertical AI applications, as well as B2B and enterprise software, evaluating deals from inception through later-stage opportunities. Additionally, she co-created the annual SMBTech 50—a list showcasing the most promising private companies building for SMBs. Her journey to venture capital has been highly decorated: she earned her undergraduate degree from Princeton, her MBA from Harvard Business School, and held strategic and operating roles at Google, CBS, and MediaLink before joining Notable Capital in 2021. In addition to her work as an investor, she contributes to organizations supporting underrepresented investors, including AllRaise and BLCKVC. In 2024, Chelcie was selected as one of five recipients of the National Venture Capital Association’s Rising Star Award. During our conversation, Chelcie shared her belief in AI as a transformational technology and offered her perspective on the rapidly evolving AI ecosystem. She identified the biggest change in the last 18–24 months as the increased velocity of top-line growth for AI companies. As time to milestones have compressed to unprecedented levels, AI-native startups that are going from zero to five or ten million in ARR are adapting their capital allocation and fundraising strategies. As a result, Chelcie and other investors are re-underwriting how they assess these businesses across different stages. In particular, Chelcie is very bullish on the AI voice agent space, and she spent a meaningful portion of our conversation deep-diving into the nuances and potential impacts of these agents across verticals such as banking, healthcare, and SMBs. You can read her blog post, “Vertical Voice Agents Are Taking Off: Here’s Why,” for a detailed exploration of the key factors driving their adoption and growth: https://www.notablecap.com/blog/vertical-voice-agents-are-taking-off-heres-why [https://www.notablecap.com/blog/vertical-voice-agents-are-taking-off-heres-why] During our conversation, Chelcie and I discussed: 00:00:54 - Chelcie's Observations, Perspectives, and Thesis on AI Markets 00:05:19 - AI-Native Startup's Shifting Capital Needs 00:12:05- Vertical Specific AI Tools and Voice Agents 00:27:34 - Competition and Differentiation for AI-native Companies 00:30:16 - Conclusion
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