This week on Turpentine VC, Erik Torenberg is joined by Arif Janmohamed, partner at Lightspeed Ventures to dive into the world of AI investment. They explore Lightspeed's evolution from a strong focus on enterprise early-stage investing to becoming a global multi-stage firm with a $7 billion capital reach. Arif shares insights on identifying market opportunities, their frameworks for investing in AI, and the future of cybersecurity.  — 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/ — SPONSORS: 💳 Imagine total control over your company's spending with Rippling Spend, the all-in-one platform for expense reports, corporate cards, and bill pay. Control spend, set custom approval chains, and close your books 3x faster. Visit https://www.rippling.com/turpentine for a free demo and one month free trial. 📑Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at carta.com/investors. 💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist. — LINKS: Lightspeed: https://lsvp.com/ — TIMESTAMPS: (00:00) Intro (01:06) History and Evolution of Lightspeed Ventures (03:16) Lightspeed's global and multi-sector approach (06:12) AI investing at Lightspeed (08:24) Foundation models and AI applications (12:09) Sponsors: Rippling | Carta (14:19) The future of AI and enterprise software (18:25) AI in corporate travel (19:00) AI agents in enterprise (19:35) The future of work with AI (21:19) Historical tech shifts and AI (21:42) Sponsor: Squad (22:48) Market timing and investment (23:19) AI's impact on business models (27:36) Cybersecurity in the AI era (32:09) Global entrepreneurship (33:13) Wrap