UVC: Mikhail Taver from Taver Capital on why he chose AI as the technology to focus on, the value proposition of AI for traditional heavy industries like mining & what people often overvalue in venture capital

In this episode of Understanding VC podcast, I interview Mikhail Taver, the Founder and Managing Partner of Taver Capital, an international venture capital fund based in Delaware. With over 20 years of experience in executive roles within major financial and industrial companies, Mikhail has closed more than 250 mergers and acquisitions (M&A) and private equity deals. He holds several certifications, including CFA, ACMA, and CGMA.

Mikhail discusses the importance of psychology for investors, particularly when dealing with early-stage companies. He emphasizes that while financial knowledge and analysis are crucial, understanding the people and the psychology behind the companies is equally important.

When asked about his transition from private equity to venture capital, Mikhail shares his decision to explore VC and the adjustments he had to make. He also explains why he chose AI as a technology to focus on and the global mandate of his fund. Mikhail highlights the value proposition of AI for traditional heavy industries like mining, and why he believes there are limited companies operating in this space.

As a solo venture capitalist, Mikhail discusses how he spends his time and the factors he prioritizes when evaluating potential investments. He shares his perspective on what people often overvalue in venture capital and explains why he believes knowledge of finance is not as critical in the early stages of a company.

Lastly, Mikhail reveals the reasoning behind naming his fund after his own name, highlighting the personal connection and the legacy he aims to build.