Michael Sterry

Investor for family offices and institutions in venture, growth and buyout funds. Not investment advice - do your own diligence mate.

[Michael Sterry @michael_sterry]

@Hadley So Benchmark with agents?

[Michael Sterry @michael_sterry]

Pleased to co-invest in Fluency’s round, led by Accel.

AI spend is accelerating, but most enterprises still don’t know how work is actually performed. Without that, ROI is guesswork. Fluency makes execution measurable.

[fluency @FluencyHQ]

Fluency has raised a $6M Seed led by @Accel to solve the $600B enterprise AI problem.

95% of enterprise AI initiatives fail because companies don’t know where AI will actually drive ROI.

We built Fluency to change that.

Fluency creates a living model of how work really happens across the enterprise: capturing context, decisions, and workflows no system can see.

Teams use Fluency to:

→ Identify the highest-leverage AI opportunities
→ Prove ROI before spending
→ Optimize workflows org-wide

This is how enterprises move from AI pilots → real outcomes.

Grateful to @Accel and our partners for backing the journey.

We're hiring Data, AI, and Fullstack Engineers. Reach out if you want to work on this with us.

[Michael Sterry @michael_sterry]

@WillManidis You might enjoy this @BrentBeshore

[Albert Wenger 🌎🔥⌛ @albertwenger]

Reading @moltbook https://t.co/8iNWxOe5Rd is a glimpse into the mind of an emerging intelligence

[Michael Sterry @michael_sterry]

@austinxwalker Hmmm provided they will figure out the right problem

[Michael Sterry @michael_sterry]

@jramey000 @edsuh It would be very unusual for sophisticated GPs to do that. It would also get around the LP network quickly.

[Michael Sterry @michael_sterry]

@endowment_eddie @edsuh Agree. The closest I’ve seen is using it as a narrative to why marks are conservative, and even then, only implicitly and verbally

[Michael Sterry @michael_sterry]

@edsuh I’ve never a GP use SAFE caps as marks

[Michael Sterry @michael_sterry]

@Eli_Albrecht Perhaps for small businesses or micro cap. Not my experience llm adn above

[Michael Sterry @michael_sterry]

@jjkirby18 @endowment_eddie Agreed. This is as complex as it needs to be, and no more.

[Michael Sterry @michael_sterry]

@jjtejkl What’s the context here?

[Michael Sterry @michael_sterry]

Monetising co-investments sounds clever until you look closely. For now, good LPs see them as a right, not a product. It will stay that way at least until the tough fundraising market tide turns.
@PitchBook

https://t.co/yNcOJvnrVO

[Bob @palmtrees_guy]

@BowTiedKong One of my favorite Scott moments

[Michael Sterry @michael_sterry]

@thesamparr The banana king

[Michael Sterry @michael_sterry]

@needtofilm @thesamparr +1

[Michael Sterry @michael_sterry]

@rodrigoakarolo @thesamparr Great book. Greg is Australian born in my home town of Melbourne

[Michael Sterry @michael_sterry]

@BoringBiz_ At least it’s makes it clear what the incentives are…
Most GPs fundraise off an unrealised track record so not a stretch to be Lai’s carry off it too

[Michael Sterry @michael_sterry]

@investing_law Imagine drafting without CAD

[Michael Sterry @michael_sterry]

@willis_cap The conclusion in the title and subtitle are probably accurate but the chart itself is useless

[JV @AyyouEm]

Lol. Lmao even.

We haven't distributed any capital ("but look at your IRR!") and you can't sell your stake unless you write a commit for the next fund.

Deeply unserious industry, even more unserious LPs still playing along with this.