Thesis 1.0

We stand at a pivotal moment. The plummeting cost of intelligence, driven by the relentless advance of AI and the dawn of frontier technologies, ushers in a paradigm where computation no longer merely enhances but wholly redefines how enterprises create, operate, and evolve. Just as the internet collapsed the cost of connectivity to reshape human behavior, today’s intelligence revolution compresses the barriers to innovation, enabling bold founders to forge entirely new categories of value.

At Lucid Ventures, we champion pioneers; visionaries who don’t optimize existing systems but dismantle them to build enduring platforms that transform industries.

The Opportunity: A Convergence of Intelligence and Ambition

The cost of intelligence craters faster than any technological shift since the internet’s rise. Breakthroughs in AI, from experiential reinforcement learning to process-driven models, pair with emerging paradigms to amplify computational power while shrinking environmental footprints.

This convergence empowers startups to deliver solutions once deemed impossible, from autonomous systems redefining supply chains to predictive platforms revolutionizing regulated industries. These aren’t incremental gains; they rewrite the rules of enterprise behavior, collapsing inefficiencies and creating leverage where none existed.

As intelligence becomes abundant, those who harness it to replace entire workflows or invent new sectors will capture outsized value, reshaping markets and societies alike.

Our Investment Focus: Category Creators with Lasting Impact

We seek seed-stage B2B companies that embody transformative potential. Our founders build ecosystems; platforms that redefine how enterprises function, from foundational operations to visionary paradigms across industries.

Our founders leverage AI’s cost declines to automate complex processes, such as transforming static operations into dynamic, foresight-driven systems. They unlock sustainable, scalable outcomes that propel global innovation.

These companies don’t compete in existing markets, they define new ones. They replace outdated workflows with solutions that scale organically through defensible technology and compounding user effects.

We prioritize resilience and integrity: founders with the grit to navigate uncertainty and the vision to build for years and decades, not months.

Our Approach: Crafting Ventures with Precision and Purpose

As former operators who’ve scaled and exited companies, we bring craft and discipline to venture. We don’t chase fleeting trends or superficial metrics. Instead, we partner with founders who demonstrate a lucid understanding of their sector’s trajectory and their role in shaping it.

We foster defensibility through proprietary technology, whether unique datasets or novel architectures or distribution channels, amplified by the network effects AI reinvigorates. We guide founders to balance bold innovation with disciplined execution, ensuring early traction paves the way for sustainable scale, not fleeting hype.

Our role is active, yet visionary. We challenge founders to see beyond immediate wins to the enduring ecosystems they’ll create, while providing hands-on guidance to navigate complex B2B markets.

We see what others miss. As operators, we’ve spent decades decoding the signals that precede massive shifts in technology. This isn’t instinct, it’s a refined skill. This foresight is our advantage and your unfair one. We follow the signal, not the noise, reading the patterns of tomorrow and funding them today.

Why Now: The Dawn of a New Industrial Epoch

The collapse in intelligence costs marks a turning point akin to the steam engine or electricity’s advent. It’s not just about faster algorithms or cheaper compute, it’s about unlocking human and enterprise potential at unprecedented scale.

Those who build at this intersection of AI’s immediacy and frontier tech’s promise will redefine how we work, compete, and thrive. Lucid Ventures exists to find these founders, fuel their visions, and shape a future where intelligence drives not just efficiency but reinvention.

Join us in pioneering the intelligence-led future that will transform humanity.

– Noel Webb & Jeremy Auger