Andreessen Horowitz · Sam Altman · Wall Street · ChatGPT · TechCrunch AI
Ashton Kutcher exiting Sound Ventures to launch new VC firm with Morgan Beller
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Ashton Kutcher is stepping away from Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a separate VC fund, the Wall Street Journal reported.
Key facts
- Ashton Kutcher is stepping away from Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a separate VC fund, the Wall Street Journal reported
- Beller also spent nearly three years as a partner at Andreessen Horowitz
- The actor has known OpenAI’s Sam Altman since Altman founded Loopt, years before the launch of the ChatGPT maker
- Despite leaving Sound Ventures, Kutcher will continue to serve as an adviser to the firm
Summary
TechCrunch had separately heard that Kutcher was preparing to leave; the WSJ’s report confirms it and adds new detail on his plans with Beller. Kutcher’s exit doesn’t appear to be a sign of trouble at Sound Ventures, investors often leave firms that are underperforming, but that’s not the case here. The split is also notable for what it signals about where AI money is heading next: Sound built its reputation on concentrated, high-conviction bets in category-leading AI labs, while Kutcher’s new fund appears to be chasing the layer underneath those companies, the infrastructure and energy that power them. “He and his fund consistently make it onto rankings of top unicorn investors.