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By Penny Crosman Published December 26 2017 American Banker   Artificial intelligence Some venture capitalists have become bearish on artificial intelligence, considering it overhyped and a crowded field. “We’ve recently passed on a couple of AI companies,” Michael Steinberg, general partner at Reciprocal Ventures, said at a recent conference. “It’s a gigantic opportunity, obviously, but […]

by Craig Burel   Congratulations, founders, you’re ready to make your first sales hire! It’s an exciting time, you are now ready to embark on the next stage of growth. As early stage investors, we meet a lot of founders who are ready to make their first sales hire, but are unsure how to approach

This post is an adaptation of a speech Michael Steinberg (General Partner at Reciprocal Ventures) delivered on Tuesday, July 25, 2017 to a group of investors and (patient) blockchain entrepreneurs. As early stage venture investors, it’s pretty hard for us to not be excited about blockchain. We believe we are only at the front end

By Tom Goldenberg Published Jul 17, 2017 Medium Raising a seed round of fundraising has never been easier. The amount of money invested in venture capital has climbed over the last ten years. The number of seed round funds has also increased. With all this, it should be a breeze for anyone with a great

British novelist C.S Lewis once wrote “Hardships often prepare ordinary people for an extraordinary destiny.” Today, I’m excited and grateful to begin the next phase of my own journey, with the opening of Reciprocal Ventures. Reciprocal Ventures is a New York City-based early-stage venture capital firm focused on investing in the enterprise FinTech sector. We