Two, I assumed the people actually deploying AI models would be concerned about security. Doesn’t everyone across America? I know how ridiculous it sounds in retrospect. Super big mistake, but those were the only people I had known growing up and so I kind of assumed, hey, all my friends are building AI models over the weekend. “I had made two mistakes: mistake number one was I had assumed that the rate of progress that all of my friends had been on in Silicon Valley was indicative of the broader kind of American context. The company was early to the AI security market, as AI itself was not yet widely adopted. ![]() In choosing a name for the company he and his sister decided on “Calypso” after the name of famed underwater explorer Jacques Cousteau’s ship used on his missions, as Serebryany is an avid scuba diver.Īfter a couple of months of assembling all of the pieces together to form the company and build the platform, the fledgling company set out to sell its platform. And we got going on this mission to secure AI,” says Serebryany. What do you think about backing it?’ They said, ‘Yes,’ and we raised our seed round. “I basically went to them and said, ‘Hey, I want to start a company focused on AI security. And so, I decided to start the company.”Ī child prodigy, Serebryany had started taking college courses at UCLA when he was 13, where at 14 he met the founder of Lightspeed venture capital and UCLA alum, Barry Eggers, as well as other VCs. ![]() I was 19 at the time, so obviously nothing happened. “Everyone was so afraid of what would happen if this AI got hacked, or messed with in any way, how could it be used on anything critical? And so, I ended up suggesting a white paper on what they should do. As of the 2014-2015 school year, it enrolled about 1,700 students.While at the agency, Serebryany wrote a paper on AI security. The Silicon Valley school, which charges tuition of roughly $17,000 a year, also offers financial aid based on need. "This incredible boon will not, by itself, completely fund the goals of the strategic plan," the president of the private Catholic school wrote Thursday, "but it will help lay the necessary foundation and give us a remarkable head start."Ĭhiu added: "Barry Eggers now joins the illustrious list of individuals and families whose foresight and generosity have enriched Saint Francis High School over the years." Snap's stock ended its first day of trading at $24.51 per share, up 44%," Quartz reports. ![]() "The remaining third of its holding, roughly 700,000 shares, could be even more lucrative. The school got a little more specific with Quartz Media about that "boost," saying the school sold two-thirds of its shares in the company to raise about $24 million. Then in a stroke of fortune, he also persuaded his children's school, where he was chairman of its financial growth fund, to put up a little seed money, too - $15,000, in fact.īy Thursday, when the app's parent company Snap went public, that investment had "matured and given us a significant boost," Simon Chiu, president of Saint Francis High School in Mountain View, Calif., wrote to parents with remarkable understatement. After a little investigation, Eggers persuaded his company, Lightspeed Venture Partners, to become one of the first to invest hundreds of thousands of dollars in the fledgling app. It was in 2012 that Barry Eggers, a venture capitalist, noticed that his two high school-aged children were getting obsessed with a curious new app called Snapchat.
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