Sandhya Venkatachalam, a former Khosla Ventures partner who was an early investor in chipmaker Groq, has launched her own firm, Axiom Partners, to make what she describes as nonconformist bets on AI startups in their infancy. "Contrarian and wrong is relatively useless," she said. "Contrarian and right, that's the goal." At a moment when venture capital is pulling back and emerging managers are struggling to raise money, Venkatachalam is leaning into risk with her debut $52 million fund. She