Brazilian AI startup fund Shiva raised $10 million, and it's betting on tiny teams. Read its pitch deck.

Business

A Brazilian startup fund is betting that AI has made large headcounts and funding rounds unnecessary to compete on the global stage. Shiva, named for the Hindu god of transformation, has raised $10 million to back AI startups of one to three people — which it calls "Stars" — and arm them with monthly stipends rather than large, upfront checks. Brazilian entrepreneur Lucas Marques founded Shiva, backed by venture firm Monashees. He believes AI can create opportunities for founders from