Navigate / search

A new chapter in my life – investing in our future.

I spent much of the day yesterday with Salman Khan of Khan Academy, walking around the MIT campus and at events geared towards raising awareness and funds for his amazing effort to democratize education for all people of the world.  It was nice for both of us to walk around the campus where we not only got educated and ‘grew up’, but also found our spouses and some life-long friends. At one point in his talk at MIT Sal said “I am having the time of my life. I am pursuing my passions”. I could not agree with him more. As an entrepreneur and an investor, I have been privileged to be able to do the same for the last 10 years of my life. A new chapter in that life begins today as I announce starting June I will join Lux Capital as a partner in their Palo Alto office to continue to do what I am passionate about: investing in our future.

Lux Capital is a NYC and Palo Alto based venture capital firm focused on founding, seeding and making early stage investments in emerging technologies. I have known Lux for many years, we have co-invested together in the past, and have spent a lot of time learning from each other about ideas, innovations and themes that would be considered extra-ordinary even for our innovative times. My partners at Lux – Josh, Peter, Rob and Adam – are entrepreneurs at heart who share my mission to partner with great entrepreneurs early to help them build great companies. As friends I have found them to be humble and genuinely nice people, and as professional colleagues I find them intellectually curious, rigorous and honest – ready to roll up their sleeves and do what it takes to help entrepreneurs achieve their successes. I am excited that with their help, and with the help of the rest of the awesome Lux team, I will be able to focus on identifying and leading early stage investments across Energy, Technology and Healthcare sectors.

We are living in extra-ordinary times where innovation is happening at an unbelievable pace across so many different disciplines. During the last 15 years that I have spent on academic campuses and then in the startup world I have witnessed ground-breaking work happening in areas such as genetics/genomics, synthetic biology, materials science, data analytics, informatics, communication and energy/climate sciences. As stated above, I want to invest in and build our future, utilizing breakthroughs across science/engineering disciplines, and not just software engineering, and coupling with business and marketplace innovations. I want to partner with entrepreneurs that are tackling big problems in commercially interesting ways. New materials, 3D printing, robotics, internet of things, sensing/imaging, big data, genomics, personal health, security, wearable computing, energy/cleantech and other areas…possibilities are endless. And Lux has a proven track record to think differently and invest in unconventional areas. With a new $245m fund, and now with a new partner, we are ready to double-down.

I have spent the last 15 years of my life in Boston and the transition to California will not be easy. But I also know I will keep coming back here to invest time and again. I continue to believe Boston is one of the most fertile grounds for innovation and startup talent. It has some of the world best universities, a self-replenishing student cohort that is unparalleled anywhere else in the world, and a thriving startup ecosystem in IT, energy and healthcare. General Catalyst is a great bi-coastal firm and I am sure we will continue to partner together on ambitious projects in the future as well. I want to thank GC for teaching me what I know of the VC business, and especially Hemant, Joel, David, Larry and others who have been great mentors and friends. Most importantly, I want to thank all the founders, CEOs, CTOs and other people in GC companies that I have invested in and been a part of at GC. You are heroes and no doubt will change the world! I will also stay involved as a co-founder and advisor to the ‘baller’ students at RoughDraft.vc and StartLabs. They make me proud.

I am humbly embarking on this journey of investing in big, bold ideas, and backing great entrepreneurs who are not shy to take on challenges worth committing 10+ years of their lives to. I am not looking to make momentum investments, but as my partners say, we want to invest in spaces where when we win, we win big!  I grew up in a middle class family in a relatively poor country. If anything I do can impact those billions of people who have even less than people around me growing up had, I will feel I did a good job. I have lots to learn and I look forward to this new chapter…

  • Saurabh Shukla

    Hi Bilal,

    Was reading about Imran Khan and Pakistan’s elections and got me nostalgic about my Wooster days and Pakistani class mates. I don’t know much about Pakistan but do know that when I was a kid my Dad would always hold Imran Khan up as the model for a talented and disciplined cricketer who’s hard work helped him best the art of being able to pitch a ball at the spot of his choosing whenever he wanted. My Dad’s high regard of him might be why Imran Khan always springs to mind whenever I think of noble Pakistanis (I could be completely wrong, so please pardon my ignorance). He didn’t become PM, as I believed a non-establishment leader such as him could be the lynchpin in helping pull our entire region out of 1947. But he did make some positive gains and so I hope that his parliamentary vibes will help speed up the subcontinental bullock cart in its pursuit of true happiness. Anyway, it seems that life’s been keeping you happy thus far and I see that you are embarking on a new journey as well – I wish you continued success and hope you achieve your dreams.

    Best Regards,
    Saurabh