Investing
World’s Rich Bet on VC Firm With 275% Gains That Shuns AI
- 8090 Industries focuses on less glamorous world of industrials
- Firm has attracted investments from billionaire families
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Rayyan Islam and Kerem Ozmen are millennials betting on making it big in early-stage investing. But unlike many of their peers, they’re eschewing Silicon Valley startups in favor of companies looking to transform the not-so-sexy world of industrials.
Over the past four years, the pair have built up their venture firm, 8090 Industries, with backing from billionaire families whose fortunes range from the largest driller of US natural gas to a Swedish consumer goods giant to one of the world’s biggest mining companies.