Daniel Ha & Gadi Borovich / Antigravity

Most of the AI conversation in venture is about tools. Who's running Claude Code, who built the better agent stack, who's moving faster. Gadi and Daniel are making a different argument. The tools are already everywhere, that's not the constraint anymore. The constraint is formation. People who've developed the right instincts for working with these tools, which mostly comes from having been in environments that built those instincts. And then Gadi pulls the thread: what the Puentes program is doing, finding engineers in Latin America who have the ability but never had the rails. It's the same thesis, running in both directions at once.

Daniel Ha dropped out of UC Davis in 2007 to go through Y Combinator and spent nearly a decade building Disqus, a blog comment platform that reached 4 million websites and 2 billion monthly users, before its acquisition by Zeta Global. Gadi Borovich is from Montevideo, Uruguay. He got into Minerva University, tracked down the Wefunder office across three different addresses until someone let him in, grew their market share to 45%, and built XX, an accelerator for technical outsiders, before most people his age had a degree. Together they built Antigravity Capital.

Our conversation gets into what it actually means to build an AI-native fund, not as a brand claim but as an operational one. It gets into where scarcity actually lives now that code generation is ubiquitous, and what that implies for who ends up building the things that matter.

Throughout the episode, you'll get the sense the fund is just the form their restlessness took, they'd be doing this anyway.

Full episode below, or on Spotify / Apple Podcasts