Conviction’s strength is concentrated in high-value AI applications and infrastructure
A public-web scan produced 11 attributable portfolio names with usable financing data. The clearest signal is not portfolio breadth but Sarah Guo’s hands-on leverage: customer retention, product direction and follow-on capital formation—most visibly at Baseten and Harvey.
$12B
highest observed valuation
11
attributable companies surfaced
8
companies with public valuation
0
verified forward revenue forecasts
Latest public valuation observed
USD billions portfolio high
036912
Baseten uses the newer $5B figure reported by Forbes in May 2026; the structured portfolio directory still showed an older $825M figure.
Where Conviction appears strongest
commercial intervention
Customer and product leverage
High
Guo reportedly intervened to retain a Baseten customer; Conviction also helped Harvey land A&O Shearman and shaped product strategy.
capital formation
Follow-on investor access
High
Forbes reports Guo helped convince Nvidia to invest $150M in Baseten’s $300M Series E.
portfolio construction
AI-native concentration
Focused
The surfaced companies cluster in model infrastructure, developer tooling and vertical enterprise applications rather than broad software.
What the evidence says
01
Hands-on support is the differentiator. Specific examples cover customer retention, first-customer access, product advice and bringing in a strategic later-stage investor. forbes.com
02
The strategy spans the AI stack. Baseten and LangChain represent infrastructure/tooling; Harvey, OpenEvidence, Sierra and Upwind represent high-value application layers. siliconvalleyinvestclub.com
03
Outlier value creation is already visible. OpenEvidence and Harvey were reported at $12B and $11B, while Baseten was reported at $5B after revenue grew more than 10× year over year. forbes.com
04
Forecast disclosure is weak. No reliable forward revenue projection surfaced for the 11-company set; blank cells should be treated as undisclosed, not zero.
Advanced portfolio evidence table
| Company | Layer | Traction / customers | Later-stage signal | Latest round | Valuation | Revenue forecast | Conviction signal |
|---|---|---|---|---|---|---|---|
| OpenEvidence | Healthcare AI | Not verified in scan | Not verified | Growth, Jul 2026 | $12B | Undisclosed | Growth exposure |
| Harvey | Legal AI | A&O Shearman; enterprise law firms | Not verified in final set | Growth, Mar 2026 | $11B | Undisclosed | First-client access; product guidance |
| Mistral AI | Foundation models | Not verified in scan | Not verified | Not resolved | $6B | Undisclosed | AI-stack concentration |
| Baseten | Inference platform | Revenue grew >10× in prior year | Nvidia, $150M | $300M Series E | $5B | Undisclosed | Customer save; Nvidia introduction |
| Sierra | Conversational AI | Not verified in scan | Not verified | Not resolved | $4.5B | Undisclosed | Enterprise application thesis |
| Sakana AI | AI research / models | Not verified in scan | Not verified | Not resolved | $1.5B | Undisclosed | Model-layer exposure |
| Upwind Security | Cloud security | Not verified in scan | Not verified | Series B, Jan 2026 | $1.5B | Undisclosed | Enterprise software exposure |
| Applied Compute | Consumer / lifestyle | Not verified in scan | Not verified | Series B, Apr 2026 | $1.3B | Undisclosed | Series B exposure |
| LangChain | Developer tooling | Not verified in scan | Not verified | Series B, Oct 2025 | $1.3B | Undisclosed | AI tooling exposure |
| Seek AI | Data / analytics AI | Not verified in scan | Battery Ventures | $7.5M seed, Feb 2023 | Undisclosed | Undisclosed | Co-led seed |
| MatX | AI compute | Not verified in scan | Not verified | Series A | Undisclosed | Undisclosed | Series A exposure |
Method: live-web research run 25 Aug 2026 across eight diversified search angles and more than 1,000 deduplicated results; 11 names survived explicit attribution and structured extraction. Valuation means the latest public figure found in the reviewed pages, not an independent fair-value estimate. Portfolio is a public-data reconstruction, not a complete official holdings ledger. Sources include siliconvalleyinvestclub.com, weeklyminds.com, wowls.com, and rigorrank.com.