Inside Eniac: From a $1.6M Fund to $220M

Nihal Mehta co-founded ENIAC Ventures nearly 16 years ago with a $1.5 million fund. Today the firm invests out of a $220 million fund and has become one of New York's most active early-stage backers of AI-native companies. In this episode, Nihal breaks down how he's built an "army of AI agents" using Claude to source deals, screen inbound pitches, and even run diligence on a live term sheet, plus why he believes New York, not San Francisco, is where consumer and enterprise AI applications will be built and won.