In this podcast episode, we’re joined by Jessy Wu, who spent four years on the inside of Australian venture capital, first at NAB Ventures, and then as a partner at AfterWork Ventures. She was part of a team that deployed $20 million into 30 companies, building a community-powered model that challenged how VC traditionally works.
And then she left. Not for another fund, not for a bigger partnership, but to build the kind of company that would never be in the mandate of a VC fund—a professional services company in the AI era. Because after years of evaluating whether founders were pursuing their life’s work, she realised she wasn’t pursuing hers.
What follows is a conversation about cognitive bias dressed up as intuition, about the $2 trillion professional services market that VCs typically ignore, about what it costs to speak truth in an industry built on relationships, and about why democratizing venture capital isn’t charity—it might just be the key to the next generation of Australian innovation.
Jessy is the Founder and Managing Director of Encour. She was previously a partner at AfterWork Ventures.
