Seven Stars Announces First Fund to Back the Visionaries Shaping AI's Future
'AI is the equalizer for the 90%, poised to transform lives on a global scale – and it all starts with motivated founders to build enduring companies that empower individuals and companies to thrive in a rapidly-changing world.'
'While AI already benefits one billion knowledge workers across finance, law, and marketing, I'm most excited by AI's impact on the rest of the world's eight billion people,' said Steven Lee, Founder and General Partner at Seven Stars. 'AI is the equalizer for the 90%, poised to transform lives on a global scale – and it all starts with motivated founders to build enduring companies that empower individuals and companies to thrive in a rapidly-changing world.'
Lee has been investing in seed-stage AI companies since the early days of the AI revolution and has helped founders raise over $1.25 billion in capital. He built Seven Stars to deliver unique value to visionary AI founders, offering hands-on fundraising coaching, access to a diverse talent pipeline, and a thoughtfully-curated advisory network with world-class executives, operators, and researchers with experience from leading AI companies, including Google, Nubank, Meta, Microsoft, and OpenAI.
Seven Stars' model is focused on co-investing and working collaboratively alongside other VCs and angel investors. The firm's well-established LP base comprises long-term institutional investors, including a university endowment, pension fund, and firms managing capital on behalf of endowments, foundations and insurance companies, among others.
'Steven's extensive relationships and trusted reputation with leading AI companies have positioned Seven Stars to drive the next phase of AI-driven disruption,' said Hunter Somerville, Partner at StepStone Group (NASDAQ: STEP), a global private markets investment firm. 'We're proud to invest in his oversubscribed inaugural fund.'
'Steven exemplifies the core principles we look for when backing a new manager,' said Nate Leung, Partner at Sapphire Partners and co-founder of OpenLP. 'In our opinion, he brings an outstanding track record from a highly respected firm, with clear early signals of potential outperformance and what we believe is a distinct investment edge. His portfolio already includes several category-leading companies in AI applications, and his reputation is backed by strong endorsements from founders and co-investors alike. With strong integrity, ambition, and a deep commitment to building authentic relationships, we're excited to support Steven as he builds Seven Stars into an enduring firm.'
Lee's investment thesis – and the backstory behind the firm's name – is deeply rooted in his background as first-generation Korean-American, born in Los Angeles' Koreatown. His parents' clothing small business called 'Seven Star Fashion' was the influence behind the Seven Stars name – and in practice, Lee resonates with founders with entrepreneurial stories similar to his family's. As one of the few Korean-descent partners in the VC industry, he's an active member of Gold House, a non-profit organization that empowers and unites Asian Pacific creators and businesses. In 2024, Gold House named Lee as one of the most impactful Asian Pacific leaders in culture and society alongside Nvidia CEO Jensen Huang, Scale AI CEO Alexandr Wang, and Stanford Professor Fei-Fei Li.
'When I meet a founder, I'm drawn to their life story, the obstacles they've overcome, and what motivates them to build an iconic company,' continued Lee. 'Digging into the real grit of the founder can oftentimes signal the ultimate success of a startup – with the founder at the center of it all.'
About Seven Stars
Seven Stars is a pre-seed and seed-stage fund that partners with next-generation founders building enduring AI companies, with a focus on applications across both consumer and enterprise technology. The fund is founded and managed by Steven Lee, a former SV Angel partner with nine years of investing experience. Lee has advised hundreds of founders on more than 900 financings, helping raise over $1.25 billion in capital to-date.
For more information, visit www.sevenstars.vc.
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Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2025 Results
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To pre-register, please go to Those without internet access or unable to pre-register may dial in by calling: Participant Dial-in (Toll Free): 1-844-308-3408 Participant International Dial-in: 1-412-317-5408 For those unable to listen to the live broadcast, a replay will become available on our website under the Investors menu at About Ampco-Pittsburgh Corporation Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. 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This press release may include, but is not limited to, statements about operating performance, trends and events we expect or anticipate will occur in the future, statements about sales and production levels, timing of orders for our products, restructurings, the impact from pandemics and geopolitical conflicts, profitability and anticipated expenses, inflation, the global supply chain, tariffs and global trade, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed 'forward-looking statements' within the meaning of the Act and words such as 'may,' 'will,' 'intend,' 'believe,' 'expect,' 'anticipate,' 'estimate, 'project,' 'target,' 'goal,' 'forecast' and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For us, these risks and uncertainties include, but are not limited to: inability to maintain adequate liquidity to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations including severance costs associated with our anticipated exit from our operations in the U.K.; economic downturns, cyclical demand for our products and insufficient demand for our products; excess global capacity in the steel industry; inability to successfully restructure our operations, exit our U.K. operations, and/or invest in operations that will yield the best long-term value to our shareholders; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; inability to obtain necessary capital or financing on satisfactory terms to acquire capital expenditures that may be necessary to support our growth strategy; inoperability of certain equipment on which we rely; increases in commodity prices or insufficient hedging against increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials for us or our customers; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; fluctuations in the value of the U.S. dollar relative to other currencies; changes in the existing regulatory environment; consequences of pandemics and geopolitical conflicts; work stoppage or another industrial action on the part of any of our unions; failure to maintain an effective system of internal control; changes in the global economic environment, inflation, the ongoing impact of tariffs, elevated interest rates, recessions or prolonged periods of slow economic growth, and global instability and actual and threatened geopolitical conflict; and those discussed more fully elsewhere in Item 1A, Risk Factors, in Part I of the Corporation's latest Annual Report on Form 10-K and Part II of the latest Quarterly Report on Form 10-Q. 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(2) Depreciation and amortization expense for the three and six months ended June 30, 2025 includes accelerated depreciation of $654 associated with exiting the U.K. operations. Expand
Business Wire
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