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Term Sheet Next: NEA partner Ann Bordetsky is on a mission to fund AI-first products and startups creating economic empowerment

Allie Garfinkle
By
Allie Garfinkle
Allie Garfinkle
Term Sheet Editor
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Allie Garfinkle
By
Allie Garfinkle
Allie Garfinkle
Term Sheet Editor
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April 21, 2025, 5:49 PM ET
Ann Bordetsky, partner at NEA
Ann Bordetsky, partner at NEACourtesy of NEA
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Though Ann Bordetsky’s life started in Chelyabinsk, located in Russia’s Ural Mountains, by 11, her family had moved to Columbia, S.C. 

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“When you grow up in an immigrant family, your entire life is kind of a startup,” she said. 

So it perhaps was natural that after spending the first part of her career in policy in Washington, D.C., she gravitated to startups. Bordetsky held business development leadership roles at both Twitter and Uber during each company’s rise. She ultimately joined NEA as a partner in 2021, where she now focuses on consumer AI investments.

“For me, the through line has always been that I’m already in the best place in the world, so why do something safe? I should work on things that truly matter, that move the world forward in a meaningful way,” Bordetsky told Fortune. “Who are the individuals that truly have a different take on the world? It’s not just backing them as an investor, but asking who the remarkable individuals I want to spend my time with are. Time is more limited than capital.”

Key companies Bordetsky has backed include Perplexity (last valued at $9 billion), ElevenLabs (last valued at $3.3 billion), and Ceramic AI (started by Google AI legend Anna Patterson). She has always been drawn to companies expressly chasing global audiences. 

“I think this is sort of related to my immigrant upbringing—I implicitly value things that create economic empowerment,” Bordetsky said. “I think Perplexity, in a way, is an example of that. They’re all about connecting you with information, access to knowledge. And access to intelligence and information is a form of economic empowerment. That was the original economic catalyst of the internet and the open web, and I think AI has the potential to allow us to really learn new skills, learn new languages, and learn very quickly in a way that creates opportunity.” (Fortune has a partnership with Perplexity.)

Bordetsky believes we’re in the midst of an AI consumer renaissance, and that consumers are now curious, willing to try new things in a way they may not have been in the past. Gen Z, in particular, is illustrative of where things are heading. 

“I’m still shocked at how quickly consumer behavior is changing right now, in shifting toward AI-first products, and specifically AI answer engines,” she said. “I’ll name two statistics that blew me away. One, basically 95% of Gen Z already uses AI tools at work every single day. So Gen Z is the tip of the spear for adoption, as every new generation is. But that shift is pretty remarkable. Second, today, over 60% of Gen Z and millennials actually start search on AI tools, not Google. And that’s two years into that AI transition.”

Fortune asked Bordetsky: What’s next? She expects we’ll see more creative tooling, more democratized software development, and especially, more personal assistants.

“What’s next is that we’re all going to have a J.A.R.V.I.S. [the fictional AI butler in Iron Man] or really amazing chief of staff in our pockets,” she said. “What’s next is we’re each going to have a really smart assistant helping us navigate our day, helping us be more productive … Imagine a world where, rather than being tied to our phones and screens, we can actually step away because an AI is doing the work for us.”

Term Sheet Next is a new series from Fortune’s Term Sheet team, spotlighting the rising innovators and dealmakers shaping the future of finance and tech. Our goal is to answer the questions: Who’s next and what’s next?

About the Author
Allie Garfinkle
By Allie GarfinkleTerm Sheet Editor
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Allie Garfinkle is a senior writer and editor at Fortune, where she runs Term Sheet; leads coverage of private capital, investors, and startups; and co-chairs the Brainstorm conference series.

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