Marco Bitran’s Latest Venture, AI Exchange, Inc.
Businessman, innovator, and entrepreneur Marco Bitran set his sights on alternative investment strategies in 2011 with start-up AI Exchange, Inc., of Boston. The company, operating through subsidiary units AI Exchange Technologies and AI Advisors, raised $1.5 million of venture capital from CommonAngels and General Catalyst Partners, with additional participation from LaunchCapital and Founder Collective. Marco Bitran serves as Chief Executive Officer, and co-founders Charlie Hipwood and Rohit Vohra act as Chief Operating Officer and Chief Investment Officer, respectively. In Harvard Business School’s Second Annual Alumni Venture Contest, AI Exchange captured the New England Regional Round.
In separately managed accounts, AI Exchange offers its alternative investment strategies to financial advisors for their various clients. The advantages of the platform as designed by Marco Bitran and his colleagues include transparency, liquidity, client custody, portfolio diversification, and low investment minimums, often less than $100,000. The company’s proprietary technology integrates reporting with a client’s current system; standardizes information across managers for easy comparisons; and provides online commentary, manager presentations, and other videos. The sales team deftly guides prospective clients through the multiple manager options.
For managers, AI Advisors handles the trading, administrative duties, and back-end account processing and does not occupy manager-fund investment slots. The company seeks hedge-fund managers with a record of proven success over three years or more, a unique investment approach, long and short equity strategies, and comfort with transparency. They also must hold Securities and Exchange Commission (SEC) or similar state regulatory registration. Marco Bitran graduated from the Massachusetts Institute of Technology (MIT) with an engineering degree and earned an MBA at Harvard Business School. He founded his first start-up right out of MIT and continues to impress with his ever more ambitious ventures.