The 5 Bets Steve Greenfield is Making on Auto's Future

Welcome back to Auto Titans. This week, Diana Lee and Jamie Butters sit down with Steve Greenfield, General Partner at Automotive Ventures, to unpack how AI is rewriting the rules of software valuations, dealer operations, and where the smart money is headed next. In this conversation, Diana, Jamie, and Steve discuss how Steve built Automotive Ventures from a scrappy $7 million debut fund into a firm with nearly 60 investments, why SaaS valuations have collapsed from 16x revenue to 3x and what that means for founders raising capital today, how to build real defensibility in a market where anyone can vibe-code a prototype overnight, his five-bucket investment thesis spanning generative AI, robotics, autonomy, and alternative powertrains, and why Carvana's high-price, low-touch model might be the playbook the rest of the industry should study.