[Lightning Capital Launches $100M AI Fund, Former a16z Partner Michele Griffin Appointed COO] According to TechFundingNews, Lightning Capital has announced the launch of a $100 million early-stage fund called the 'AI Ripple Effect' fund and has appointed former Andreessen Horowitz partner Michele Griffin as Managing Partner and COO. Reportedly, the fund will invest in startups focused on the secondary impacts of AI as it transitions from experimentation to real-world applications, affecting industries, infrastructure, and work methodologies. Additionally, it will offer secondary market and cash management strategies, providing flexible liquidity options for family offices and corporate investors.