Lightning Capital has announced the launch of a $100 million "AI Ripple Effect" fund aimed at early-stage investments in startups exploring the secondary impacts of AI. Michele Griffin, a former partner at Andreessen Horowitz, has been appointed as the fund's managing partner and COO. The fund will focus on industries and infrastructure adapting to AI's transition from experimentation to practical implementation. Additionally, it will offer secondary market strategies and flexible liquidity options for family offices and corporate investors.