A quick summary of what you can and can’t replace with AI today: - Outbound SDRs: you can replace most SDRs with AI today, possibly 100% … but you still need humans managing it and training it. Every day. IF you truly go deep, train a platform, and orchestrate it >dailydailylot< of orchestration. - Customer Success. We need better AI platforms today, but we don’t need 60%+ of the CSMs we have today. CSMs that don’t solve problems and just do QBRs without adding true value are not necessary in the age of AI. You can probably move on from them today. - Account Execs: You still need 70% of them. This should change in the next 24 months for in-bound, but we're not there yet. Field and in-person sales? Who knows. - Engineering: I’m not seeing that AI lets you reduce net headcount here at all. Instead, what I see overall is a 20%-40% productivity boost, net net. And far more for prototypes and proof-of-concept production. But it becomes an arms race. Everyone is more productive, software is shipping faster, so you need more great engineers than ever. It’s a cracked arms race in product development today.
In the early days, momentum is your only unfair advantage. You do not have brand, you do not have money, you only have motion.
Founders to other founders after getting acquired on @acquiredotcom: https://t.co/jNNJMByjik
CoreWeave might be the most interesting company in the public markets right now. They’re growing 134% quarter-over-quarter - an absolutely insane rate - and rewriting the playbook for scaling a multi-billion-dollar AI infrastructure business. Tomorrow, my interview with their CFO...
Jason @ Sequoia in SF, Polymarket comes to US https://t.co/G3OCHJBvEI
I'll take the counter. If you're a strong company, anytime is a great time to raise. I've had companies successfully raise at this time. But, if you're good but not great, deals go to die during this time. I've seen it...
When I was a founder, I got conflicting advice about startup work hours. "You must work 80-hour weeks to succeed!" vs "Work-life balance is possible! But, it's nuanced. After years as a founder and now as an investor, here's what I've...
Stoked to announce our investment in Unlimited. Alex and Tara and team are a force. Watch this space.
You can just annualize anything these days, you guys… The latest “ARR” crime I’m seeing is in the prediction markets. When talking about the break neck growth of platforms like @Kalshi and @Polymarket , which let you “bet” on anything,...
We are in the midst of one of the most exciting moments in history and the next generation of AI founders are just getting started. Today, we're opening applications for Notable Capital ’s 2026 NextGen AI Fellowship, an 8-week summer...
While OpenAI signed $1.15 trillion in compute contracts through 2035, DeepSeek trained a frontier model for $6 million. This was 2025’s central question : are we building on bedrock or quicksand? The top 10 posts of 2025 examined some of these...
We're grateful for founders like Patrick Fingles who rival us in the amount of energy they bring to a transaction. Special thanks, Patrick, for sharing your firsthand account of selecting a bank to represent you and the executive team at...
This week on Uncapped I had Trae Stephens , partner at Founders Fund and co-founder of Anduril. We talked about choosing good quests in the AI era, ethics in tech, Anduril and the future of warfare, how Founders Fund operates,...
As long as all newly founded startups prefer your product, don't worry about competitors who can convince larger customers. You'll own all future cohorts of companies, and that's more than enough. Plus in practice you'll eventually convert the old cohorts...
A startup told me that one of their investors didn't like it that they were selling to newly founded startups, and wanted them to sell to bigger companies, who have more money. If investors tell you this, write them off...
When describing a startup it's usually better to use verbs rather than nouns. Say what you do rather than what you are. Not because it sounds more dynamic, but simply because it's clearer.
Don't fear competitors who've raised a lot, unless you can say precisely how all that extra money is going to make them beat you. E.g. if ads are the only way to acquire users, and they can buy all the...
A few months ago, I wrote about being voicepilled after experiencing the magic of AI-powered voice-to-text. Today, I sit down with @WisprFlow Founder @tankots to ask the question: “What if we could get rid of keyboards?" Tanay is ushering in...
As the CEO, it can be easy to stress about the next mountain to climb. Take a look back every now and then to remind yourself (and your team) about all the mountains you've already climbed.
A year of smoothly exponential growth, and then suddenly it stops working. That has to be demoralizing. But the startup toughs it out, and five months later growth is back. https://t.co/tQM44KNJXY
Absolutely stoked to announce that David Meline has joined us on the Board of Lux family co @EikonTX David was: CFO Moderna CFO Amgen (2014-2020) CFO 3M (2011-2014) CFO GM (on 5 continents) and serves on the Board of HP, ABB, Lonza Group + the...
@bhorowitz: ...bldg a co is xtremely hard & culturally, we want to have the ultimate respect...we don't want to waste any entrepreneur's time & so that's your most important thing... every time I have to like go to the meeting,...
How quick a team experiments is a good indicator of team quality.
Is using company credit card points for personal travel a perk of the job? Or is it FRAUD?! A lot of founders see spending the points accrued from a company card on a personal vacay as essentially innocent, a way...
So one of the weirdest calls you'll get as a founder is when a BigCo out of the blue wants to talk about acquiring you. Literally out of nowhere. Now, sometimes it's for real. Sometimes, it's the start of something. But if...
While we at Version One Ventures have been around for 13+ years, 2025 was definitely one of the most fun: 9 new companies (8 of which have hardware!), liquidity for LPs, and 2 new funds 👀 to back even more...
The biggest prediction market in America just raised a billion dollars. The real story didn’t start in a boardroom. It started with a kid in New York arbitraging a 28-second delay in a South Park episode. That moment exposed something...
There's 2 types of time in startups: 1) time to do something (you control that) and 2) Calendar time - the time required for a customer to buy and be successful. You can't control the latter, and this is a...
We just helped a founder exit for $1,250,000 on @acquiredotcom. Business was a bootstrapped SaaS. Multiple 4.7x profit. Took about 65 days from listing to close. Another life changing outcome. https://t.co/z3cU78jzi5
Another awesome @acquiredotcom webinar tomorrow. We'll be showing buyers and sellers how preparation, documentation, and clear communication make deals move faster. Register here (you'll get the recording): https://t.co/9GxFHTo3dz https://t.co/tAD5US18j5
"You're ruling out a bubble bursting?" @reidhoffman: "Yes" https://t.co/LfVBBbZfsf
This is the most interesting infra company I have met in a long time Exciting to be leading their $300M round via Elad Gil & Co https://t.co/MQuO3ksdrk
Any Heads of Finance looking for a new role? AirGarage, Series B stage portfolio co building a big business in an overlooked market, is looking. DM the CEO, @jonathonbarkl, if that's you. :)
I was talking with a CFO last week who had what most GTM leaders would kill for: a perfectly defined market. Their company sells software to independent financial advisors. Not the ones at Merrill or Goldman... the 76,000 registered with...
"If you see something below the standard, and don't correct it, you've set a new standard." ht: @bhorowitz
I’m excited to share that Vista Point Advisors is opening a new office right in the heart of New York City! This is a big step for us as we keep growing and getting closer to the amazing founders, investors,...
From fringe to mainstream, prediction markets are now part of everyday culture. @Kalshi has created a new asset class and fundamentally changed how people engage with future events. Congrats to @mansourtarek_, @luanalopeslara & team. @Sequoia is proud to be on your...
another reminder folks - plz don’t start a non-profit if you want to build ai products, it literally makes no sense, you will have to do the awks conversion or spin out a newco don’t invent complicated legal structures that add...
BOOM let's go Wealthfront https://lnkd.in/gF5iacam
When a VC tells me they own 10% It's usually like 6%-7% It's the VC version of optimistically rounding up
Zoho’s business would be first to be competed away by people building their own custom software built by people using @Replit @emergentlabs and @Taskade Why pay $30/seat/month for over bundled SaaS when soon even nontech ops ppl can vibe-code a...
One-to-many software companies might not exist in 3 to 5 years. Software production is en route to becoming abundant and free. When one component of production becomes abundant and cheap, value accrues to what remains scarce scarce and difficult (e.g. those...
Huge opportunity for someone to create a membership club like SOHO house for airports There are 100,000 people who would pay $5,000 a year — $500m — in the USA to have lounges at the top 100 airports I guess...
Nuclear Rivalries & Hadrian’s Fresh Funds: Defense Investors' Year-End Bets https://t.co/X75Amdor1M
Boom!! Proud @saastrfund has been an early investor since pre-seed!!
Thank you Jordan Nel for telling the Version One Ventures story better than we could 🙏 and the ~200 founders who welcomed us on their journey so there'd be a story to begin with 🩷 Lots to write still... and...
Announcing another @usv robotics investment!
Stuart Faught has sold 18 startups (yes seriously) on @acquiredotcom totaling millions in closed acquisitions. Here's how he makes that happen: https://t.co/cLIHwCEGgj