“It’s not AI that’s your competition. It’s your competitors using AI.” A real-world example from mortgage origination 👇 The frustratingly high cost to originate a mortgage (>$10K!) has persisted for decades. Except for originators on Vesta . Powerful stats from PENNYMAC earnings call: • 50% efficiency gain for loan officers • 25% faster end-to-end loan processing • 25% reduction in operational costs to originate If you’re originating mortgages without this stack -- you are at a significant disadvantage. mike yu Devon Yang Monica Raciti Doug Jones
Rules are the enemy of great returns -- but this is a very good heuristic for VC 👇 1⃣Founders with high agency 2⃣Encyclopedic about their industry 3⃣Who can materialize labor, capital & customers 4⃣Have "Count of Monte Cristo" motivation. Great pod by my...
The gap between what’s possible—and what’s actually built—has never been bigger. Excited to back entrepreneurs around the world building the future with >$15B in new funds - Apps, Infrastructure, Bio + Health, American Dynamism & Growth🚀 @a16z
It's 2026. The best financial institutions are quietly doing something that would’ve been unthinkable 5 years ago. They’re letting 20–30 year legacy contracts expire — and replacing them with AI-native systems of record. This time is different. Really. Why? *...