Recent Posts
Social•Feb 7, 2026
Market Size Irrelevant; Success Can Exceed Initial TAM
One of my biggest takeaways from talking to @dugsong and @jonoberheide: Market size doesn't matter. They ultimately sold Duo to Cisco for $2.35B, which was bigger than the initial TAM when they started the company.
By Turner Novak
Social•Feb 3, 2026
Standard Capital Helps Without Sitting on Your Board
"@Standard_Cap's whole model is that they don't need to be on your board to be helpful"
By Turner Novak
Social•Feb 2, 2026
Massive Pre‑Product Funding Could Bring AI To
Now that you can raise a 9-figure round pre-product, there's a non-zero chance we see a Super Bowl ad for pre-revenue AI company this year.
By Turner Novak
Social•Jan 29, 2026
Anthropic Chosen by 75% of New Startups
Insane data from @Mercury. Anthropic has quickly become the first model of choice for 75% of newly formed startups.
By Turner Novak
Social•Jan 29, 2026
Five Centuries of Venture Capital: A Visual Evolution
Cool graphic on how the venture industry has evolved over the past 500 years. h/t @pavelprata https://t.co/2CL76j0nvR
By Turner Novak
Social•Jan 29, 2026
Keep Re‑incorporating Daily Until Your Funding Closes
if you don't close your round in the first day just re-incorporate every day until you close
By Turner Novak
Social•Jan 29, 2026
VCs Can't Fund Ex‑OpenAI Founders Indefinitely
“VCs can’t just keep giving OpenAI employees billions of dollars to start a new company forever” VCs: https://t.co/lVyo5wnDoI
By Turner Novak
Social•Jan 28, 2026
AI Revolutionizes Enterprise Sales and Organizational Structure
New @ThePeelPod with @JacquelineSYC19 How AI is changing data, getting enterprise customers from cold emails during YC, building an AI BDR in-house, why most functions at @artie_labs report to the CTO (not CEO), and what it's like raising a Series...
By Turner Novak
Social•Jan 26, 2026
Zoom Jumps 10% as Anthropic Stake Finally Priced
Zoom is up 10% today, or about what its Anthropic position would be worth (I'd guess closer to 50x than 85x). It's trading at a $28B market cap as of right now, and its Anthropic position is probably worth ~$2-3B. Insane this...
By Turner Novak
Social•Jan 26, 2026
A16z Pivots to Crypto, Seed, Secondaries, Abandons Series C/D
Really interesting chart from a16z's latest State of Markets report: - a16z deployed $1.5B into crypto tokens in 2025. This looks to be majority of their increase in capital deployed between 2024 and 2025. - Also looks like a big jump in...
By Turner Novak
Social•Jan 24, 2026
AI's Rapid Progress Outpaces Bubble Concerns, Driving Profits
"There’s pockets of bubble-ish dynamics. But the technology is improving so fast, there’s so much more room to improve, and companies accelerating in AI are printing money."
By Turner Novak
Social•Jan 22, 2026
Deep Dive: AI Trends and Investment Strategies with Nathan Benaich
Fun convo going deep on all things AI and how to invest in it with the 🐐 @nathanbenaich
By Turner Novak
Social•Jan 20, 2026
Turn
if Indiana can go from losingest team in NCAA history to undefeated and CFP champion in two years, you can get to 3x DPI on the late stage SaaS portfolio you invested at 97x ARR in 2021
By Turner Novak
Social•Jan 18, 2026
Series B Startup Naming Contest Tests VC Knowledge
VC autism contest: Who can name the most startups that have raised a Series B. If you get a single one wrong, you’re eliminated at that number. Whoever gets the highest wins.
By Turner Novak
Social•Jan 9, 2026
A16z's Fundraise Could Hand $1M to Every American
With its latest fundraise, a16z could give $1 million to every American and still have $10 billion left over.
By Turner Novak
Social•Jan 8, 2026
AI Firms Dominate Q4 Secondary Market; SpaceX Returns to Top
The 30 most in-demand startup secondary shares in Q4 '25 (per Setter Capital) Big takeaways: - SpaceX is back at #1. It spent 2.5 years on top before Anthropic briefly surpassed it in Q3. - Little change at very top of the list...
By Turner Novak
Social•Jan 8, 2026
Kevin Hartz: Backing Teens, AI Bubble, PayPal Wisdom
New pod with @kevinhartz - why he backs so many teen founders - lessons from the PayPal Mafia - AI is the mother of all bubbles yet still underhyped - how Palantir, Xoom, and Eventbrite evolved from PayPal - sizing a hidden TAM - having kids...
By Turner Novak