General AI Learning Enables Robots in Unseen Environments
It’s easy to normalize rapid progress, but it’s worth pausing to appreciate how far we’ve come. We now have systems that: 🧠 learn end-to-end 📚 transfer knowledge across domains 🌍 operate in new environments with no explicit programming From vision to language to robotics, this same general learning paradigm works - even if we don’t fully understand why yet. @Physical_int founders @hausman_k & @jtspringenberg joined us on Training Data to discuss a future where robots can operate in environments they’ve never seen before - and do real work for hours at a time.
Anthropic Hits $350B in Record 4.5 Years
Anthropic from 0 to $350 Billion Valuation. Is this the fastest ever from founding? The data says yes. Time to $350B: 🥇Anthropic: 4.5 years (founded 2021) 🥈OpenAI: ~10 years (founded 2015) 🥉SpaceX: 22 years (founded 2002) Anthropic is reaching SpaceX-level valuations roughly 5x faster. Even crazier:...
Big AI Firm Should Acquire Tailwind, Retain Its Developers
One of the big AI companies should consider acquiring Tailwind, or do a strategic investment. And maybe rehire all the devs. They’ve given the ecosystem so much.
Prioritize Purposeful Quests Over Pure Returns
I want great quests, not just great returns - companies I’ll be proud to tell my daughters about because of how they changed in the world for the better. IIRC Founders Fund coined this "choose good quests" meme and I...
Wealth Tax Flaws Highlight Need for Smarter Policy
Rep. Khanna reached out to me to discuss the proposed California wealth tax; and while I am against the proposed tax, I'm always open to dialogue with our elected leaders. The proposed CA wealth tax is badly designed in so many...
AI Wealth Strategist Offers Elite Strategies Free
The founders of Paperspace (YC W15) just announced Autonomous (@a____t____g), an AI-native wealth strategist that brings elite strategies used by the ultra-wealthy, now available to everyone at 0% advisory fees. Millions of people already ask AI what to do with money....
Storytelling Powers Finance Leadership in Modern SaaS
Storytelling is often an underappreciated strength of a great finance leader, and Samsara 's Dominic Phillips is one of the best. Tune in to tomorrow's Run The Numbers to hear some bangers and learn more about building a durable finance...
Speed Replaces Moats: Gaps Define Today's Leaders
There are no moats anymore. Yesterday's product moats are today's Claude prompts. There are only current gaps, headstarts, and leaders and laggers. And there is speed. No one can rest on their laurels. Act accordingly.
Five Years of Growth Leads to Strategic Exit
After Sarah Rowell and Scott Mackenzie spent five years increasing Kantola Training Solutions' revenue, client retention, and learner engagement, they saw the market starting to consolidate and decided to make a strategic move to maximize value; either through acquisition or...
Global Founders Drive Innovation; Scaling Worldwide Is Essential
2025 reinforced what I've always believed: the best ideas and founders emerge from everywhere. We at Notable Capital backed founders building companies that transcend borders and categories—I am excited for dub and K Health for democratizing financial investing and personal...
Seeking Series A+ Leaders' Feedback on Cursor 2.0
A portfolio co is building Cursor 2.0. If any Series A+ founders or eng leaders are open to sharing early feedback as a favor for me, DM me. :)
Europe’s Booming Entrepreneurs Signal Strong Investment Opportunities
If you are not bullish on Europe right now I can categorically tell you, you have s*** dealflow and need to improve. Never been more great entrepreneurs building mega European businesses.
Project Europe Poised to Lead EU Entrepreneurship
Project Europe has been live for 10 months. 12 Project Europe companies. 4 have raised significant up rounds from Tier 1s. 1 has been acquired by category leader. Never been more confident that Project Europe will be the dominant entry...
Choose Speed over a Higher Multiple for Faster Exit
Every day a deal stays in due diligence is another day for "market events," "cold feet," or "competitor moves" to blow it up. For a fast-growing marketing agency recently listed on @acquiredotcom, the goal was a premium 3.8x EBITDA multiple. We hit...
Liquidity Gap Lets Jensen Pay Estate Tax, Others Can't
Jensen is liquid. As odious as the precedent is, he can pay it. His competitors, startup founders, are illiquid. Their paper valuations can't be cashed in. Even a "five year payment plan" wipes them out. Clever framing designed to normalize the estate...
Build Trust with Prospects to Boost Acquisition Odds
Getting to know potential acquirers in your space does increase the odds they acquire you — if you do it for the right way. Why? Because it builds trust. And a big part of M&A is trust. Will the team we just...
History Guides Real Insight Into AI Investing
I sat down with @mjmauboussin to connect his unconventional career to Runnin’ Down a Dream—then used history, not hype, to frame the current AI investment world. Pre-order the book to unlock the full video here: https://t.co/HlNDfpEy66 #runnindownadream https://t.co/AhjQL3BGAO
Variant Bio Launches $200M‑plus Pharma Collaborations with New Platform
1/ Big news today from Lux family co Variant Bio 🧬📈@VariantBio Announced its new Inference platform is now available to research partners + has collaborations with several pharmaceutical companies in deals totaling more than $200 million including Boehringer + Novo...
Roofle Acquired by SalesRabbit: A New Growth Chapter
Congrats to Travis Harvego , Joe Hoffman , and the ROOFLE team for their recent acquisition by SalesRabbit . Best of luck as you kick off the next stage in your journey. Glad we could help. Check out the press...
Stop Parenting Your Startup; Treat It as an Organization
Your business is not your baby, child, or another human you are in a relationship with. It is an organization. That distinction matters more than founders want to admit. Organizations exist to convert decisions into outcomes at scale. They rely on clear...
Real‑World M&A Lessons: Offer Private, Objective Guidance
I’ve been around long enough to see how most M&A paths actually unfold. Some work exactly as hoped. Others resolve quietly. A few fall apart late for reasons that never make it into a postmortem. I’ve been on the acquiring side, the...
Effective Strategy Demands Painful Trade‑offs and Clear Ownership
strategy should hurt. if you aren't making painful trade-offs, you haven't prioritized. • one goal, one owner • shared ownership = no ownership molly graham on @lennysan: https://t.co/RW7eAWk6kI
Predictable Revenue Drives Higher SaaS Valuations
Valuations of software companies are highly dependent on the predictability of revenue. In other words, different classes of revenue are valued differently depending on their predictability. The more predictable, the better. To help founders distinguish between the different classes of...
Inflated ARR Misleads Investors and Cash Flow
An issue I’m seeing pop up with new AI companies - they pay reps on “ARR” that’s really a series of three month pilot deals. The rep sells something for $3K and they call it $12K in ARR. Oh, and...
Prepare Your Startup for Exit, Not Luck
Not every startup is ready to sell the first time it hits the market. In 2022, a founder listed a promising startup on @acquiredotcom that went nowhere. No real buyer interest. No momentum. The issue wasn’t demand. It was structure. So they...
Show AI Benefits and Address Fears to Win Race
A good reminder that outside of the tech bubble, we must expand our efforts to (1) show tangible AI superpowers to many people, and (2) address the concerns and fears they have about AI growth, both environmentally and economically. Failing...
AI Accelerates Design: 3‑D Renders in 30 Seconds
💥 Now that we’ve packed up the holidays and turned the corner into 2026, it’s a good time to take stock of the spaces we live in. This The New York Times piece highlights how Havenly Brands (Havenly, Interior Define,...
Even Passed Deals Can Become Lasting Favorites
If you’ve been investing long enough, you’ve passed on a few companies that still stick with you. @tryramp is one of mine. I saw the seed round and could’ve led it, but passed because we’d already backed a company that MIGHT...
Engage Multiple Buyers to Maximize Synergies and Outcomes
Different buyers value companies differently. Only by talking to a broad spectrum of buyers will you ensure that you: * Uncover all potential synergies * Make the process hyper-competitive * Unlock the best outcome #founders #pathtoexit
LLMs Poised to Become Tomorrow’s Hidden Infrastructure Layer
Will today's leading foundational LLMs be the DEC,Cray, Wang, Radio Shack, Sun, Data General, Compaq, etc of tomorrow ? GenAI LLMs want to be the operating systems of today and tomorrow. It's possible they will be the CP/M, DOS,...
70+ and Thriving: Backing Innovators, Learning Fast
At 70+ I feel like I'm thirty backing exciting innovators/innovations making the impossible possible and from improbable ideas to world-changing socially impactful companies. Never had such a fast learning rate in my life or felt I could have so much impact, which is exciting. https://t.co/3BTsDx4Gr7
AI Erodes Speed Advantage, Judgment Now Matters Most
AI removed the natural friction that used to separate thinking from output. Writing, design, analysis, code, and planning now move fast enough that effort is no longer a credible signal. When anyone can produce something quickly, speed stops being impressive. What...
Envisioning 2050: Past Predictions Shape Our Future
Here are my predictions for 2050 (the world we can create) two years ago at TED and at our CEO conference:
Niche Micro‑SaaS: $120K Revenue, $106K Profit
Love when founders go ALL IN on a niche problem. High-margin SEO micro-SaaS dropped on @acquiredotcom. Proven demand with low operating costs and recurring revenue: > $120K TTM revenue > $106K TTM profit > $185K asking price Full listing: https://t.co/wEmZSNHIYp https://t.co/H2P0UFshLo
Top Operators Guard Conviction Like Capital Preserves Cash
The best operators conserve conviction the way capital allocators conserve cash.
Winning Obsession: Why Founders Must Sacrifice Work-Life Balance
I have interviewed 1,000 of the best founders over the last 10 years. The top three: 1. Nik Storonsky (Revolut) 2. @awxjack (Airwallex) 3. @alanchanguk (Fuse Energy) All three share one trait. Unwavering obsession to win. We BS so many founders today because people hate what...
Strong Fundamentals, Not Subscription Model, Drive SaaS Sales
One of the biggest myths in SaaS is that if a business isn’t pure subscription, it’s not sellable. That’s wrong. A recent $4.5M cloud computing acquisition on @acquiredotcom proved it. This company didn’t have textbook recurring revenue, but it did have...
When Execution Is Cheap, Judgment Becomes the Bottleneck
Execution is no longer the constraint. As building gets cheaper, judgment becomes the scarce resource. Models can generate options endlessly. What they don’t accumulate is lived consequence. They don’t carry the memory of failed bets, abandoned paths, or tradeoffs that only made...
Every App Becomes a Self‑Coding, Shareable Platform
prior gen software products often added scripting languages/macros so that people can extend functionality (Excel being the most famous, but also modding in games, etc) what if every app becomes a vibe coding app? That is, in any app that you use...
AI & Space IPOs Set to Shatter Fee Benchmarks
Wow, here's an estimate of what investment banks made from IPO fees in 2025 2026 will blow these (already large) numbers away if OpenAI, SpaceX, and Anthropic hit the public markets (Someone tell the manager at Porsche of Greenwich to...
Embrace Risk: The Key to Bigger Opportunities
More risk is something most people are afraid of, and it's where the larger opportunity lies
Beta Tool Accelerates Startup Fundraising – Seeking Founder Feedback
Building a tool to help startups fundraise faster. If you're a founder planning to raise soon, DM me. Would love your feedback on the early beta. :) (I may delete this if I receive too many DMs)
VC Returns Collapse: Only 7% of Deals Hit 3x
Yes, M&A is back. More deals are getting done. But per @SiliconVlyBank, VCs make 3x or more their money on just 7% of them That’s way, way down from 22% in 2021, and even 15% in 2019 https://t.co/5oeZOGTpNr
Ask VCs Their Investment Odds to Save Time
It's totally OK to ask a VC at the end of a pitch meeting, "Based on what you know now, what are the odds you'd invest?" In fact, it can save a lot of time
Clean P&L: Your Ticket to Premium M&A Exit
Founders often focus on the product and the growth, but in the world of M&A, a premium exit starts with your books. For sophisticated buyers, clean financials are virtually mandatory. If a founder can't produce a clean P&L on demand, it...
Wealth Isn’t Exclusive to Entrepreneurs—Founders Just Have More Leverage
Saying that only entrepreneurs generate wealth is as mistaken as saying that only workers do. In fact founders, managers, employees, and individual craftsmen can all generate wealth. Founders do have the most leverage though.
Billionaire Tax Would Push Founders Out Early
In the future, should the UESF-UHW Billionaire Tax pass, startup founders like these would leave well before the valuation reaches $3B. (If founders have special founder class voting shares, that number is much lower — if you read the fine...
Hospitality SaaS Drives 20% Revenue Boost for Hotels
Vertical SaaS is crushing it! Live on @acquiredotcom: Hospitality SaaS helping hotels grow revenue by 20%+ through dynamic pricing and channel optimization. > $650K ARR > $675K TTM revenue > 250+ hotels using it Full listing: https://t.co/X1PgOV91Xs https://t.co/sz6jjMyyPV
US Investors: Back Iran’s Emerging Tech Talent
If YOU are American🇺🇸 (need not be Iranian or Persian) investor, family office, asset manager and interested in funding technologists, engineers, entrepreneurs when Iran is free and talented is and opportunity is unleashed…. Leave a comment below 👇
Even Experts Misjudge Tech Adoption Speed
Not all of my predictions have been right. In late 2000’s, I believed cellulosic biofuels could replace gasoline and oil at scale. That didn’t happen. I underestimated electric vehicles, assuming a critical mass of charging stations was hard. I underestimated how...