Rationalisation is a meat-grinder to innovation. It takes a breakthrough idea, applies yesterday’s thinking (market is too small, no one is asking for it, bigger existing opportunies), and in the end it dilutes, delays, and destroys innovation. So, yes, Burn the ships.
Scrappy startup founders beating overfunded incumbents head to head in bake-offs https://t.co/8BZoeKUjM6
Most companies try to grow by adding more things. The real unlock usually comes from tightening the loop that already exists. When the feedback gets sharp enough, even old products feel new again.
One conversation I keep having with founders is about how and why these AI momentum rounds keep happening. A few of them have asked me why Company X was able to raise a big round based on a short window...
YC’s goal: make all the mega funds 5x+ net DPI (And all the other funds small and medium sized too) If that happens there are a lot of happy founders. Thousands. Tens of thousands.

Here’s a fun artifact: @Jason grilling me (age 28) about my startup, convertible notes, and working 7 days a week along with @arrington A prequel to YC Garry, pre-15 years of hard knocks, didn’t figure out yet I shouldn’t get...
Every successful founder I know is still asking why like a toddler who just discovered speech. The ones who stopped? They are in bd or corp dev right now.
If you want to know the values of a VC firm, look at the companies they choose to back.
In this TWiST Flashback from 2017, Vlad Tenev regales Jason with the early history of Robinhood, and explains the secret to their immediate runaway success. The key to Robinhood's early success was simplifying the experience. Financial transactions were always subject to...
Companies like NVIDIA were creating increasingly powerful chips known as GPUs mainly to power up video games with more lifelike immersive graphics and performance. Little did they know, these same chips would one day power the trillion dollar data centers...
Here's why extremely cold liquids are the key to taking us deeper into space. Meet Ben Schleuniger of Orbital Operations a startup building a new kind of space vehicle, designed to tow objects from Low Earth Orbit (LEO) into an higher-up...
My biggest heartbreak ever as a founder: if my CTO and I could have gotten along better. Because we'd both be billionaires, running a great public company together. I tried. I know so much more today than I did then....
Gen Z founders are printing money in niches VCs can barely spell; early preseed backers are becoming legends quickly!

I love seeing agencies print profits. Live on @acquiredotcom: AI-powered performance ad agency helping brands grow with media buying, creative, and funnel optimization. > $1.7M TTM revenue > $620K TTM profit > 35% YoY growth Full listing: https://t.co/WAfvxsRcZs https://t.co/9BpLwk8kmq

well there goes my new fund rebrand 🥹 https://t.co/cgCoBxAIQW
VCs beefing about other VCs on a VC podcast might just lead to recursive self-improvement
A SaaS company's gross margin is a key point of discussion in any M&A or capital raise transaction. As such, any SaaS founder looking to engage with potential buyers should ensure that they've properly classified costs related to the calculation of...

Now live on @acquiredotcom! You can now manage multiple and sell multiple startups from one account. Just click "manage startups" and then the "+" sign to create a new listing. Check it out and share any feedback! https://t.co/eWLANLahNZ
Thrilled + lucky to count @ScottWu46 founder CEO of @cognition as part of the growing Lux family...
This week's episode is mostly about robots. Kyle Vogt is one of very few entrepreneurs to found 3 business valued at over a billion dollars - Twitch in 2006, Cruise in 2013, and The Bot Company in 2024. If you've caught any...
https://cnb.cx/47Q6g5l
People need to feel a benefit from AI. That benefit must be enabled, not blocked, by the government. The real test of leadership in this moment isn’t whether governments can regulate AI, but whether they can enable it responsibly.
Excited Donna Boyer has joined us as a venture partner She's been part of the 鸞 posse for a long time, so it's cool to make it more official. Donna is focused on meeting early stage healthcare startups, plus has...
I’ll say it again - boards that don’t move could be sued in Delaware for staying - and exposing shareholders to uncapped securities claims.
yes

Tech IPOs are back, but still a fraction of what they were in 2019-2021 So far at least Per @Accel https://t.co/X03zYIBDyp

Enjoyed fireside chat w Henry Kravis, founder of @KKR_Co at @stripe Discussed spotting and hiring talent, buying and running companies, and philanthropy We will post full video on YouTube shortly https://t.co/8AxIEhDCCX
📊 Live B2B/SaaS Market Multiples - Tue, Nov 11 Growth drives valuations in today's market 💰 📊 LIVE B2B MULTIPLES BY GROWTH: 🚀 High Growth (30%+) 27.8x ARR ▓▓▓▓▓▓▓▓ 🔥 Moderate (20-30%) 13.3x ARR ▓▓▓ 📈 Lower (<20%) ...

Groww is now officially listed https://t.co/ZrNGYCTIaJ

Today we celebrate Team @_groww often called the Charles Schwab or Robinhood of India — now the largest stock brokerage platform in the country, built in just 5 short years. 🇮🇳📈 Lalit, Harsh, Ishan, and Neeraj started Groww after leaving Flipkart in 2016 with one...
Why a16z, Lightspeed and General Catalyst Cannot Go To LPs and Be Confident of a 5X Net: "@ravi_lsvp, @pmarca @bhorowitz cannot go to LPs and say with a straight face that they can do 5x net. If you look at the...
Why AI Labs are the Biggest Risk to App Layer Companies: "The biggest risk for app layer companies is AI labs. The labs are creating apps, they're creating more value via the models and they're giving them directly to users. As an...
If in their first 14 days, or at least first 30 days:, your new CRO / VP of Sales hasn’t: #1. Brought on at least 1 new great sales rep And #2. Fired 1-2 of the worst reps, They are just way, way,...

A founder recently asked: "If you were starting or joining a startup today in AI what segments would you look at?" My reply: https://t.co/4ZOwPIEjja
The first time I met Maxime Germain back in 2019, I knew that NextView Ventures just had to invest in something he builds. His exceptional design sensibility, deep product intuition, and clear vision for how technology should feel immediately stood...
If your customer interviews don't make you sweat like you are asking someone to prom, you probably are not asking real questions. Founders who stay comfortable, stay poor.
Tech startup founders who digitized entire industries are basically time travelers who went to 1990 and whispered "trust me, the fax machine will die" to VCs!
Why Margins Matter Less in a World of AI and We Should Focus on Gross Dollar Per Customer: "We should not be placing that much emphasis on margin today. We should try to understand what does the terminal gross margin structure...

CONGRATS to 776 co @RiversidedotFM which we seeded 5 years ago when they were just starting out — wow what a run, and still just getting started. https://t.co/0AJtwZZqg2

I love crazy ideas like this. Live on @acquiredotcom: Fast, realistic online receipt generator. Built for personal or entertainment use, grew to $141K profit, solo-run, 95% margins. > $142K TTM revenue > $141K TTM profit > 33% MoM growth Full listing: https://t.co/1Xnal0Qk2L https://t.co/hQw31Th9SE
BUT WHY BACK NEW VC FIRMS? ISN'T IT TOO RISKY? "If you're trying to remove all of the perceived risk in a venture investment, you're just removing the alpha from it" - Screendoor MD Lisa Cawley, CFA https://lnkd.in/gwKunPg3

Claude is so good at helping you analyze your portfolio Better than any human I've worked with yet, that's for sure https://t.co/w6lYLtv7al
I've really enjoyed my time serving as a GP Advisor and an IC member at Screendoor. One of the best parts of the experience has been getting to meet great fund managers like Ashley Smith and Liu Jiang, and spending...
Biggest Investing Lesson from Mary Meeker: "She is the most qualitative investor I have ever worked with. She lays out all the sequential numbers historically for a company and then all the numbers going forward. She's seeing what the company will...

Think of rare earths as a three step process. Step 1: mining and extraction Step 2: refine into oxides Step 3: manufacture value added products (like magnets) Steps 1 and 3 are being done in the US now. Step 2 is our Achilles...
If you're at a16z and want to back honest and courageous founders who care for the common good and ask themselves how they're making the world a better place, @fiftyyears is hiring. DMs open.
Lux is thrilled + lucky to back Pavel Gurvich (@PashaGur) + team in their new company @Tenzai_Labs $75M w/friends @ Battery, Greylock, Swish amazing cyber geniuses 🦸💻building agentic penetration testing platform that continuously hacks, exploits, + fixes vulnerabilities…
It's (finally) here: I've emerged from the wilderness with a 59 page report, a herniated disc, and a better understanding of AI's impact on finance. I'm proud to present to you our most comprehensive report yet. What follows is a deep...
Tomorrow I'm speaking twice (in the space of just 90 mins ) at Web Summit. Talk 1: Becoming an AI Company, 10:35am, Stage 5. (this is largely about transitioning a business from one world to the next, if you're a...