Today, Ben Johnson announced his new company, Tero ( https://www.usetero.com/ ), and I’m thrilled that we at NextView Ventures are joining him on this journey. Read why we invested below 👇 There’s something uniquely powerful about a second-time founder setting out to build again. Experienced entrepreneurs bring with them the lessons – both the hard-won wisdom from past challenges and the confidence from prior successes – that prepare them for the next climb. The data backs up that serial founders have higher odds of success. But what’s especially compelling is when that next act happens within the same domain, where the founder can draw upon deep expertise, longstanding relationships, and an instinctive understanding of how the market really works. That’s exactly why our investment in Ben Johnson’s Tero is so special. We were fortunate to partner with Ben on his previous company, Timber, the creator of the widely adopted open-source observability project Vector, which was ultimately acquired by Datadog. So when Ben approached me not too long ago with his next idea, I immediately knew it was something I wanted to be a part of. Tero is tackling one of the most fundamental and costly challenges in observability and platform engineering: data quality. Modern engineering teams generate massive volumes of telemetry data across services, logs, and metrics. But a surprising percentage of that data is redundant, low-value, or outright waste… slowing systems, inflating costs, and eroding trust in the tools meant to provide clarity. Tero is building the intelligence layer for observability: a context graph for enterprise observability data that enables teams to finally answer critical questions like “How much of our data is waste?” and “Which services are generating it?” The most elegant part of the product? Engineers can remove that waste with a single click directly inside the tools they already use without any infrastructure changes. It’s early days, but the vision is clear: to help engineers take back control of their data and restore trust in observability. With Tero, Ben is joined by Nihar Singhal , a former colleague from SeatGeek and a familiar face to the NextView team. Nihar brings deep go-to-market experience and complements Ben’s product and technical strength perfectly. In conjunction with today’s launch, Tero is announcing a $2.6M seed round led by myself on behalf of NextView Ventures, alongside our friends at Founder Collective . It’s a privilege to back Ben again, this time as he and Nihar set out to redefine how enterprises understand and manage their telemetry data. We’re proud to be partners in helping Tero bring trust, clarity, and efficiency back to the heart of observability.
The best founders are relentless problem solvers. They have founder-problem fit; but more importantly, they have an innate desire to just keep solving whatever the next problem is. Founder-problem fit matters. But relentless problem-solving wins.

Typical equity rich, cash poor founder on https://t.co/E5wtQ9xial $370B net worth, but only $19M liquid https://t.co/oF2st2owCX
ElevenLabs will probably be worth more than Twilio by mid-2026 Really seems like a missed opportunity there
There are a lot of types of co-founder relationships that can work. But the ones I’ve seen w/ the highest success rate are when the co-founders have immense trust from having known each other for a long time AND are...

People underestimate how profitable “soft skills” businesses can be. Live on @acquiredotcom: A 15-year social skills training platform built on live, coach-led practice. > $561K TTM revenue > $275K TTM profit > 4,400 active members Full listing: https://t.co/woKnEzxZXN https://t.co/Ejax6k1Lqx
So at the end of the year I wrote an investment down to $0, my biggest write-off so far. $4m to $0. But my co-investor? He marked up his investment. From about $15m to $30m. How is this possible?...
If I were starting a product-company today, I would first start by building an audience that’s relevant to said product before even thinking about the product. Way easier to build and sell if you have close rapport with future potential...
For 11 years, I’ve sent a weekly newsletter. Five hundred seventy-two issues built around links people consistently tell me they actually read. That cadence works. I’m keeping it. But frequency isn’t the same thing as usefulness. A lot of operator...
People often think social posting is most beneficial for consumer products, but being a thought leader as the CEO of a fintech, developer, or SaaS company also pays off big time.

There are 7 days until Founder Friends Seoul. @ericbahn will be chatting with Ethan Cho and you know is gonna be a great chat when two super unhinged, honest, and hilarious humans hang. If you're in Seoul and free Jan 20, save...
Hot take: 90% of "AI features" shipping in B2B right now are terrible. The companies winning are doing something completely different. Come to SaaStr AI 2026 May 12-14 and learn what actually works from founders with the receipts. https://t.co/Ff7DKVt1H2
What are the basic milestones of a process (M&A or capital raise)? 1. Pre-marketing Complete the marketing materials (information packet and buyer list) and get your house in order. 2. Marketing Reach out to buyers, execute NDAs, and share marketing...

Two upcoming events worth checking out for anyone building or investing: 🤝🇰🇷 Founder Friends Seoul - January 20, 2026 A space to connect and learn from each other. No pitches, no pressure. ⛺️ Camp Hustle 2026 - May 11-13, 2026 An oasis...
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...
Yes, VCs often have a “liquidation preference” But there is also a “founder preference”. It’s called retention payments, which can often be eight figures on top of any return from common. And are often structured in a way to...
" Everyone has domain knowledge in their head that is not monetized yet." @amasad of @Replit on the explosion of niche, decentralized entrepreneurs: https://t.co/Fd5FhtZSOG
Old rules: Around Year 5, the Competition Catches You in Whatever Made You Special Around Year 10, you have an Existential Threat. The tech world has changed so much, what you started with is sort of irrelevant. Today, with AI, often happens...
Juniper returned $7b+ to Kleiner's ~$500m fund ... I think it was 2500X but often ignored. Only player doing TCP/IP for the public internet in 1996 when every telco customer wanted ATM. If Juniper had not started the internet likely...
In retrospect, Sun as the beginning of a different kind of startup, the SCRAPPY but ambitious startup, from 20’s year olds without credibility or big connections. We beat the establishment startups like Apollo that had martini’s for lunch, had raised...
My take on California’s “One-Time” Billionaire Tax. It’s much worse than it looks. 📉 Will it pass? Yes, likely. It only needs 50%+1 voter approval. SEIU + CTA have done this before—Prop 55 won 63% in 2016. ⚖️ Will it...

Plugins + SaaS print money. Live on @acquiredotcom: All-in-one website design plugin for Squarespace freelancers and agencies. Faster builds, no custom code, sticky subscriptions. > $340K TTM revenue > $223K TTM profit > 39% YoY growth Full listing: https://t.co/Y8gnOYsd82 https://t.co/kiUkoUUPCu

Salesforce, Datadog & Epic are building walls. After two decades of flourishing through open APIs & data portability, the software industry's largest incumbents are locking down. https://t.co/7n6Tio3aJK
Build your startup like you’re going to run it forever but prepare it so you could sell it tomorrow. > Organized books > Standardized operations > Product that works without you That’s how you create real leverage with buyers.
Everyone’s focused on Brin and Page fleeing California. But there’s a ticking time bomb buried in the billionaire tax: Mark Zuckerberg may be facing a $49 Billion tax bill he literally cannot pay. 🧵 The California billionaire tax has a provision that...
The one hire I don't need, and none of my portfolio cos need, is a "Strategist" I know at certain stage in many folks' career, that's what they want to do Advise on strategy more than do work themselves No criticism But most startups...
65 days ago this founder didn’t know if their SaaS was sellable. > Bootstrapped > 3 serious offers > Structured advisory process Yesterday they closed for $480,000 on @acquiredotcom. https://t.co/IHlzfr48zL
Grateful for a16z’s support which started nearly 12 years ago when they led Product Hunt’s Series A. Congrats on the fresh $12B, team. :)
It’s true that we divested both Groq and xAI. I wouldn’t have mentioned this except for the fact that the MSM continually lies about this, claiming I took a government role to make money when in fact the opposite is...
I did office hours with a startup yesterday that I ended up advising to (a) decrease their growth rate and (b) spend the money they've raised faster by hiring more people and paying them high salaries. Possibly the first time...
Larry and Sergey can’t stay in California since the wealth tax as written would confiscate 50% of their Alphabet shares. Each own ~3% of Alphabet's stock, worth about $120 billion each at today's ~$4 trillion market cap. But because their...
With its latest fundraise, a16z could give $1 million to every American and still have $10 billion left over.
When you're going to sell your business or raise capital, what should you expect from management presentations? Generally, you should expect those meetings to be friendly. Buyers will be asking questions, but they're also trying to sell themselves. The main...
Are you a company looking to raise their Series B? I spoke to the king of the category, Jason Kong from Base10 Partners . Every day he wakes up and works with founders in this zone, which straddles traditional venture...
📣 Best opportunity out there to work with my dear friend and the OG Josh Kopelman at First Round Capital . Reach out if you fit the bill to the link below not me.
1/ Personio's CRO Phil Lecor built an AI-powered GTM in 6 months. From nothing to all-in in 180 days. $8.5B company. 400 salespeople. 15,000 customers. Here's what actually worked (and the mistakes to avoid): 🧵 https://t.co/qhDbuFmAxS
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
Best things to do when .. you don't know what to do: 1/ More time w/existing customers. Meet 5/mo IRL. 5/week on Zoom. 2/ Hire 1 great VP 3/ Drive down churn. You grow faster even w/o more leads 4/ Join more sales calls....
Just committed to back a fund led by a founder I admire. If you’re an LP and curious to follow along. 👇🏼 Will share next week.
IF all "board meetings" were re-named "common sense meetings" they would be a lot more useful and I would enjoy attending them The way great investing is about avoiding the traps of fear/greed (not advanced strategies) Business wins come from common sense,...
In the process of giving advice to a startup whose domain I know very little about, I came up with a useful form of qualification: only listen to this advice if you can imagine scenarios where this email comes back...
No fluff. No panels about "the future of AI." At SaaStr AI Annual 2026 (May 12-14) you'll learn: 💲How to price AI features 🤖How to reduce churn with AI agents 💰How to build AI GTM agents that work 🧖♀️How to hire (or not...
So excited to share the @kindredventures seed investment into @TheCorgiCompany. AI has enabled complex services to be automated at a level never before seen. This changes the model of what kind of company can be built. As @nico_laqua says, "While...
Ok so on LinkedIn this week I saw another founder I know at $100m+ ARR where growth has slowed … just leave the keys on the table. Quit. This founder said he was excited to explore what AI could do...

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...
Thank you to all of the founders, partners, and colleagues we worked with in 2025. Despite headwinds in the broader market, founder-led SaaS companies continued to outperform, drawing meaningful buyer interest and achieving strong valuations. Last year, Vista Point Advisors...
The most important division between companies is between those who make things they themselves admire, and those who regard their customers as fools, and cynically give them what they want. Companies sometimes shift from the former to the latter, but...
What are some ways buyers try to get an unfair advantage in a process? 1. Create artificial deadlines for the founder to give them exclusivity. 2. Encourage founders to sign an LOI early, without providing much detail on what the...
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...
Ideally, you'd start in venture around 13-14 years old That way, in 20 years, when the carry checks finally get material, you still have time to spend it