Perspectives, not platitudes.

Quick recap and video of the talk from our latest New Ideas in AI dinner series with guest speaker Joon Sung Park, who spoke about Generative Agents.

Announcing our investment in System Initiative's Series A.

Announcing our investment in Rose Rocket's TMS, a system of record that trucking and logistics companies use to manage their business, from quote to cash.

Applications that enable a natural language interface between people and data will be at the forefront of LLM enterprise adoption. At Scale, we launched a chatbot to increase access to information about our firm, but we also built it ourselves to gain an understanding of the solutions space. We've just published a blog post where we explore the architecture and share conclusions from this experience. We're also making the full source code available and free to use.

With participation, they don’t have to make that choice and can get their preference while also participating in any common. Essentially, these series are double-dipping! This significantly juices the preferred returns of these participating series and reduces the non-participating preferred series and common returns.

In the first installment of our Liquidation Guide, we showed how to calculate liquidation under the cleanest scenario, with Non-Participating Liquidation Preference and No Seniority (the base case). Today, we’re going to explore how things change when we add seniority to a cap table.

We can clearly see above that public tech companies are seeing similar drop-offs in NDR to private SaaS startups. The median public SaaS NDR has fallen 10% from 121% in Q221 to 111% in Q123. While it’s a bit bumpy, the median NDR for SaaS startups has fallen a similar amount - down 8% from 112% in Q221 to 104% in Q123.

Q123 data indicates that the growth slowdown is continuing - and most companies failed to meet even the conservative plans they set earlier this year. This was the fourth consecutive quarter of decrease in both top-decile and median year-over-year ARR growth, with only 22% of companies achieving their Q123 plans. 

This is a guide for entrepreneurs, venture capitalists, and others who have questions around terms, definitions, high-level scenarios, and structure.

it is nearly impossible to define alignment, let alone achieve it. Human beings, in all their variance, capacity, and folly, make up the entire training pipeline, and we take such comfort in the fact that we call them all by the same name. But every human is individual, and models will change as their trainers do.

We built a bot to help you get VCs off your back. Hopefully, this doesn’t put the author out of a job.

Segment-specific startups frequently outperform their horizontal counterparts and do so with greater efficiency, lower churn, and simpler GTM motions. So why the aversion from some investors?

The way these plugins are designed is as open as I can possibly imagine, which means we can peek under the hood at how they are made. That is, if you know where to look. It also offers us a glimpse into potential business ramifications, which we’ll take a look at at the end of this post.

Autonomy is making its way into more corners of the warehouse - from forklift operations, to depalletizing, to picking, packing, and trailer unloading. Several years ago, there was still a palpable skepticism around whether automation was here to stay. That mindset has now shifted: the same skepticism has been replaced by not just acceptance, but a series of questions around which automation solutions will be the right ones to choose.