Clubbing is dead and has been replaced by fitness & wellness. Ppl used to party to socialize and date but now they do things like HYROX, bathhouses, and running raves. The death of clubbing is something to be studied: — US has lost 12% of its nightclubs in the last 24 months — 25% of US adults didn’t drink at all last year — Gen Z drinks 30% less than Millennials did at the same age On the flip side: — According to Strava, the number of running clubs recorded on the platform increased 3.5x in 2025 — 72% of Gen Z go to run clubs to meet new people — Sauna and spa market: $11.8B → $22.4B by 2034 The post-alcohol economy is gonna be a massive category.

Agents can now onboard themselves to Parallel. Upgrade any agent with just a single prompt → "Use curl to read parallel.ai/agents.md and perform the setup to install Parallel"

Following rapid growth, a $100M Series B, and a slate of new launches, I sat down with Parallel co-founder @travers00. @p0 is building core search infrastructure for the agentic web: systems that enable AI to retrieve, structure, and reason over information across the internet with speed, accuracy, and reliability. I joined Travers at Parallel’s new Palo Alto office for a wide-ranging conversation on: > The pace going from launch last August to becoming critical infrastructure powering production workflows at companies like Notion, Harvey, Granola, and more. > Why Parallel sees the future of search as far beyond “ten blue links,” toward systems built for retrieval, reasoning, monitoring, and computation. > The changing nature of the web itself: its economics, openness, and what happens as agents become primary users. > The artistry and legacy of internet history shaping the company: Olivetti typewriters, Douglas Hofstadler, Lloyd Shapley, Christo & Jeanne-Claude, Google’s Search Box, and how it inspired programs like the Museum of the Human Web. This is an extensive and wide ranging look into one of the most interesting sectors of the agentic web. We @terraincap feel lucky to have worked with Travers and the team since the start just two years ago. So much to do.

We raised a Series B led by @sequoia at a $2 billion valuation and I’m excited to welcome @andrew__reed to our board. All our existing investors doubled down: @kleinerperkins, @IndexVentures, @khoslaventures, @firstround, @sparkcapital, @AbstractVC, and @terraincap.