Homebuilding is one of the last categories to move shopping online. With the launch of runway, we're one step closer to taking the complexity out of life's largest purchase. Congrats to @calebarclay and the whole @Arcway3D team!

I feel like whoever developed this leaderboard idea for @eightsleep must not be married. The better my wife sleeps, the more I win. If you’re going to gamify it, this should be framed as more of a cooperative game versus a competitive one.

One of the main reasons why some of the best emerging consumer AI startups are quiet about how much of the experience is AI.

Seed frequently is more about light governance / limited investor responsibility than it is check size.

Thank you Team @Coupa for inviting me to celebrate your 20th birthday. It was a true pleasure being part of the early story and an honor to meet the team responsible for the next 20 years! cc @neisner @jebinger

It's a weird time. I am filled with wonder and also a profound sadness. I spent a lot of time over the weekend writing code with Claude. And it was very clear that we will never ever write code by hand again. It doesn't make any sense to do so. Something I was very good at is now free and abundant. I am happy...but disoriented. At the same time, something I spent my early career building (social networks) was being created by lobster-agents. It's all a bit silly...but if you zoom out, it's kind of indistinguishable from humans on the larger internet. So both the form and function of my early career are now produced by AI. I am happy but also sad and confused. If anything, this whole period is showing me what it is like to be human again.

Congrats @zachtratar. Looking forward to seeing what you build @NotionHQ!

The stage is set for a new wave of companies to massively improve people’s lives. Few investors have this conviction--consumer investing looks silly until it becomes obvious. @tactilevc is filling this void. Dove into this and more with @DavidWeisburd here: howiinvestpodcast.com/episod…

2005: Accel is raising Fund IX- a significant reduction from $1.6B to $440 million. The dotcom bubble left scars everywhere. Social networking is dead. Friendster failed. Nobody wants to touch the category. Jim Breyer invests $12.7M into Facebook anyway in May 2005. VCs whisper it's embarrassing. "College kids will graduate and forget about it." 2011: Partial sales return the entire $440M fund. At IPO, the stake is worth billions. This is consumer investing. The category looks dead. The first movers crashed. Everyone moves on. Then the real winner shows up, and it's generational. The best investors back the 3rd, 5th, and 10th companies in a "doomed" space. They have conviction when everyone else has moved on. They understand consumer doesn't work until it suddenly does. Market timing is everything, except when it isn't.

Congrats to Team @ArrivedHomes on the launch of the first stock market where investors can freely trade shares of actual properties as well as the credit used to support development. Coming on the heels of RobinHood simplifying equity purchases and Coinbase simplifying crypto, we believe Arrived has a bright future brining what used to only be available to the affluent to the masses. On a day when the #DowJones is down more than 800 points, it is a good reminder of the value of diversification!

Love this by @dauber. Not enough people talk about how to identify & recruit amazing investors and the impact those people have on moving firms to the next level.