Investing and design · @terraincap · terrain.com

Joined October 2009
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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.
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“Every category of knowledge work is being reimagined now that there’s a fundamentally new way to work with the web’s information.” From drug discovery and insurance claims to people search and capital markets, Parallel’s APIs are working at massive scale to power a wide range of use cases across startups and Fortune 500 companies, less than a year from launch. - @p0 co-founder @travers00
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.
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📍Times Square with @p0 & @Nasdaq
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Today and tomorrow are the last two days to come see the @p0 Museum of the Human Web in San Francisco. Come by! 238 King Street, open 9a - 5p both days!
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📍 The Museum of the Human Web
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Lovely dinner last night with design friends old and new - hosted along with @terraincap
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The museum opens in SF later this week. RSVP below. It was special to work on this with the @p0 team - it shows an optimism for the web as humans built it: creative, open, and imperfect.
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And if you are a designer, we're hosting a cocktail hour this Friday x.com/yangyou/status/2051335…

this friday: we've reserved a private evening inside the Museum of the Human Web for the designers and curious creatives who feel the weight of this legacy in their work. Designers Night @ Museum of the Human Web luma link below
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News: Parallel Web Systems has raised a $100M Series B. Just as the early web crackled to life on terminals a generation ago, the parallel web is coming online today. We are proud to deepen our partnership with @p0 in this round.
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first launch i've shipped at @p0. proud of what this team pulled off. every detail down to the IBM 5153. go hunt the easter eggs >> pioneers.parallel.ai
The web’s second user is coming online. Our customers are building at the frontier - shaping every corner of the economy. pioneers.parallel.ai
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Soon, more AIs will use the web than humans. That was the idea @paraga and @travers00 shared with us @terraincap in early 2024. Today it's becoming reality, powered by @p0 and the companies building on it. It's been an honor for us to work with the team from the start.
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.
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The web’s second user is coming online. Our customers are building at the frontier - shaping every corner of the economy. pioneers.parallel.ai
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🔜🌐 Very excited for the @p0 team to share what they have been up to…
Announcing the Museum of the Human Web, coming soon to San Francisco. Sign up to be one of the first to see it: museum.parallel.ai
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It is under discussed how much the word "quiet" has been ruined by LLM writing. It's everywhere. On par with the em dash.
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Find something you care deeply about and can spend a decade building. Apply to Free Agency by May 15.
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Free Agency Season 3: Ideas matter. An eight-week ideas residency in our New York office. Summer 2026. Select, refine, and pressure-test a startup idea before you start the company. Applications now open.
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