Today, we're announcing @thatch_ai raised a $108M Series C at a $1B valuation from @thegp, @IndexVentures, @generalcatalyst, @a16z.
The idea we're betting on: healthcare serves whoever controls the dollar. For 80 years that's been the employer. We think it should be you.
Employers typically choose one health plan for everyone. We think there's a better model: give people a health budget and let them choose the insurance and care that fits their life. That is the idea behind Thatch.
ARR has grown nearly 7x in the last twelve months, and more than 5,000 employers now use Thatch. None of this happens without our team, or without the employers who believe that their people know what their families need better than they ever could.
We're building a healthcare system people love by changing how we fund it.
OpenAI just made their new GPT4 model 50% cheaper and 2X faster for developers. This is an insane level of improvement for anyone building in AI right now.
i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together. when i decided to join msft on sun evening, it was clear that was the best path for me and the team. with the new board and w satya’s support, i’m looking forward to returning to openai, and building on our strong partnership with msft.
we are overwhelmed by the outpouring of support this weekend and today from our incredible customers. throughout and going forward, our customers remain our top priority. our products and platform are operational and secure, and our engineering, support, and GTM teams will continue working around the clock to support you.
The list keeps growing, well past 650 now. Thank you for all of the support 🤍 Our focus remains on our customers and their investments in our platforms and services!
A note to @OpenAI developers 🫶:
I wanted to express my appreciation for all the warm, thoughtful, and supportive messages I got and I’ve seen posted across the community.
Despite a moment of uncertainty, our commitment to developers remained steadfast.
In the meantime, please know that we are continuing to prioritize stability and security of our systems. Our engineering team remains on-call and actively monitoring our services.
In all events, our commitment remains to our customers and our mission. Thank you for your continued trust.
Wanted to take a moment to say to all of the unbelievably talented folks at Open AI I've had the privilege of working with for years: we're going to continue supporting you and the important work that you're doing, no matter what. @sama, @satyanadella, and I have got your backs.
In this talk, I describe how we leverage product, research & design to drive QUICK gains in our growth metrics WITHOUT a large investment of time & resources into feature work.
Thx to @elylerner contributing to this talk
Can't help thinking about Figma's innovation stack (@2000F) while reading this by @kevinakwok. Also funny to think about "enterprise sales" as a mature technology. Is a business process disreputable? https://t.co/lbuJT6Fl77
@worrydream's idea of creating immediate connection between input/output is so powerful. It not only helps creators iterate on their creative ideas. It promotes rapid learning by transforming wicked environments with higher feedback resolution.
https://t.co/2qy7F5kknw
Registration for Stripe Sessions, our free virtual conference, is now open! We have a packed agenda from June 16-30 and hope you can join us.
https://t.co/8vyjSCPszO
If we don't learn much from books, what are we picking up on when we sense someone is well read? Maybe people with high metacognitive abilities read a lot and we're picking up that, rather than on the cumulative knowledge they've gained from reading. https://t.co/qmFieztw9J
Are NFTs a response to the Microwave economy? A desire to own something craft and unique. Or do the "haves" just have so much money there is nothing left for them to buy? https://t.co/0gaAbnDov5