I believe you can build billion dollar companies with tiny teams, if not 1 person. If you think so too and are just getting started, DM me and I might invest up to $500k.
Amazon banning agents is the first opportunity I've seen since Amazon was founded for a startup to create an Amazon competitor. People will want agents to buy stuff for them. It will be one of the main use cases. And they won't want to use some Amazon-supplied agent to do it.
Today, we’re excited to share Stuut has raised a $52.5M Series B led by Insight Partners, bringing our total amount raised to $93M.
I told the guy at my local bodega, and he couldn’t care less about our cash. Frankly, that’s fair. Our job is to care about yours.
The 1000s of juggernaut companies that run America are rebuilding around AI, and they're doing it with finance teams that are already swamped. Every enterprise we've spoken to says the same thing: they know AI can help, but they don't have the time or team to make it happen.
Stuut is the first AI coworker that does all of the work between order and cash for the world's leading enterprises. It's grinding, repetitive work.
We’ve already moved over $3B for enterprises including ZoomInfo, Honeywell and PerkinElmer, with Stuut unlocking 40% more cash flow for our customers.
This round is how we keep up with overwhelming demand, and how we go after the bigger job: carrying every transaction from the moment a company decides to sell something until the cash is in the bank. Our customers know we’re in this for the long haul.
Our investors do too, and special thanks to Julian Marcu / Thomas Krane at @InsightPartners for believing in our vision. We're extremely grateful to @a16z, @ActivantCapital, and @M12vc Microsoft's Venture Fund, as well for joining.
Thanks to the @StuutAI team for their dedication.
Thanks to our customers for trusting us.
And to the guy at my bodega: maybe the Series C will do it?
The compute needed for the stage of AI we’re about to enter is going to be insane.
Personal agents, agent swarms defending enterprises, agents that review all of our code for security issues, agents that process nearly all enterprise data in workflows, background agents working on tasks 24/7, and on and on.
This will take a mix of inference volume that is going to keep growing by orders of magnitude, as well as infrastructure that agents need alongside the tokens. They need computers, networking, file systems, and so on.
We’re only in the early stages of what this buildout is going to look like.
TIL: Poland is the world’s #2 lithium-ion battery producer after China, accounting for 60% of Europe’s production. LG’s Wrocław plant currently lists 86 GWh of capacity.
Imagine 100 people move to Berlin, but we only build 20 new apartments.
It doesn’t matter whether those apartments are owned by a billionaire, a pension fund, a cooperative or the government. We still have 100 people competing for 20 homes.
They start bidding against each other. The wealthiest win. Everyone else gets pushed further out.
Now imagine we build 150 apartments instead.
Suddenly landlords compete for tenants instead of tenants competing for apartments.
That’s the entire idea.
The current housing protests in Spain and the growing political support for left-wing parties in Berlin made me think a lot about Europe’s housing crisis.
Housing affordability is one of Europe’s most urgent problems. When people can no longer afford a place to live, social stability starts to break down and politics becomes more radical. We should act as if we are at war with the housing shortage and treat it with the same sense of urgency we apply to national security.
Germany has shown that when a problem is considered urgent, fiscal rules can change, regulation can be accelerated and enormous resources can be mobilized. This isn’t about spending €100bn+ of public money on housing. It’s about applying the same urgency to fixing the rules within months, not decades.
The goal should be simple: make building new homes one of the most profitable and easiest investments to make, and unleash as much private capital as possible to do it.
I’d start with three things:
1) Make building new homes extremely profitable. Cut taxes, fees and other costs on new residential construction as far as reasonably possible.
2) Auto-approve new housing. Make approval automatic by default, subject to clear safety and construction standards. Zero waiting time for permits. Full throttle on building.
3) Open up as much space as possible for housing. Release more land for residential construction, remove unnecessary restrictions and allow cities to build much higher and denser where demand is greatest.
There is an enormous amount of private capital looking for attractive investments. Let’s make building millions of new homes one of them.
Make building fast. Make building profitable. Make building the default.
And boost the economy while we’re at it.
Many wealthy families I know want to help build affordable housing in Mallorca by investing millions into it. Some don’t even care about making money, they just want to help solve the problem. But planning rules make new housing almost impossible to build.
Foreigners aren’t the problem. Policies that block new housing are.
"Ausländer raus" is exactly what you just said publicly, which is EXTREMELY far-right.
🚨🇪🇸 BREAKING: Spanish Prime Minister Pedro Sánchez has announced snap parliamentary elections on November 29
It comes after the Spanish parliament voted down the government's decree on renter protection
@svorklab@johannknott Who said a right-wing government should be elected? I'm saying, kick out your corrupt politicians and get your country back. Stop projecting your feelings onto others.
@alc2022 As a Berliner who just watched ideological lunatics take over his city, my only advice is: be as loud as possible and support your candidate (every day!)