Founder @boomandbucket (acquired)
Prior: COO @bolt ($14B), Founder Liveli (acquired), First hire @addepar ($3.5B). I care about the craft of company building.
Yesterday my neighbor @TheSamParr and @ShaanVP insulted me on their podcast.
My Mustache is NOT a disguise, I’m NOT trying to blend in, and I was born with this hat and facial hair.
All jokes aside, thanks for the shoutout guys 👍
For everyone else, I was COO at @bolt and have gone $0 to $20M a few times. Now I’m CEO @boomandbucket.
I’ve spent a dozen years building start-ups. I’ve seen it all from $1B fundraises, exits and IPOS, failed product launches, to crazy boardroom drama.
Starting tomorrow, I’m sharing a hardcore business lesson every day for the next 50 days.
So follow me @im_asl
Ramp is a case study in execution
There have been multiple companies with similar ambitions, and Ramp is lapping everyone because it is simply one of the best run companies in existence
AI should earn its keep. Introducing the AI Productivity Guarantee.
If Devin delivers less engineering value than you’re paying for, Cognition will fund your usage until it does, up to $10 million.
It’s time for the AI industry to stop maximizing tokens and start maximizing productive output.
If you are an Opendoor shareholder, I have an ask.
Proxy advisors at ISS and Glass Lewis have recommended shareholders to vote against me at our Annual Meeting. I don’t take this personally. This is the fifth time in my career these same people have told people to vote against my team.
These proxy advisors have built no companies and are not meaningful shareholders of OPEN. They're a checkbox industry charging fees to tell other people what to do with shares that aren't theirs.
Usually most companies can’t do anything about this since many institutional shareholders will just vote the way ISS tells them to.
But Opendoor has the Open Army! It is important that we stand up against this separation of management from shareholders.
If you are so inclined, help tilt the world in favor of shareholders and away from bureaucrats.
Find out how (ask your broker, check your emails) and vote your shares. Our board is excellent. We are back on mission and we are winning.
Don't outsource your vote. Read the proxy. Vote your shares.
it is a cruel thing to subject employees to bad software like salesforce and workday. software is getting so easy to use that tolerance for bad software has gone down dramatically. your employees deserve better.
When fund managers have good realized performance, they show net DPI.
If they don’t have good net DPI, they show net TVPI.
If they don’t have good net TVPI, they show gross MOIC.
If they don’t have good gross MOIC, they show SAFE-adjusted MOIC.
If they don’t have good SAFE-adjusted MOIC, they show net IRR.
If they don’t have good net IRR, they show gross IRR.
If they don’t have good gross IRR, they show a logo slide.
If they don't have a good logo slide, they show brand-name co-investors.
If they don’t have good co-investors, they show founder references.
If they don’t have good founder references, they show a venture partners slide.
If they don’t have a good venture partners, they show Twitter followers.
People ops is the way to go.
Leaders need to train their people, deal with issues, and be accountable. The minute you outsource any of it to HR, you start down the path towards mediocrity.
Those closest to the problems must solve them.
Anthropic CFO Krishna Rao talks about how his team uses Claude. Says Head of Tax is biggest power user working on tax policy engine.
Finance team built 70 specific skills, including automating financial statements and monthly reviews (says they are 90% done, then human reviews).
Austin city government paid $30k for breakfast at SXSW with delegations from our sister cities 🤦
This is the same city that says there isn't enough in the budget to cover basic needs , well I guess breakfast is a basic need , but we have to stop doing this!!