Ian Park

Just another Silicon Valley VC with
a slightly contrarian newsletter.

[Ian Park @IanParkVC]

Thoma Bravo
2021: $6.4B take-private
2026: $5.1B gone

Largest single-deal loss in software PE history.

First of many.

[Ian Park @IanParkVC]

Wealth distribution in France during 1760-90 and in US 2025.

What could possibly go wrong?

[Ian Park @IanParkVC]

🚨 This is insane. Meta finally did it.

The history of AI will be divided into before and after Meta’s Muse Spark.

I’ve already used Muse Spark to generate $47 trillion in annual revenue, and my mom finally stopped asking when I’m getting a real job.

[Eric Bahn 💛 @ericbahn]

Gratitude post dedicated to my two brothers, @IanParkVC and @kjiangvc.

A few months ago, Ian approached me and Kevin to do yet another VC podcast, covering current events in tech. We were all slightly hesitant because there are so many of these, but we gave it a shot anyway.

The show is called 'Not Investment Advice'. And it's been so damn fun. What I love about Ian and Kevin is that they are not just brilliant, but also some of the most unhinged straight shooters I've met in this VC industry. Super funny, direct, and don't take themselves too seriously.

I am so honored to be a part of this group. We say this all the time to each other--even if no one is listening, we just love having the chance to talk shop with each other every week.

We just wrapped up our recording and I'm feeling such amazing vibes. A great way to end the week, after so much whiplash.

Thank you Ian and Kevin! Link to Not Investment Advice YT in the next comment...

[Ian Park @IanParkVC]

@ericbahn @kjiangvc What makes this work isn’t the podcast, it’s the chemistry. Lucky to do this with my brothers!!! @ericbahn @kjiangvc

[Ian Park @IanParkVC]

@ericbahn @kjiangvc What makes this work isn’t the podcast, it’s the chemistry. Lucky to do this with my brothers!!!

[Ian Park @IanParkVC]

This gets on my nerves.

Stop calling your revenue run rate "ARR."

"ARR" stands for Annual Recurring Revenue, not Annualized Revenue Run rate.

It's weaponized ambiguity—a deliberate attempt to make high-churn, experimental AI revenue look like durable, contracted SaaS revenue.

[Eric Bahn 💛 @ericbahn]

Grateful to jump on @IanParkX’s podcast this morning! Ian has been nothing but generous to me and team over the years, and it’s an honor to share the stage with him to advise Korean founders. Thank you, Ian!

https://t.co/na73TYGdZg