Jeff Morris Jr.

GP @chapterone: @supabase, @mercury, @ereborbank @gen_intuition @Mach_Industries, @ether_fi, @OndoFinance. Building the most product-obsessed venture firm.

[Jeff Morris Jr. @jmj]

One of the most successful subscription products of all time.

Our team woke up the day after the release & realized we’d just built a product that increased our market cap by well over $10B.

Wild times.

[signüll @signulll]

when tinder launched tinder gold (one of the most successful subscriptions of all time cuz it was pretty much ~100% margin) there was one psychological trick that worked incredibly well… you just show ppl who liked you but blur them out.

in order to reveal them, you need to subscribe. the human mind cannot handle this type emotional uncertainty, so the subscription which was expensive af to boot became more lucrative than netflix cuz they had zero supply side costs.

instagram plus is now effectively trying to create the same psychological dynamics, including private story views, & pushing your story up etc. incredibly interesting.

[Jeff Morris Jr. @jmj]

@ashkanstweets Thank you!

[Jeff Morris Jr. @jmj]

Last week one of our early-stage defense companies in Hawthorne raised a heavily oversubscribed seed round, co-led by two Bay Area firms.

We were the only institutional check in their pre-seed, and we doubled down.

Another LA win, to be announced soon.

[Jeff Morris Jr. @jmj]

@mark_ostrovsky We’ve had some awesome moments - that said most of them come through being of service to our portfolio companies who are the ones who build & ship the products.

Much different.

[Jeff Morris Jr. @jmj]

@Hiraweb3 How so? Have seen a ton of people try web3 dating.

[Jeff Morris Jr. @jmj]

One of the most successful subscription products of all time.

Our team woke up the day after the release & realized we’d just built a product that increased our market cap by well over $10B.

Wild times.

[signüll @signulll]

when tinder launched tinder gold (one of the most successful subscriptions of all time cuz it was pretty much ~100% margin) there was one psychological trick that worked incredibly well… you just show ppl who liked you but blur them out.

in order to reveal them, you need to subscribe. the human mind cannot handle this type emotional uncertainty, so the subscription which was expensive af to boot became more lucrative than netflix cuz they had zero supply side costs.

instagram plus is now effectively trying to create the same psychological dynamics, including private story views, & pushing your story up etc. incredibly interesting.

[Jeff Morris Jr. @jmj]

@APompliano @BrianNorgard Thank you. The world moves on quickly and rightfully so.

The key is to keep building products & putting new things out in the world.

It is appreciated!

[Jeff Morris Jr. @jmj]

@signulll We were riding a once-in-a-career consumer wave and didn’t know it. None of us realized how rare that timing was.

The crazy part is that today is even better if you build the right product.

[Jeff Morris Jr. @jmj]

Another great day for Los Angeles & the United States.

Congrats @isaiah_p_taylor & the entire @valaratomics team.

An inspiring moment for our industry.

[Isaiah Taylor - making nuclear reactors @isaiah_p_taylor]

Moments ago, Valar Atomics took Ward 250 critical for the first time. This fulfills President Trump’s EO 14301, which called for 3 advanced reactors to go critical by July 4th.

This is our second criticality as a company, and an important step toward our goal of power by July 4.

[Jeff Morris Jr. @jmj]

@JoshuaSteinman 100%

[Jeff Morris Jr. @jmj]

@danielpearson Time to build

[Jeff Morris Jr. @jmj]

When people ask if I’m moving back to the Bay Area, I’ll send this map.

We’re just getting started.

[Chris Tourtellotte @CTourtellotte]

Los Angeles is the aerospace capital of the world.

11,000 new aerospace jobs added in LA County in the last two years.

$141k average salary.

Venture capital funding in LA-area defense tech surpassed $4 billion last year — more than double the prior year.

Greater LA is home to nearly one-third of the nation’s space technology companies and employs — contributing $35B annually to CA GDP.

SpaceX added nearly 4,000 new millionaires to the region last week.

Anduril just announced a $1 billion new campus in Long Beach, adding 5,500 jobs.

NASA JPL, Northrop Grumman, Rocket Lab, Relativity, Boeing, Raytheon are all within 30 miles of each other.

[Jeff Morris Jr. @jmj]

@erikmorris55 Haha please keep sending

[Jeff Morris Jr. @jmj]

@ananas_light @bradyowen Welcome to the team 🔥

[Jeff Morris Jr. @jmj]

In any bear market, the best companies are in a position of strength to aggressively acquire talent.

@mert and the @helius team are empire building right now.

Privacy is the most important frontier in crypto right now. And @helius is building the privacy layer for Solana.

[Helius @Helius]

Big Solana news:

The Light Protocol team is joining Helius to help build Solana's most complete ZK privacy layer.

Private payments, markets, and finance -- at Solana scale.

Fully composable, fully onchain, fully open-source.

[Jeff Morris Jr. @jmj]

@endowment_eddie Fully agree.

We convinced @TheFundCFO to join @chapterone as our 2nd teammate in 2021 for this reason.

He helped lead PE/VC at Texas Children's ($2B foundation) to join a new venture platform.

Was huge for taking us from a "fund to a firm" over the least 4+ years.

[Jeff Morris Jr. @jmj]

@zaidrmn @TurnerNovak 🙏🏽🙏🏽🙏🏽

[Jeff Morris Jr. @jmj]

@sriramk Congrats Sriram, thank you for your service. The journey continues friend!

[Noah Fradin @noahfradin]

We built a tool to increase our Claude Code and Codex usage by 3x with the same spend.

https://t.co/vqdSkxK0bk

It also saves us hours a day per person in time we’d otherwise be waiting around for model generation time. Today we're sharing it with the community.

[Jeff Morris Jr. @jmj]

Generational company. Congrats @kiwicopple, @AntWilson & team.

Supabase is a relentlessly product-focused team that shows up every day and does the work. One of the most important AI companies of the future.

Grateful to have backed them since the early days.

[Paul Copplestone - e/postgres @kiwicopple]

Supabase has raised $500M at a $10B valuation

In this round we are giving @supabase employees the opportunity to cash out 25% of their vested options. We have done this in every round since inception.

We do it as a “cashless transaction” so that employees don’t need to front any cash to exercise their options. This is the friendliest way we could design it until we can offer RSUs.

On top of that, we give employees a 10 year exercise window: whether they stay or leave the company. The typical/default window is 3 months. IMO, equity is earned and employees shouldn't be penalized because they don't have the cash to exercise within 3 months of leaving a job (often that's the time they need the cash/certainty the most).