JSC

Interested in all things Venture, FinTech, Public Markets, and Sports.

[Ethan Thornton @ethanrthornton]

Deeply thankful to everyone who helped make this milestone possible, and to @InfiniteXYZ and @RibbitCapital for their partnership.

Excited for what comes next.

[JSC @JSCCapital]

Data volumes & velocity continue to grow exponentially moving much faster than compliance ever will but most businesses don't even know where their sensitive data lives, how it's being used, and who has access to it.

@arcurn & the @evervault team are building the clearinghouse for sensitive data.

[Shane Curran @arcurn]

Today, we’re excited to announce @Evervault's $25M Series B, led by Ribbit Capital with continued support from @sequoia, @IndexVentures, @kleinerperkins, and @nextplayVC.

This round comes at a time when sensitive data exchange on the web is going parabolic. Since 2019, we’ve been focused on building durable infrastructure for engineering teams to collect, process, share, and enrich sensitive data -- while keeping it encrypted at all times.

We thought we were making good progress in encrypting the web, helping customers like @tryramp, @Rippling, @finix, @TheOverwolf, @Uniswap, @CarTrawler, and hundreds of others secure more than $5bn/year in payment flows and 100m+ unique tokens per month. But the past year has shown that our enemy -- plaintext data -- is getting stronger and more pervasive.

Our vision is to build the clearinghouse for sensitive data, helping companies exchange sensitive data in a secure and encrypted way. This round helps us encrypt more of the web by further refining our developer experience, building deeper integrations with trusted third-parties, and increasing the value we can offer our customers for more data types.

First and foremost, thank you to our customers. You trusted Evervault to sit directly in the flow of your most sensitive data (payments, identity, financial information, and more) and that trust is not something we take lightly. Your feedback, your requirements, and the problems you bring to us every day are what shape the product and push us forward.

Thank you to the Evervault team. What you’ve built is genuinely special: infrastructure that lets developers process sensitive data without ever having to see it in plaintext. The pace, craft, care, and ambition you bring to work every day are what makes this company what it is.

And thank you to our new investors for believing in the vision of making security architectural rather than procedural. We’re grateful to have partners who understand both the scale of the problem and the opportunity ahead.

The internet still assumes that sensitive data must exist in plaintext somewhere. We’re building the infrastructure to change that.

Onwards!

More here 👉 https://t.co/djNIWoQbGM

[Ribbit Capital @RibbitCapital]

1/ Since the start of Ribbit, we’ve always asked entrepreneurs one question: Who is your customer?

[JSC @JSCCapital]

Jeff Bezos famously kept an empty chair in meetings to represent the customer, because obsessing over customer experience is the only long-term defensible moat.

Listen provides all companies the proverbial "voice of the customer" 24x7x365.

Congrats to @itsalfredw & @florian_jue on the raise. breakthrough can come from anywhere...but only if you are listening.

[Alfred Wahlforss @itsalfredw]

Today, Listen crossed $100M in funding.

Building is easy now. Knowing what to build isn't.

Our AI finds and talks to your users so you don't have to guess.

See how Sweetgreen, Microsoft, and Replit use it:

[Bloomberg @business]

Fintech startup Imprint Payments, which helps retailers like Brooks Brothers offer co-branded credit cards, has reached a valuation of $1.2 billion in a new funding round led by Khosla Ventures https://t.co/hpcw5gcqqN

[Ribbit Capital @RibbitCapital]

Token factories… explained by some of the rebels shipping them.

@CrusoeAI @DecagonAI @getsafetykit @Morpho @withpersona @PsiQuantum @topdotco

1 of 4/

[JSC @JSCCapital]

Amazing & inspirational to see what @MichaelDell & Susan are catalyzing with their $6.25B donation to help 25M children build their own financial foundation through Invest America.

This idea has been in the works for at least 4.5 years now that was enacted as part of the OBBB Act earlier this year. A rare bi-partisan letter pushing business leaders to contribute to the 50+ million accounts set up over the next 6 months.

[JSC @JSCCapital]

On the @theallinpod @altcap & @chamath brought up the "Invest America Account" starting w/ $10-$15M each (with a goal of raising $100M in short order), to give $2,000 to new borns to get the gov't off the sidelines.

A $2K check compounding at 7-8% is $162K-$300K at the age of 65

[Tudor Achim @tachim]

Super excited to partner with @nshalek @mickymalka and Justin at @RibbitCapital as we build Mathematical Superintelligence!

[JSC @JSCCapital]

The team that @ZachBDell & @JLopas are building at Base is world class. When you walk through the office you hear it:

“Energy has become the economy’s core constraint.”
"Power is the most important product in the world."
"Rate limiting prosperity by a lack of electrons is not an option"
"We’re building the future of power so human progress can accelerate"

The gird is the weakest link in America's energy system. We can produce plenty of cheap electricity, the harder challenge is moving it efficiently & affordably. AI, robotics, manufacturing none of it works without a modern grid.

That's what the Base team is solving.

[Zach Dell @ZachBDell]

Today we are announcing our $1B Series C, but money isn’t the story. The story is what we’ll do with it, and the scale of the challenge ahead.

Our mission isn’t constrained by capital, supply, or demand. It’s constrained by talent. To build America’s next great power company, we need the engineers, operators, and creatives ready to take on the challenge to join us.

Power is the most important product in the world. It runs through everything: our homes, hospitals, schools, factories, and future. And the grid that delivers it is breaking.

At Base, we’re building the future of power so human progress can accelerate. In the past two years, we’ve grown from an idea into one of the fastest growing energy companies in America.

Now we’re entering a new phase of growth. Our first manufacturing site is rising in the heart of Austin, inside the former Austin American-Statesman printing press. Here we’ll build our own hardware to meet surging demand and scale nationwide. This is a key step in putting a battery on every home in the country.

Few teams get to say their work powers human progress. We do. With a billion dollars of fuel, our next wave of growth will be defined not by capital, but by people who choose to step up, take ownership, and build the next great American power company.

The old system is breaking. Come build the new one.

Our Series C was led by Addition, with participation from both new and existing investors including Trust Ventures, Valor Equity Partners, Thrive Capital, Lightspeed, Andreessen Horowitz, Altimeter, StepStone, Elad Gil, 137 Ventures, Terrain, Waybury, Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789.

[Patrick OShaughnessy @patrick_oshag]

It’s hard to have returns as good as Micky Malka and still be as widely loved

@mickymalka, @nshalek and their partners have built an exceptional firm in Ribbit

Their pstructure, strategy, ethos, and focus are all unique—and we explore each

We need more people like Micky

Enjoy!

[Zack Rosen @zackrosen_]

At @ribbitcapital, we are organizing a 24 hour hackathon on November 1st & 2nd in SF alongside Bridge @StableCoin (grind never stops!), @anonplatform, @crossmint, @dust4ai, @SolanaFndn, @OpenAI, @EngRecruiterVC and others on Agentic Finance.

Apply here: https://t.co/nw2UmMUB3t

[JSC @JSCCapital]

@MalikZaire8 Should be next HC

[JSC @JSCCapital]

@PeteSampson_ Has to be his last snap at QB if it’s not should be @Marcus_Freeman1 last season.

[JSC @JSCCapital]

@NDrecruiting01 And a new coach

[JSC @JSCCapital]

@PeteSampson_ This, plus the screen pass, plus the timeout plus not taking the points…. He got out coached by Ryan Day which is really hard to do.

[Morse (formerly Sling Money) @morsemoney]

We’ve been building Sling to change the way people send money…and we’re ready to share the beta with the world 🚀 download the app (https://t.co/YIwhwpx9sQ) to sign up on the waitlist… Here’s why we think you’ll like it 🧵

[JSC @JSCCapital]

Druckenmiller on the current market backdrop- “If you’re a risk reward person waiting for a fat pitch this is the thinnest thing ever; you’re facing Sandy Koufax and he has you 0-2”

[JSC @JSCCapital]

@howardlindzon Always great to catch up🙏

[JSC @JSCCapital]

$BAC re excess savings: “The cohort that was $2,000 to $5,000 in average balances pre-pandemic had $3,400. They're sitting at $12,800 (peaked early in '22 at $13,400)” which is still 3.8x

[JSC @JSCCapital]

@patrick_oshag DPZ
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