Power laws rule everything around me. Thatโs the core takeaway from todayโs venture capital roundtable with Footworkโs @nbt, Cendana Capitalโs @mkrocks and @alex. Nikhil reckons that the Valley has never been more power-law-pilled than it is today, a dynamic impacting who raises, how much, and from whom. Hit play for the state of play in the secondary markets, why data is once the talk of tech, why the SaaSpocalypse may fade, and more!
0:00 Introduction: Nikhil Basu Trivedi (Footwork) & Michael Kim (Cendana Capital)
1:59 The Anduril vs. USVC secondary market blowup
4:08 Why Silicon Valley is 'power-law-pilled'
8:23 Plaud: If your work depends on conversations โ interviews, meetings, calls โ you need a Plaud NotePin. You can check it out at https://t.co/AhhYi7Bzen and use code TWIST for 10% off!
9:37 Information asymmetry in the secondary markets
9:45 https://t.co/euF2nCvx0Q โ For all of your incorporation, banking, payroll, benefits, accounting, taxes or other back-office administration needs, visit https://t.co/vGH52tTqeh
15:02 Is SPV fraud smoke or fire?
16:32 Superhuman acquires GPTZero
19:54 https://t.co/xQao2Q9LNf - Stop chasing invoices and automate your entire contract-to-cash stack. Go to https://t.co/1LJvXhyz3p and tell them Jason sent you to get 50% off for life!
21:10 The M&A wave
27:19 The SaaSpocalypse debate
29:59 DigitalOcean - Head to https://t.co/YCLFZ4OMDZ to start building on DigitalOcean's AI-Native Cloud today โ and cut your AI workload costs by up to 50%.
30:44 Data's moment in the energy โ compute โ data loop
35:01 Where will AI value accrue?
40:04 What could cause an AI correction?
42:17 Why some companies are "too big to miss"
46:23 China's possible open-weight model ban
53:28 Young founders: Etched, Thiel Fellows, Z Fellows, Neo
55:33 Portfolio spotlight: WindBorne's weather balloons and data moat
58:47 Michael's favorite fund manager: Josh Browder
๐ฅย Watch the full episode here ๐
The best companies don't fit neatly into boxes.
@nbt breaks down why the most durable businesses today combine consumer and enterprise DNA from day one, instead of choosing one lane and hoping to expand later.
His observation: almost all of the world's largest companies serve both individuals and enterprises. Yet venture firms still organize around separate consumer and enterprise teams, missing the companies that transcend category.
Footwork's portfolio reflects this thesis. Three-quarters of their companies self-identify as hybrid: consumer motion with enterprise depth, or enterprise infrastructure with consumer-grade UX.
The takeaway for founders: If your product can legitimately serve both markets, don't let traditional GTM frameworks force you into a single box. The audacity to tackle both simultaneously might be your competitive edge.
What matters is not the label. It's whether you understand the mechanics of both motions, and can execute across them.
Full episode below.
We are releasing WeatherMesh-6 today, a huge step forward in weather forecasting.
Its a fully end-to-end AI-based weather model. Observations in, weather forecasts out.
Hiring in data, marketing, and sales
Power is in a special spot: 8 figures of revenue, grew 5x last year and will 3x this year
We have ~1/3 of the headcount of startups our size which means everyone has nonlinear contribution
We are building the operational infrastructure to run medical research
If you are excited about AI + Bio but nervous about the clinical trial bottleneck then DM me :)
@HarryStebbings ingredients for success i've learned from Jensen:
-unbelievable work ethic
-insatiable love of learning
-real care for the people you work with
-audacity
-optimism