Ryan Hoover

Founder of @ProductHunt. Investor at @WeekendFund. Say hi! 👋🏼

[Ryan Hoover @rrhoover]

Announcing Weekend Fund IV, backed by operators and founders (and maybe you).

When we raised Weekend Fund III, we did something different.

Toward the end of our raise, we announced the fund in public and accepted applications from LPs.

Our goal was to make early-stage venture more accessible and align ourselves with an army of operators and founders to help us and the startups we back.

Over 1,000 people expressed interest to join and hundreds did, but there was a problem. Legally, only accredited investors could participate as an LP. Accreditation laws are well-meaning but limit access to the majority of consumers.

With WF IV, @vedikaja_in and I are doing something different.

Like before, we’re onboarding engineers, designers, researchers, data scientists, salespeople, and other domain experts as LPs in the fund. But this time at a larger scale with USVC.

AngelList recently announced USVC, a new kind of fund that’s accessible to everyone, including the non-accredited. It holds positions in private late-stage companies like xAI, Anthropic, OpenAI, Sierra, and Vercel. I personally invested.

Today, they just announced their investment in Weekend Fund IV, one of the first early-stage funds added to their portfolio.

If you’re interested in being a part of Weekend Fund and getting exposure to generational startups mentioned above, visit usvc [dot] com.

Of course, don’t invest what you can’t afford to lose.

Investing in startups is risky and you may lose all your money. USVC shares are illiquid with no guarantee of repurchase.
Consider investment objectives, risks, charges and expenses carefully before investing. Read the prospectus: usvc [dot] com/prospectus.

Also, USVC is currently limited to US citizens. They’re working to open the fund to other geographies.

Lastly, my DMs are open. :)

[Ryan Hoover @rrhoover]

@nickgraynews @JoshuaBaer :_(

[Ryan Hoover @rrhoover]

@zenorocha @ycombinator Still kicking myself for not trying to join that round

[Ryan Hoover @rrhoover]

@levelsio @cursor_ai @IgorBlinkk Same fit!

[Ryan Hoover @rrhoover]

I like what Rollups [dot] com is building. They're giving founders more control over their own co.

[Dan Hightower @Danhightower]

Update: RUVs + secondaries

Founders can now run 3 types of RUVs:
- Primary financing (traditional fundraising)
- Secondary financing (team/investor liquidity)
- Primary & secondary (a mix of both, in one RUV)

[Ryan Hoover @rrhoover]

Rare to see a founder return to the co they started and turn it around.

@eoghan shared the backstory on @lennysan’s pod last year.

https://t.co/e4PaVh2nzE

[TBPN @tbpn]

BREAKING: Salesforce has agreed to acquire @fin_ai for ~$3.6B

[Ryan Hoover @rrhoover]

@aaron_epstein @standoutwork Real Marc should rock that chain for our entertainment

[Ryan Hoover @rrhoover]

@eoghan @salesforce @fin_ai Wow!

[Ryan Hoover @rrhoover]

@bygregorr filtering for collaborative, non-lead investors

[Ryan Hoover @rrhoover]

@gaussdevhere lol, actually considered it :)

[Ryan Hoover @rrhoover]

Y'all can stop tagging me in this thread. I sold the SF condo. 🫶🏼

[Peter Steinberger 🦞 @steipete]

I'm still homeless in SF. If anyone's renting or selling a nice place, slide into my DMs. The hotel room is getting old.

[Ryan Hoover @rrhoover]

@Bfaviero Yeahhhh. I am lame.

[Ryan Hoover @rrhoover]

When you’re trying to sleep in NYC after the Knicks won

[Ryan Hoover @rrhoover]

@paulg I've avoided using "non-technical" for that reason

[Ryan Hoover @rrhoover]

@EthosVentures @ZacharyDash @steipete I should rebuy it

[Ryan Hoover @rrhoover]

@swerdlin @steipete I sold it 😢

[Ryan Hoover @rrhoover]

@KrauseFx @steipete I sold it in Feb. I should have waited for the IPOs. 🤷‍♂️

[Ryan Hoover @rrhoover]

@ankurnagpal @AngelList ACCESS

[Ryan Hoover @rrhoover]

@BrianNorgard These IPOs are going to birth SO much more activity among angels

[Ryan Hoover @rrhoover]

SPCE is not SpaceX. This conflation happens with every big IPO.

I have a new investment strategy.

[Ryan Hoover @rrhoover]

Underrated benefit of designing in Claude Code:

Because it has access to the db it can find patterns in real world data to present information in non-obvious ways.