Founding Investor @AvidVc in NYC investing in #fintech, #internet, and #software. Formerly @bessemerVP. Active Fellow @BirthrightExcel. Proud @Penn alum.
Novella raised $21M to give insurance brokers super-powers.
We’ve spent the last two years working with insurance brokers and carriers to answer their one question - how will AI impact my job?
Today, we’re sharing the answer:
Excited to announce this milestone.
We are deploying long-horizon agents at scale that can do real work in the real economy. Our agents can already operate reliably for hours at a time and I expect that to be days by the end of the year.
We can barely keep up with demand. If you want to come join and work at the frontier for the most intense, fast-paced couple years of your life, send me a note.
We've raised $100m at a $1.15b valuation from @Accel, @GVteam, and existing investors to accelerate deployment of the most capable and accurate accounting agents across CAS, tax, audit, and advisory.
Basis is used by 30% of the Top 25 accounting firms and dozens more across the Top 150.
Today we're announcing the first accounting agent to complete a business tax workbook end-to-end.
Our focus on production-grade, long-horizon agents means that 12 months from now, the work Basis handles will make even this look routine.
We're looking for a few very intense people who want to build at the frontier.
We’ve raised a $20M Series A from @IndexVentures, @BainCapVC, and @eladgil, with participation from @sequoia, @CooleyLLP, and @patrickc
It took us 173 days to review our first 1,000 contracts. Now, we do this every three weeks. Even as we’ve scaled, we’ve kept our signature speed. We send back over 90% of redlines in just a few hours.
Each month, 30% more GTM teams choose to partner with Crosby to close deals faster, and we’re grateful to support several of the fastest-growing companies in history like @cursor_ai, @Polymarket, and @baseten
Our mission is to fully automate human-to-human negotiation. If you’re excited about building the platform to simulate and solve every complex agreement, we’d love to hear from you.
It's been great working with @OpenAI to build frontier accounting agents that are increasingly taking on more complicated and longer running workflows.
If you're looking to work at a company deploying agents in production to automate material parts of GDP, shoot me a dm
If you used to work at an NYC tech company and want free 10k:
Just DM me a note with top 5 people you've worked with in eng/product. No intro needed. just 5 names and if we hire any of them in the next 12 months I will pay you 10k. You don't need to do any work.
Introducing Deployed Intelligence
Intelligence is becoming abundant. Putting it to work remains hard.
A new era demands a new approach
For the first time in history, we can give every accountant the equivalent of a 50-person team to support their work. A team of capable professionals that is instantly available and always-on.
But this sudden leap in capability comes with a challenge: we’ve changed the tools to do the job, but not the mental models. We’re asking accountants to go from doing the work to directing a team of agents… and we need to teach them how!
This is the silent failure mode of most enterprise AI efforts: assuming that adding AI to existing workflows will just work. It won’t.
Empowering users with AI demands new ways of thinking about work.
The AI revolution will be deployed, not just built
Everyone is watching the progress frontier models are making with great interest and rightly so. Fewer people are focused on the messier, perhaps more important challenge: getting the intelligence into the hands of users to do real work.
We continue to believe that AGI will arrive faster than people think (short timelines) but will take far longer to diffuse (slow takeoff).
The friction is not only technical; it’s human and organizational. It’s legacy software. It’s institutional habits. It's rigid workflows designed in an era where intelligence was scarce.
And that’s why deployment matters.
Over the last two decades, we’ve seen several waves of software deployment models, from on-prem to SaaS to bespoke platforms. With each wave came new deployment roles: implementation managers, solution engineers, and forward-deployed engineers.
Now, we believe a new phase is emerging: one defined not by implementing software, but by deploying intelligence.
Deploying intelligence will be a defining challenge
In an age of abundant intelligence, simply having AI isn’t enough. The advantage goes to those who learn to wield it well.
This applies at every level:
Individuals who learn to collaborate with AI will dramatically outperform those who don’t
Companies that embed intelligence into workflows will outpace those who merely bolt it on
Solution providers who master deployment and make intelligence usable will lead the way
Deploying intelligence is challenging because it is about fundamentally changing the way work gets done, rethinking how users interact with software, and embedding AI so deeply into workflows that it feels like second nature.
That’s why we’ve formed the Deployed Intelligence Team at Basis.
What does deploying intelligence look like in the real world
Deploying intelligence means effectively guiding organizations through the shift from software-driven work to intelligence-driven work.
The Deployed Intelligence team is the group on the front lines; we parachute into our customer’s organizations, learn their unique context, and give them the tools to redesign their accounting workflows around intelligent agents.
It means creating a future where AI isn’t an add-on, but rather the backbone of how accounting work is done.
So who will do this kind of work?
It’ll be someone who looks at how things are done today and says, this doesn’t make sense, it can be done better. Someone who learns new technology faster than anyone else on their team, and then feels compelled to teach it to everyone around them.
If that’s you, you’ll feel right at home here. Whether you’re an accountant or not, this team is for people who understand the future of knowledge work and want to be the ones creating it.
Shape the Future with Us
If you’re excited about deploying intelligence into the real economy then come join us
Grateful to be part of this one-of-a-kind team as I step into this new role as Partner at @AvidVc after 4.5 years of learning from the best in the business (@addielerner)! And, this team just got even better with the addition of @ZeezaCole -- I'm honored to call you my partner!
I am so excited to welcome @ZeezaCole to the @AvidVc team as a Partner and to congratulate @talivog on her promotion to Partner!
Zeeza & Tali are forces of nature & unbelievably dedicated to their founders. We are lucky to have Zeeza join us & thrilled to double down on Tali :)
We’ve raised $34m to accelerate our goal of equipping every accountant with a team of AI agents.
Led by Keith Rabois at Khosla Ventures with Nat Friedman & Daniel Gross and continued participation from Better Tomorrow Ventures, BoxGroup, and Avid Ventures.
Excited to also welcome:
Aaron Levie, Adam D’Angelo, Amjad Masad, Azeem Azhar, Clem Delangue, Claire Hughes Johnson, Jack Altman, Jeff Dean, Jeff Wilke, Kyle Vogt, Larry Summers, Lenny Rachitsky, Michele Catasta, Noam Brown and others
We are thrilled to announce our $87M Fund II to continue to back exceptional software & fintech founders. Thank you to our incredible LPs, co-investors, & visionary founders for making this milestone possible.
And thank you @agarfinks@fortunemagazine!
https://t.co/qhOA3VDoYi
Announcing @AvidVC's $87M Fund II! I am so proud of our special team & the portfolio of inspiring founders we have built and incredibly grateful for the support of our LPs, co-investors, & advisors. Thank you for believing in & betting on us!
https://t.co/3sahsDBXZd
Announcing @AvidVC's $87M Fund II! Proud of the Dream Team we've built & the exceptional founders we've backed, & grateful for the LPs, advisors, & co-investors who've believed in us.
Thanks @agarfinks at @FortuneMagazine for this well-written piece!
https://t.co/4ruAqsNaCU
So honored to continue to back the @thatch_ai team!
To anyone figuring out health insurance ahead of open enrollment, experiencing rising premiums, or finding that your current one-size-fits-all plan doesn't quite suit all your employees: I highly recommend checking out Thatch!