Ian Spain

Head of Legal at @TrustVanta. Basketball, Pedestrian/Bike infrastructure, and SaaS. Opinions here are my own and not my employer's

[Ian Spain @iancspain]

@anandcpatelmdms @the_transit_guy

[Ian Spain @iancspain]

@p_millerd You can also just pay Monarch $100/year so you don't have to build/maintain your own software

[Ian Spain @iancspain]

If these numbers were accurate, Vanta legal would spend ~90 hours a week reviewing NDAs and ~400 hours a week reviewing other contracts (hint: we don't)

[Aakash Gupta @aakashgupta]

These numbers should scare you.

A human reviews an NDA in 6.2 hours for $2,480. AI does it in 11 seconds for 3 cents. contract redline, 35,000x cheaper. patent search, 45,000x. same quality, passes adversarial review.

Here's what that actually means, and it's bigger than "AI is cheap."

For decades every company checked a sample and trusted the rest. not from laziness, from math. a human reviewing every contract, every invoice, every line was never affordable. so you spot-checked and hoped.

These numbers just killed that math. when review costs three cents instead of thousands, "we could only check some of it" stops being a reason.

Freehand is the first company to build an entire product on that collapse, reading 100% of a company's invoices instead of a fraction, catching the overcharges and duplicates that always hid in the sample nobody had time to read. already live at Meta, Apple and J&J.

The table is scary because it's cheaper. the real story is that sampling, the way business has run forever, just stopped making sense.

[Christina Cacioppo @christinacaci]

It took us two years to grow from $10 mm to $100 mm in Annual Recurring Revenue and 15 months to reach $200 mm. Nine months later, we crossed $300 mm. Vanta’s growth rate increased each of the past four quarters – compounding really is the eighth wonder of the world!

“But wait,” you might be thinking. “How does a software company founded before 2022 *increase* its growth rate?” Narrative violation!

[Ian Spain @iancspain]

@NYCMayor Now do overnight street parking for cars! When did that start?

[Ian Spain @iancspain]

@sam_d_1995 Plus, the bars, restaurants, and grocery stores mostly stay open!

[Ian Spain @iancspain]

@chriswithans @YIMBYLAND can you identify ten (10) examples of this happening?

[Ian Spain @iancspain]

@JillFilipovic Six blocks of a subway station? Why? Do buses not exist?

[Ian Spain @iancspain]

@JillFilipovic his apartment isn't rent-controlled, it's rent-stabilized. rent control is so rare nowadays that it effectively doesn't exist anymore

[Ian Spain @iancspain]

@NYCMayor @CitiBikeNYC none of the bikes in this video are Citibikes

[Ian Spain @iancspain]

@NYPDPC Will there be zero tolerance for parking on sidewalks? If not, why will it be tolerated?

[Chris Friend @friendchristoph]

One place it appears the NYC congestion relief tolls are already working is the Holland Tunnel, where trips as of noon today are about twice as fast as normal

[Streetsblog New York City @StreetsblogNYC]

Fact check: All of the vehicles pictured here already require license plates and registration.

[Ian Spain @iancspain]

@p_millerd no need, there are lots of actual experts writing about it. look up 15 minute cities

[Ian Spain @iancspain]

@p_millerd looks like the closest grocery store is a 40 minute walk along streets with no sidewalks, or crossing six lane divided roads that are basically highways

[Ian Spain @iancspain]

@p_millerd the problem is that density without walkability means you're just sitting in traffic all the time, which makes people hate density

[Christina Cacioppo @christinacaci]

1/ Thrilled to announce we’ve raised $150mm Series C at a $2.45bn post valuation led by @sequoia alongside our existing investors @ycombinator, @CrowdStrike, @craft_ventures, @Atlassian, @Workday, and @HubSpot and new friends @GoldmanSachs and @jpmorgan. The terms on this round are exactly as we aim Vanta experiences to be: straightforward and clean.

[Vanta @TrustVanta]

Vanta was founded on a mission to secure the internet and protect consumer data.

Today, we’re excited to share another milestone on that journey—Vanta has raised $150 million in Series C funding at a $2.45 billion valuation!

Read more from @christinacaci 🔗 https://t.co/vQLn0dlyDR

[Ian Spain @iancspain]

@p_millerd it might, but decreasing cars is the only way to meaningfully decrease it. living near a highway is hazardous to your health: https://t.co/awE0X6eLt3