Scott Smith

Founder at Mine (YC S21), helping young adults achieve their dreams.

[Scott Smith @imscottsmith]

Andrew is obsessed with solving what is a very hairy problem for companies of all sizes. Congrats on the Series A brother!

[Andrew Rea @andrew__rea]

Today we announce raising our Series A and $25M in total funding to do more of the work for the hundreds of companies that trust us with their sales tax and the thousands more we want to serve.

Indirect tax is the least sexy, biggest problem in almost every company that sells anything. In the US, businesses remit over $600B in sales tax a year. Globally it's ~$5 trillion in VAT.

It never goes away. It only gets bigger.

And it lands on people who never signed up for it.

Your controller. Your VP of Finance. Your CFO.

[Scott Smith @imscottsmith]

@yuris I’ve gotten a ton of work done in NYC Ubers using my trusty Verizon hotspot but long $SPCX

[Scott Smith @imscottsmith]

@mprkhrst @tjparker is Walter White with much cooler specs and a superior beard

[Scott Smith @imscottsmith]

At some point in your twenties there emerges a Choose Your Own Adventure game where you can elect to encourage or suppress personality traits you’ve observed in your parents. The real gameplay is in sorting which traits are inherited and which are de novo.

[Scott Smith @imscottsmith]

@sazabi @TechCrunch Congrats @shcallaway!

[Scott Smith @imscottsmith]

@ycombinator @golda @greybaker congrats @golda!!

[Scott Smith @imscottsmith]

@davidu Made card is the most interesting here paging @alexsongis

[Scott Smith @imscottsmith]

I spent part of my childhood on big commercial development sites in the Midwest. This couldn't resonate more. Excited for the future @MaximilianMona is building.

[Max Mona 🇺🇸 @MaximilianMona]

https://t.co/hkkL890sET

[Ilya Fushman @ilyaf]

Thrilled to announce KP22, our twenty-second venture fund with $1 billion to back early stage companies, along with $2.5 billion in growth funds to back high-inflection, category-defining businesses — $3.5 billion in total.

AI is reshaping every industry from the ground up, faster than anything seen before. This is the moment to build.

Grateful to our team, and the founders and LPs who’ve trusted us over the years, and looking forward to partnering with the next generation of history-making companies.

https://t.co/FVhpTE0yOy

[Scott Smith @imscottsmith]

@zehranaqvi Liftoff! Congrats @zehranaqvi can't wait to start exploring

[zehra ✨ @zehranaqvi]

The internet curated for the obsessed. Welcome to Lore.

[Scott Smith @imscottsmith]

@fintechjunkie @zehranaqvi

[Kleiner Perkins @kleinerperkins]

Congrats to the team at @mine_financial (formerly Fizz) on their Series A and the launch of MoneyGPT, an AI money agent for young adults to achieve financial independence.

@imscottsmith, @carlowillem

[Scott Smith @imscottsmith]

@mine_financial is live in New York City and viral on TikTok and Reddit.

[Mine @mine_financial]

Mine is here. https://t.co/R3FzNgGr7o

[Natasha Jahchan @natashajahchan]

today, Fizz rebrands to Mine.

as the head of design, it's been an amazing journey to ideate, lead, and finally release to the world what we see as the future of finance.

here's how we did it 🧵

[Scott Smith @imscottsmith]

Congrats @maxrumpf @lotteseifert and @SID_AI team!

[SID @SID_AI]

we just released our first model: SID-1

it's designed to be extremely good at only one task: retrieval.

it has 1.8x better recall than embedding search alone (even with reranking) and beats "agentic" retrieval implemented using all frontier LLMs, including the really large and expensive ones (see chart).

we trained SID-1 using multi-environment, multi-turn RL on Qwen. it was a lot of work (a lot of which is documented in our tech report -- see pinned tweet).

our RL environments build on the idea that humans with search tools can find almost any information given sufficient iteration. like humans, SID-1 makes a first search, read the results, and adapts its strategy.

and it can do this much faster *and* better than frontier LLMs: 24x faster than GPT-5.1, 27x faster than Gemini 3 Pro.

the better part is critical! if a model is fast and wrong, it's just wrong. that's why we trained SID-1 until it was the most likely to deliver the correct results. bar none.

we're partnering with a small number of companies today and have a waitlist for everyone else. (we don't have enough inference compute for everyone yet).

[Beth Turner @ElizabethTurner]

Today I’m launching @Valkyrie_vc - a $45M early-stage fund investing in AI, infrastructure, and critical industries.

Grateful to the founders, partners, and friends I’ve worked with along the way. You’ve truly shaped how I invest and why I built Valkyrie.

To the founders: Valkyrie was built for you. To partner with you. To build what matters. This is our new frontier. Let’s build it.

Thank you to @_pheebini at @Forbes who captured the story → https://t.co/hqTVGn5Rxq

[Scott Smith @imscottsmith]

@zehranaqvi Top 3 favorite launch videos of all time

[Scott Smith @imscottsmith]

Steven's been there for us since day one. Excited to see @SevenStars_VC partner with visionary founders building AI companies that have longevity.

[Steven Lee @stevenl]

I’m thrilled to announce the launch of my $40M pre-seed and seed-stage fund, @SevenStars_VC, where I’ll be focused on partnering with visionary founders building enduring AI application companies across consumer and enterprise technology.

Seven Stars is deeply personal. It’s named after my parents, who immigrated from South Korea and started a clothing small business in Downtown Los Angeles - Seven Star Fashion. Their tireless work ethic gave me a future and inspires me to show up for founders with that same dedication.

I’m incredibly grateful to our founders, limited partners, co-investors, advisors, and my family for their unwavering support. Read more via @agarfinks in @FortuneMagazine! https://t.co/swpKcZgbey