Nick Beim

Partner @Venrock, Investor/Director @Altruist, @_MomentHQ, @GetVanilla, @FinnyAI, @Dataminr, @PercipientAI, @InterosInc, @CFR_org @Endeavor_Global

[Nick Beim @NickBeim]

@Altruist’s powerful new “tax mode” AI capability caused a DeepSeek moment in wealth management, wiping out $130 billion in market value. What happened and why, and what lessons does this hold for AI in financial services? @jasonwenk @Venrock https://t.co/8u87j1gQTD

[Nick Beim @NickBeim]

@Altruist’s powerful new “tax mode” AI capability caused a DeepSeek moment in wealth management, wiping out $130 billion in market value. What happened and why, and what lessons does this carry for AI in financial services? @jasonwenk @Venrock 👇https://t.co/0hONOnAcDo

[David Weisburd 🚀 @DWeisburd]

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐌𝐨𝐬𝐭 𝐀𝐈 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐰𝐨𝐧’𝐭 𝐟𝐚𝐢𝐥 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡 𝐢𝐬 𝐛𝐚𝐝.

They’ll fail because they never had a moat.

Let me explain.

In my recent conversation with Nick Beim, one point kept resurfacing—quietly, but decisively:
General intelligence is becoming cheap.
Context is not.

That’s the central mistake most founders (and investors) are making.

They’re racing to build horizontal AI— models, copilots, wrappers, “smart” features.

And wondering why differentiation evaporates.

Here’s the paradox:
The smarter AI gets, the less valuable intelligence alone becomes.

Let that sink in.

What actually compounds isn’t the model.
It’s where the model lives.

In workflows.
In regulated environments.
Inside messy, human, high-stakes decisions.

That’s why vertical AI matters.

Not because it’s sexier.
But because it’s harder.

Horizontal platforms want to win everything.
But they can’t:
• They don’t own the data
• They don’t sit inside the workflow
• They don’t have trust or relationships
• And they can’t absorb infinite edge cases

That friction is the moat.

Here’s the reframing most people miss:
Moats don’t come from intelligence.
They come from context + distribution + trust.

An AI that understands your business,
your incentives,
your constraints
will outperform a “smarter” model every time.

Practical takeaway for founders and investors:
If your AI product can be replicated by a prompt,
you don’t have a business.
If your advantage disappears when the API price drops,
you don’t have leverage.

But if your product is embedded in decisions people can’t afford to get wrong?

That’s where asymmetry lives.

Thank you Patrick Ewers for the kind introduction!

We’d like to thank @AlphaSenseInc for sponsoring this episode!

#AI #Startups #Investing #Leadership #Founders

[Nick Beim @NickBeim]

Excited to invest in @FINNYAI, a "shortcut to the Holy Grail" in wealth management, which has seen explosive growth since launch. Great article by @martina__elena @Forbes. @Eden__Ovadia @victoria_toli @Venrock
https://t.co/yMS1zNVRiq

[FINNY AI @FINNYAI]

FINNY has raised $17M Series A led by @Venrock.

We're building the organic growth engine for financial advisors - helping them find the right clients at the right time, with the right message.

400+ firms. 50x growth. Just getting started.

[Eddie Fishman @edwardfishman]

Really fun conversation with @chrishughes, @jessbrandt, and @NickBeim on how the U.S. government has shaped markets in the past and present

Grateful to @CFR_org for hosting this thoughtful discussion. Watch here: https://t.co/yHh8vuTA1K

[Dylan Parker @djacksonparker]

Thanks so much for having me, @NickBeim. Glad to have the support of @Venrock!

[Dylan Parker @djacksonparker]

First tweet ever. Hopefully the Series C won’t be the second.

@_MomentHQ has raised a $36M Series B led by @indexventures to automate the $150T fixed income market.

We're also announcing our partnership with LPL Financial, the largest broker-dealer in the U.S.

Our team automated bond trading at Citadel and Jane Street - now we’ve assembled a world-class team to power every mission-critical workflow in fixed income.

Thanks @PaigeSmithNews for the write-up in @business, and to @a16z, @lightspeedvp, @Venrock, @neo & @contrary for the continued support.

And welcome, @janatindex to the board.

[Nick Beim @NickBeim]

Excited to double down on our investment in Moment, a company rewriting fixed income infrastructure that was founded by the team that built the automated credit desks at Citadel and Jane Street. Off to an exceptional start. https://t.co/YRE2l845IK

[Nick Beim @NickBeim]

Great to see @Dataminr weigh in at #7 on the #NatSec100, the top 100 companies driving forward national security. Outstanding work @TedBailey & team. https://t.co/AHAWuZwUM6 @Venrock

[Altruist @altruist]

Altruist is now valued at $1.9B as over 4,700 advisors choose a platform built for modern, independent firms.
@barronsonline covers the latest:
🔗 https://t.co/88BvebjI7B

[Nick Beim @NickBeim]

Excited to speak with Josh Lipton on @YahooFinance about the defense technology boom and how emerging technology is changing the character of modern warfare. @Venrock #DefenseTech https://t.co/pS6GtjgHLq

[Nick Beim @NickBeim]

Great story about how @jasonwenk founded @altruist and the entrepreneurial lessons he'd learned from his previous companies that shaped his thinking. https://t.co/IGCBZhdJZb

[Nick Beim @NickBeim]

Great to see the blowout progress of @Altruist, the newcomer RIA custodian with cutting-edge tech in an industry dominated by a legacy duopoly. Raised $169m at a $1.5bn valuation, growing revenue 550%. Congrats @jasonwenk & team. https://t.co/Bo4Ulezuzn

[Aaron Levie @levie]

What’s incredible about AI is the rate of cost reduction and efficiency improvements. You can build things that are cost prohibitive today knowing they’ll become economically viable shortly.

[FORTUNE @FortuneMagazine]

Exclusive: @Venrock ups its fund size for the first time in a decade, raising $650 million for its tenth fund. https://t.co/QVnPO1dB6L

[Nick Beim @NickBeim]

Fixed income demand has exploded since 2022, creating an opportunity to bring next-gen infrastructure to a mkt that has seen little innovation for 10+ yrs, We’re excited to be investing in Moment to take advantage. Killer team w/huge opportunity. @Venrock https://t.co/qvucvngNoq

[Nick Beim @NickBeim]

It’s great to learn from industry legends & even better to team up with them. Couldn't be more excited that Bill McNabb, former CEO of @Vanguard_Group, is joining @Venrock as an advisor to help build leading fintech co's of tomorrow. @altruist @getvanilla https://t.co/6ITfjL6fnv

[Nick Beim @NickBeim]

@altruist Exceptional hire!

[Nick Beim @NickBeim]

Hard to capture @altruist's momentum in a tweet, but in 4.5 years, it's become the 3rd largest RIA custodian, w/organic AUM tripling over past year and rev growing 1700%. New $112m funding will help them accelerate further. Hats off to @jasonwenk & team. https://t.co/zlwNOmBzP5