https://t.co/7wm2KAAuyQ
"Follow the Money" - wrote a little something about the forces and incentives fueling the unstoppable AI trade, what could slow it down, and why I think there is still a long way to run.
**WORK UPDATE**
Over the past several months, I have been building something I’m incredibly excited about with my good friend, Charles Guan.
And today, we’re officially launching Las Casas Holdings!
Las Casas is a permanent capital holding company that acquires and grows high-quality technology businesses. These are companies often overlooked by PE and VC, but are highly mission-critical for their customers. And instead of optimizing for exits, our focus is to grow, compound, and reinvest the cash flow of our portfolio into new investments over a long time horizon.
What makes this strategy especially compelling today is AI. Modern tools that didn’t exist even a few years ago now allow small, dedicated teams to operate with enterprise-grade capabilities across product development, go-to-market, and operations. We’re using that tech leverage to help under-the-radar technology businesses grow and reach their full potential.
Whether you’re an investor interested in learning more, an engineer or operator who wants to help us build Las Casas, or a founder looking to sell your company, if this resonates, let’s connect!
Congrats to the @DistSpectrum team on the Series A fundraise. Super impressive how fast they are growing, all while solving a pressing technology need for the defense industry. Go team!
Life / Work Update:
After 10+ incredible years living in the Bay Area, I’m moving with my family to LA this summer. We’ve loved our time in SF and have built so many deep relationships.
As part of the move, I’ll also be transitioning to a Senior Venture Partner role with @felicis, where I’ll continue to work with and support my portfolio companies for the foreseeable future. There’s still so much work to be done, and I’m excited to spend more time with my founders.
The last 9 years at Felicis have been better than I could’ve imagined when I started as an Associate back in 2016. I’ve learned so much investing in companies across a range of markets, stages, and business models. I’ve been through countless ups and downs alongside my founders, and I cherish the relationships we’ve built and will continue to grow. I feel incredibly lucky!
Lots of gratitude to the Felicis team as well. The team is hard-charging, authentic, and kind. They live out their values every day - truly founder friendly; prioritizing transparency; learning and adapting rapidly. These are all lessons I’ll take with me to whatever I do next. Thanks @asenkut , @speechu , Katie, Teresa, @dashamaggio , and so many others.
As to what’s next…in the short term, I’ll continue working closely with my portfolio companies and focus on the move. Longer term, I have a bunch of ideas that I’m exploring, and I have a super open mind. Feels refreshing.
If you have any interesting ideas for me or want to brainstorm together, I’m all ears!
Enjoyed sitting down with Nini Hamrick and Brett Granberg to talk about their journey building @VannevarLabs and all the things they've learned along the way about scaling a defense tech company.
Incredible company, mission, and team, and they are HIRING!
.@VannevarLabs founders Brett & Nini are bringing Silicon Valley tech to national security. Hear how they're building products to de-escalate global conflicts in this conversation with @nikipez.
Watch the full talk: https://t.co/u1Rb1T3j52
“The biggest risk with AI is that we don’t go big enough.” - Peter Thiel, Founders Fund.
At Crusoe, we are making the promises of AI a reality. Thrilled to announce our $600 million series D funding and general availability!
https://t.co/lmTb21xQRe