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“Science is the belief in the ignorance of experts”
-Richard Feynman (1966)
feynman.com/science/what-i…
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Alex Rampell
10.9K posts
Alex Rampell
@arampell
Silicon Valley entrepreneur (cofounder@ TrialPay, Yub, Affirm, Point, TXN), investor (General Partner @a16z), husband, father and sarcast (one who is sarcastic)
Palo Alto, CA Katılım Ekim 2010
1.5K Takip Edilen56.4K Takipçiler
Alex Rampell retweetledi
Small businesses have been overlooked. There is a great AI company to be built.
steijnpelle@steijnpelle
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$FIGR reported $1.4B monthly consumer loan marketplace vol for May, +135% YoY. We are lowering costs and adding liquidity where it didn't historically exist.
So we beat on ... boats against the current :)
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It is surprising to me that no one is freaking out about the planetary defense disaster that is putting all the GPUs in space ... elon narrative shift to Boring company AI ... in three... two... one.
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Alex Rampell retweetledi
We’re thrilled to lead Lassie’s Series A.
Most small businesses are run by reluctant operators. Owners set out to serve their customers and communities but end up buried in back-office work.
Dental practices are a perfect example. Dentists train to care for patients, but much of their time is consumed by insurance claims, payment reconciliation, staffing, and cash flow.
Lassie is building AI that runs small businesses, starting with dental practices.
Before writing a line of code, Cofounders Steijn Pelle and Frédéric Renken spent months working inside a dental office, processing payments by hand to deeply understand the workflow.
Lassie is not a copilot that creates more work for the practice to review. It does the work.
We’re excited to partner with @steijnpelle, @fredericrenken, and the @lassieai team as they build toward the small business that runs itself.
By @arampell and @omooretweets
steijnpelle@steijnpelle
Today, we're introducing Lassie and $47M in funding led by a16z. We're building AI that runs small businesses, starting with doctors' offices. Lassie is already trusted by 700+ practices across the country, working autonomously to provide them with 30 hours of labor per month. To get here, we first had to leave Robinhood and Superhuman to work in offices ourselves. Here's how that went.
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Alex Rampell retweetledi
Announcing @a16z's investment in Town 🎉
It's an AI assistant that truly knows you.
Since I joined Town a few months ago, it's run my work life - emails, to-do lists, meeting prep, reminders.
It can actually DO things for you and has full context.
x.com/jgreze/status/…
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Alex Rampell retweetledi
EXCLUSIVE: Lassie's AI agent helps dentists save hours of busywork. Now it's raised $35M from a16z.
It started when CEO @steijnpelle heard his own dentist complain about a sea of paperwork -- then embedded in his practice to learn first-hand.
My @UpstartsMediaCo exclusive 👀
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Alex Rampell retweetledi
Today, we’re launching @TownAI: the AI assistant that learns you.
We’re coming out of beta with a $55M Series A led by @ARampell at @a16z, with participation from @KirstenGreen at @forerunnervc and continued support from @firstround, @altcap, and @conviction.
Right now, getting real value from AI means prompting, configuring, building workflows, managing agents.
We think that’s backwards.
The future of AI is a companion that already knows you and how you work. Town connects across your inbox, calendar, Slack, docs, messages, and workflows to understand what you need, then starts doing the work with you.
Drafting. Scheduling. Project tracking. Follow-ups. Context gathering. Multi-step tasks. And it only acts when you say so.
All adapting to your voice, priorities, routines, and relationships over time.
Your Townie is the AI assistant you actually need.
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@P33RL3SS That’s an incredibly stupid example. Electromagnetic spectrum is fundamentally a public good (in an economics sense). Anyone can produce them (identically! unlike AI models!) which requires central administration to ensure they don’t interfere
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Imagine telling someone in 1990, when McDonald's finally opened in the USSR (w/ 50% ownership by Soviets):
“The Soviet Union will collapse, China will embrace markets, and an American senator will propose confiscating 50% of the country’s most important technology companies.”
Bernie Sanders@BernieSanders
I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America. This would guarantee that the trillions created by AI are used to improve the lives of all of us — and block oligarch decisions that harm the American people.
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@wholemars and they'll participate based on the massive taxes paid from the massive capital gains realized!
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If the government wants a stake in these AI companies, it should participate in the IPO.
Diluting those who put their capital into the company as well as the employees without compensation is not right.
Bernie Sanders@BernieSanders
I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America. This would guarantee that the trillions created by AI are used to improve the lives of all of us — and block oligarch decisions that harm the American people.
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@moseskagan This strain of communism is so common
They think Elon just discovered a mine of Teslas in California (why it was founded here) and just pulls them out of the mine
The mine was already filled with Teslas waiting to be extracted
And if he goes ANYONE can just extract them
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Everyone should read this quote.
America does not *automatically* produce a surfeit of jobs and wealth.
America produces jobs and wealth because our system protects property rights, enforces contracts, and otherwise mostly frees ambitious people to go out and get paid to solve problems for others, which generates wealth for them and for everyone else.
Swann Marcus@SwannMarcus89
One of the most important things to remember on Twitter dot com is that Matt Stoller is legitimately retarded “America automatically produces a surfeit of jobs and wealth and the problem is one of solely distributing the bounty” lol. LMAO
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Alex Rampell retweetledi
University of California STEM professors want standardized tests back due to severe math deficiencies among students:
“We now observe preparation gaps so severe that instructors must reteach middle school mathematics”
“The current admissions metric, based primarily on GPA & essays, can no longer reliably distinguish readiness for university-level STEM majors in an era of severe grade inflation & AI assisted application essays”
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@gabriel_zucman This is profoundly dishonest work, reframing tax against a denominator of wealth when it does not and has not worked that way AND WEALTH PLUNGES TOO. You know this, of course, but are too committed to your communist outcome, laws and facts be damned.
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New research: we have studied the wealth of the 200 Californian billionaires and what they effectively pay in tax.
From Mark Zuckerberg (Meta) to Sergei Brin and Larry Page (Alphabet), the results are edifying. 🧵
nytimes.com/interactive/20…
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My partner @davidu is a superstar and always has been. So privileged to work with him.
Arena Magazine@arenamagdotcom
"The internet was the first time in my life where I felt like, if you had an idea, you could make it a reality. It's similar now with AI — for people that are not technical, all they need now is an idea and the agency, and they can turn an idea into reality." In the latest installment of Principals, @carsonjbecker sits down with @a16z General Partner @davidu to talk defense procurement, cybersecurity, and rebuilding the American industrial base. Read the full interview at @arenamagdotcom
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@futurenomics @Danhightower You can’t control it, it has to be passive, and can’t be tied to your employment or be subject to vesting (normally if you found a VC backed company, you own the shares immediately but they’re subject to *repurchase* and vesting just erodes the repurchase right)
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@arampell @Danhightower i was always under the impression that a roth couldn't hold shares of a company you control?
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Founder hack: form a startup as an LLC first, then convert to a C‑corp once the LLC is worth several million (but under the QSBS $75M cap) so that the higher fair market value becomes your “basis” for QSBS and you can exclude up to 10x that amount from federal tax on exit, potentially turning hundreds of millions of gain into 0%-tax QSBS instead of being limited to the flat $10–15M cap. You're welcome have a good weekend.
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.@tweetoferic came up working with Max Levchin & Peter Thiel, and has invested in and helped build numerous amazing companies.
Eric’s launching a new fund where he sees missed opportunities in today’s VC world.
He’s also getting married today, here in Austin! Congrats, Eric! 🇺🇸
American Optimist@AmOptimistShow
EPISODE 155: The Biggest Missed Opportunity in Venture Investing @JTLonsdale sits down with @tweetoferic How is VC evolving? Where are the dislocations? How is AI changing the game? (00:00) Episode intro (01:30) Meeting Max Levchin and learning to invest (06:30 Launching SciFi VC (12:05) How VC is changing (13:40) Biggest missed opportunity in venture (16:15) Enormous dislocations in the market (21:30) How AI is changing the game (24:00) Overlook Capital (27:50) Optimism for the future
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