Deepak Ravichandran

A* keeps showing up in 🔥 early rounds. one of the clearest “emerging breakouts” atm alt was… now have them, conviction, and gil in this bucket (aum x fund velocity x winning competitive inception rounds) 🫡

The acquisition is at $300M, all cash. Early investors Afore, Kearny Jackson invested at <$5M in the first round. Congrats to all involved!

We take our next big leap — to continue building for you We're immensely grateful to everyone who has been a part of this journey ❤️

This is the point where AlphaSense hits escape velocity. After a massive effort iterating, a few weeks ago we quietly launched fully AI-hosted Expert Calls. Feedback has been incredible. AlphaSense created a self-reinforcing flywheel where context from our system feeds a smarter AI-host. You’ll be amazed at the industry context, follow up questions etc - that come from having the context of all the prior calls synthesized by our Deep Research. A few years ago AlphaSense acquired an early but exciting business called Stream. They had a built in flywheel of buyside analysts hosting calls with experts – in exchange for charging only cost for the call, the call was transcribed, reviewed by a professional compliance team, and published in a library. This content set truly grew like wildfire – with ARR up >20x since acquisition. Then, a year ago we acquired Tegus – the leader / gold standard in the space. >50% of the midas list hosts their calls on Tegus. I am actually continually shocked at the caliber of investors hosting calls. All of a sudden AlphaSense + Tegus grew to a library >200k, on pace to hit 9k / month shortly. Then came AI – LLMs have flipped from dumb to smart and can now easily make sense of the library. That then becomes a smarter set of tokens to feed in to the system → which then leads to better calls (by both clients and AI) → which leads to better information in the platform —> which leads to better context … Have no fear – the AI led calls will be separately labeled and investor led will continue to grow rapidly (just like Twitter – some people love the game [100x more love consuming]). But our search system essentially has the mind of the market and can now automatically fill the gaps. We’re in Alpha testing on externalizing the system to let clients host their own AI-led Expert Calls – reach out if you’d like to test.

Token consumption at AlphaSense sharply inflecting YTD. This is just with a fraction of users with Deep Research All roads lead to skyrocketing inference

Since we kicked off PermitSF, our team has gone under the hood, figuring out how to make the city’s permitting system truly customer focused. Today, I announced a major step we are taking towards that goal. Next week, we will introduce legislation to deliver on our first set of permitting goals, which will reduce permit times for nightlife and entertainment uses by eliminating unnecessary steps in the permit review process. We're cutting red tape by making sure entertainment permits only go to the departments that actually need to review them. That means no more unnecessary reviews from Planning or Building Inspection when they're not relevant. This will apply to permits for things like amplified sound, live performances, extended hours, and places of entertainment. These changes will save businesses tens of thousands of dollars in fees and shave off at least a month from permitting timelines—and time is money. With these changes, venues and businesses will open faster, book talent sooner, and focus on what they do best—bringing life, culture, and fun to our city.

if i interview one more new grad who wants to own “strategy,” i’m going to lose it