Hanover Park

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Hanover Park

Hanover Park

@hanoverpark

AI-native fund operations. $15 billion in assets

New York, New York Katılım Eylül 2024
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The Peel
The Peel@ThePeelPod·
I talked to @chrishlad about competing against companies who think of engineering as the IT department: "If you're one of the greatest engineers in the world, why would you work somewhere you're a 2nd class citizen? Never in your wildest considerations or nightmares would you join one of our legacy competitors that doesn't care about you. If Ramp can make expense management sexy, you as a founder can make your category sexy. At @hanoverpark we wanted to build a hacker culture. A team of elite engineers, who otherwise might join an AI lab, and have a deep obsession with building for the most complex fintech and data problems in the world. That's a very different value prop than a legacy fund admin we compete against."
Turner Novak 🍌🧢@TurnerNovak

New podcast with @chrishlad 🔥 We go inside @hanoverpark's $27M Series A, the AI-native services business model, turning customers into raving fans, and how building a general ledger from scratch enabled them to create incredible AI products for investment firms that touch over $100 trillion in assets. Thanks to @numeral and @FlexSuperApp for sponsoring the episode! Timestamps: 0:37 Financial infrastructure for investment firms 1:35 Hanover Park’s $27m Series A 5:30 AI-enabled services businesses 9:07 Productizing the service layer 11:30 Helping CFO’s and investors use AI 13:46 Building a general ledger from scratch 18:03 Compete against companies with IT departments 19:55 Hiring in an unsexy industry 21:30 Live in constant paranoia of your customers 25:19 Gongs, music in the office, blizzard commutes 28:54 Friday night hackathons 30:54 Automating onboarding and manual admin work 35:05 Real-time visibility on all data 38:07 Always get on the plane 40:36 Turning customers into raving fans 43:45 Using polite persistence in sales 47:36 How to master founder-led content 51:29 99% of advice is wrong in AI era 54:21 Importance of one-way vs two-way doors 56:11 Growing from VC into PE and Private Credit 1:00:36 When to turn down new customers 1:02:22 Becoming a customers most important vendor 1:04:00 Chris’ personal AI stack 1:07:41 Hanover Park’s MCP

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Turner Novak 🍌🧢
Turner Novak 🍌🧢@TurnerNovak·
New podcast with @chrishlad 🔥 We go inside @hanoverpark's $27M Series A, the AI-native services business model, turning customers into raving fans, and how building a general ledger from scratch enabled them to create incredible AI products for investment firms that touch over $100 trillion in assets. Thanks to @numeral and @FlexSuperApp for sponsoring the episode! Timestamps: 0:37 Financial infrastructure for investment firms 1:35 Hanover Park’s $27m Series A 5:30 AI-enabled services businesses 9:07 Productizing the service layer 11:30 Helping CFO’s and investors use AI 13:46 Building a general ledger from scratch 18:03 Compete against companies with IT departments 19:55 Hiring in an unsexy industry 21:30 Live in constant paranoia of your customers 25:19 Gongs, music in the office, blizzard commutes 28:54 Friday night hackathons 30:54 Automating onboarding and manual admin work 35:05 Real-time visibility on all data 38:07 Always get on the plane 40:36 Turning customers into raving fans 43:45 Using polite persistence in sales 47:36 How to master founder-led content 51:29 99% of advice is wrong in AI era 54:21 Importance of one-way vs two-way doors 56:11 Growing from VC into PE and Private Credit 1:00:36 When to turn down new customers 1:02:22 Becoming a customers most important vendor 1:04:00 Chris’ personal AI stack 1:07:41 Hanover Park’s MCP
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Chris Hladczuk
Chris Hladczuk@chrishlad·
We raised a $27M Series A to replace the spreadsheets and human duct tape behind $100 trillion in global assets. Fund administration is the invisible backbone of private equity and venture capital - and it’s broken. Why? Financial data is scattered, stale, and locked inside legacy providers. Books take forever to close. Basic questions about your own fund take days to answer. So we rebuilt the general ledger, waterfall engine, investor portal, and portfolio management from scratch. One single source of truth for your firm. Our AI agents read emails, propose journal entries, and extract portfolio updates in seconds. Our CPAs review every output. Today, we administer $15 billion in assets - and we’re just getting started. Every fund CFO keeps getting asked: how will you adopt AI? Now you have an answer. Run your firm in real-time with @hanoverpark. –- Excited to partner with Jake Saper at @emergencecap @peterjhebert at Lux, @chadbyers/@pratyushbuddiga at Susa and CFOs at the largest private equity firms to forge this future.
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