Ian McHenry

Today, we're announcing a $120M Series C at a $1.5B valuation, led by @ICONIQCapital with participation from @Theoryvc, @firstround, @Redpoint, and GV. Read the full note from our CEO, Colin Zima 👉 bit.ly/4sRDOsj

@omni @drinkzima @jamiedavidson @cmerrick Congrats!

Thanks to our amazing customers & team, our third birthday is another big one 🥳 Today we’re excited to announce $69 million in Series B funding. Check out our blog by @drinkzima to learn more 🔗 omni.co/blog/omni-seri…

@keivanshahida @tryresponse Such a cool and simple product you’ve built for a complex problem!

Response has raised $4M in seed funding to help companies take control of their indirect spend.(@tryresponse) Most companies lose 10-15% of revenue to unmanaged "indirect spend" like packaging, maintenance supplies, and office essentials. Here’s how we’re solving that. 🧵👇

Basedash is live on Product Hunt today! The world's first AI-native Business Intelligence Platform. We loved building this product, and we hope you love it too. producthunt.com/posts/basedash…

@elonmusk X shows the Kamala rally first, too, you idiot. So your algo is just as bad.

Just did a search for “Trump rally” on Google and Kamala was the top result!

Delighted to announce @paces_ai's $11 million Series A! This funding allows us to continue the incredible growth we have had over the last two years as we accelerate the transition to a green economy. This funding, led by our amazing partners at @navitascapital and @ResoluteVC, @ycombinator, @SuffolkTech_VC , @mcjcollective, @SomaCapital, @climatecapital and others will enable us to expand our capabilities in solving grid and permitting problems for our solar, battery, wind, EV charging and data center developers and get more projects built. Building Paces is the most impactful work of my life. We have built 1% of Paces. Back to work to build the rest.

@YieldOnCostSTR Any idea what % of direct bookings are return guests versus new guests?

Incremental progress on the direct booking front. (This is just looking at # of reservations, not dollar-weighted. My inclination is that VRBO and Direct would be a bit higher and Airbnb a bit lower if I went through exercise.)

@RyanDanz What does July and August look like on the calendar?

Thrilled and not at all humbled to announce @Saga_Ventures with @maxaltman and @itsthomson. We get to spend the next 20 years backing old friends and new ones as they change the world.

@bchesky Bluey house if you really want to target families…

Which icons should we build worlds for next? Will prioritize best ideas

I'd like to announce that @Golden has been acquired by @ComplyAdvantage. This takes us on a new mission of using the knowledge graph to fight financial crime. Comply Advantage is an AML (anti-money laundering) company which performs KYC (know your customer), KYB (know your business) and general transaction monitoring. They catch the bad guys in the systems you see all around you in banking, fintech and pretty much anytime money moves around. Golden and Comply Advantage will merge their knowledge graphs and data extraction systems, putting them to use to catch bad actors, whether these be companies, legal structures or people. The merged entity of Golden and ComplyAdvantage has become a unicorn upon the transaction, and I’ll be joining the board to advise and further this mission. It has been a monumental journey for the team and I since we launched back in 2019. I'd love to thank the team members, past and present, for everything that has been built and created over the years. I'd also like to thank our investors for supporting us all the way. Comply is run by some fantastic people including their founder @delingpole and CEO @VatsaNarasimha, and is backed by great investors including @balderton @IndexVentures @GoldmanSachs If you are in need of KYC/KYB/AML or transaction monitoring, ping us! Looking to the future - I'm excited to be joining the board, and will continue to ramp up the investing I've been doing, while learning new technical fields.

@Theoryvc @drinkzima omni.co/blog/happy-sec…

@RetiredFounder Warren Buffett is 93. Berkshire doing just fine.

@cuhpajo @gregisenberg I feel like that’s violating the @ycombinator code of ethics…

@gregisenberg this is the first time I've seen a semi-viral post get copied to Linkedin so quickly

There’s a bunch of people who should shut down their startups (or sell them) but don’t. A friend of mine is working on a startup. It’s been 12 years. The business does $2.3M ARR. He has raised $3.5m in VC funding. How do I tell him he should quit? He started the business with a full head of hair. The guy doesn't have 1 hair left on his head. And I know he's pretty stressed running this "zombie company". The business is growing enough to make him feel like he's on the right track and not enough for him to raise follow-on financing. I get his investor updates and no-one responds. I bet most VCs wrote off the investment long ago. He goes: "If I only get to $5M ARR, I can raise that big round and take a big swing". Yeah, maybe. But sometimes the hard way isn't the right way. Not everyone needs to be Mark Zuckerberg or Elon Musk. You can still create value in this world by creating businesses that are profitable, provide dividends to your team and yourself. Cheaper and more profitable ever to do it right now. You don't necessarily need VC. We don't talk enough about zombie companies. There're everywhere. And sometimes starting fresh is freedom. It's a new world out there.

@rohindhar $841/month…

@rohindhar Yeah gotta know the HOA fee

This downtown San Francisco condo has been on the market for 380 days

@jowyang Just look at how and where they vacation. Typically a tell tale.

Shhhhhhh. How can you visually tell if somebody has wealth in Silicon Valley? You can’t. You can’t judge people by looks, clothing, or the car they drive. I’ve met: sloppily dressed 28–year-olds that are worth over 10 million. People who drive 20-year old beater Toyotas but own a mansion. People who wear the same thing every day, but are CEOs. In Silicon Valley don’t judge on looks.

@rabois @ken_Kenobi1 projects.fivethirtyeight.com/polls/presiden…

@ken_Kenobi1 every NH poll shows the same.

incredible. On the precipice of beating the last GOP President in a primary.

@jdnoc Feels like coming from modest means is the common denominator. Taking chips off the table to have what to you is a life-changing amount of money.

Pattern I’m noticing: Many deca-millionaire, centi-millionaire, or billionaires have a story that starts with them selling their first company (in a very boring but reliable market) for $10M-$20M and netting at least a few million personally. Then it’s just continuing to play the game with higher stakes, bigger markets, and bigger ideas. This first exit should be the first goal of aspirational entrepreneurs who want to tackle bigger things later in life. Not building a billion-dollar-company on their first try.