immad

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immad

immad

@immad

CEO @Mercury. Investor: @RappiColombia, @Airtable, @Rippling, @SubstackInc, @AppliedInt, 300+. Cohost of Founders in Arms Podcast.

San Francisco, CA Katılım Temmuz 2007
2.5K Takip Edilen220K Takipçiler
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immad
immad@immad·
Over the years, I have tried to share learnings from my startups and seed investing. Decided to combine my startup tweets+tweetstorms into a tweethurricane. Here are my learnings + advice, from pitching investors to getting through the journey:
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Jason Geater
Jason Geater@jasongeater·
@immad I love seeing these posts; indicative of secular top. Now, we just need issuance to ramp up… queue the SpaceX and Co. IPOs… 📉
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immad
immad@immad·
I made as much money selling half my small investment in Rappi in 3.5 years as I did from 8 years of grinding my previous startup. It was a little depressing how one investment that took relatively little effort amounted to the same as 8 years of a hard startup.
Ankur Nagpal@ankurnagpal

Power laws are so crazy I know many very good and successful entrepreneurs who sold their startups for a lot of money But still made the majority of their wealth from being a small investor or advisor in another business that ended up getting 10 to 100 times bigger

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immad
immad@immad·
@javiderausquin Sure. The journey of investing is relatively uninteresting compared to building a startup.
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Javi d'Erausquin
Javi d'Erausquin@javiderausquin·
@immad but what about the journey of building Mercury? that's priceless
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Mercury
Mercury@mercury·
Run: mercury hat Get yours.
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immad
immad@immad·
Mercury CLI is live! Install now: curl -sSf cli.mercury.com/install.sh | sh Our @Mercury MCP has been growing like crazy so I am excited to see what people do with the CLI too. AI is changing how people access services, I talk about this more in the podcast clip attached.
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immad
immad@immad·
6/ Not a bank (for now) disclaimer :) * While we’ve received conditional approval to become a bank, Mercury today is a financial technology company, not a bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
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immad
immad@immad·
1/ Today @Mercury received conditional approval from the OCC to establish Mercury Bank, N.A. I started Mercury in 2017 to build the bank I wish had existed as a founder. Nearly a decade later, we’re getting there. 🧵
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immad
immad@immad·
AI is great at remixing existing design patterns. Building something genuinely new? That's still a human problem. Full conversation in bio.
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immad
immad@immad·
@brycebjork what do you mean by "pulled transactions"?
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Bryce Bjork
Bryce Bjork@brycebjork·
@immad would be amazing if mercury personal pulled transactions from credit cards (eg amex)
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Jonathan Simcoe
Jonathan Simcoe@jdsimcoe·
it was wild watching @claudeai Design spin up a working version of our @mercury design system after spending 10m with our code. it got 90% there on the first try. also getting a full feature prototype live took minutes.
Jonathan Simcoe tweet media
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immad
immad@immad·
@blade_nd @mercury Hi Erick, We will definitely do this. Dont have a timeline to share with you right now. Our customers can use Coinbase/Circle/etc to get most of this functionality, but agreed that it would be nice if it was fully integrated.
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Erick
Erick@blade_nd·
Day one of tagging @immad and @mercury for stablecoin support. tf's going on, either it's coming around a corner or y'all are going to miss a generational run and marketshare. who's calling the shots here
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immad
immad@immad·
@arram It was a genuine question!
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Ryan Wiggins
Ryan Wiggins@rywiggs·
AI trustworthiness depends on data quality, which is why @mercury uses what we call Canonicals Canonicals are accurate source data, linked and included in LLM responses These are system level primitives. Our LLMs only return fully-sourced data points, minimizing hallucinations
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Jay Kapoor
Jay Kapoor@JayKapoorNYC·
Just 6 vintage years produced 85% of ALL venture returns since 2000. If you think you can time venture, @Noah_L came with receipts that'll prove this thinking B.S. Noah Lichtenstein runs @CrossoverVC a unique fund-of-funds with access to ~800 companies and he has 120+ data points tracked on every one. He's backed 23 managers like @immad @yuris, @andykonwinski, @jaltma who he says, can win with a median fund size of $40M. Emerging manager allocation is now down 81% from 2021. Money flooding to mega funds. Noah thinks that's *exactly* the right time to back operator-led Fund 1s. His math: with 10% entry ownership, a $40M fund has a lot more ways to return 3x than a billion-dollar fund that needs $30B in exits. His hottest take: early-stage funds might produce liquidity faster than growth-stage. $500K at seed, you sell down by Series C. Lead the A and sit on the board? Locked in til IPO. Noah admitted he doesn't do a lot of talk shows or podcasts. But when he shows up, man, he shows up with ALL the data. Full conversation on the new CLIMB. This one you won't want to miss
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