Tommy Leep

“In a world in which automation will collapse the cost of everything to basically zero, the only question that matters is what do you actually want. What do you consume. What do you put in your body. What you put in your heart.”

New USVC Investment: We just invested $5M in the @mercury Series D with a16z, Sequoia Capital, TCV, CRV and others This investment was directly on the cap table with no underlying fees or carry Here's why we are so bullish on @immad and team:

All of my founders/VCs text groups have recently become Anthropic interview prep support group.

The Lenny and Friends Summit returns on Thursday, September 10, in San Francisco

Today, I'm announcing Refactor 5! 🎉 Another $50M backing seed-stage hard tech founders. New site and article from @ryajetha at Business Insider (links below). 5 funds. 10 years. ~$300M AUM. 1 employee. Thanks to the founders who've trusted me with their companies these last ten years. And to the LPs who keep backing me fund after fund. Aerospace, bio, critical materials, energy, robotics. Most have AI at the core. Some call it physical AI. I'm old school. I just call it hard tech. 😎 I'll bring R5 online next year as I keep investing from R4. Founders, hit the Contact page or DM. #BetterCallZal @refactor

@Rick_Zullo You say this every 5 years, and you’re right

Tremendous about of VC capital being used for PE/Infrastructure opportunities without a refined understanding of how these segments of asset management work We’ve seen this show before and it has NOT turned out well

@thogge Congrats, Tyler! Stoked to see what you choose to do next.

[some quick news]: After 3 of my favorite years at Pelion, it’s time for me to run at a new challenge. I’m incredibly grateful to my partners and lifelong friends for the opportunity to join Pelion after Divvy was acquired. It’s a special firm, and I’m excited to stay close with everyone. I’m equally grateful to every founder with whom I’ve had the privilege to partner. The best part of this job is picking your friends and doing everything you can to help them win. Another thing I’ve learned over the last 3 years: I love this job. I truly believe it’s the best job on earth. It’s what I’m meant to do. I also believe the best way to manage a career is to only take on something new - and leave something truly great - if it has the potential to make everything you’ve done before look like a footnote. Excited to share more soon! LFG.

"The most effective response to this multi-layered persistent uncertainty is not to seek impossible stability, but to cultivate radical adaptability and radical optionality."

@kevin2kelly paging @billclerico and @convectivecap to lead us through uncertainty with adaptability and resilience

My latest scenario: we are entering a period of permanent (decades) ultra-high uncertainty, in AI and all around. kevinkelly.substack.com/p/our-uncertai…

We need thousands of new, low-cost schools across the US. But outdated state and local regulations make this arduous at best and impossible at worst. Today we're announcing a new, non-profit advocacy org to fix this: Schools for America.

One in three U.S. startups banks with @mercury per the press release

Let there be space solar energy @OverviewEnergy + @Meta

[brief update] we have a new set of funds for @haystackvc announcing haystack 8 plus more, but it's really about my teammates @aashaysanghvi_ & @DivyaDhulipala thank you to all of our frequent ecosystem co-conspirators, our LPs, our co-investors, our founders. i'm very grateful 🙏 and this is the most fun role in the world! semilshah.com/2026/04/26/new…

@andrewparker Especially fun to listen to local radio when traveling

Small life hack for driving: ditch Spotify for your local college radio station So much more human

Is there something like this in the Bay Area?

This insight acknowledges and accepts that IPOs have permanently changed. It’s why @usvc_ makes sense.