Tim Tully
119 posts

Tim Tully
@timt
Partner at Menlo Ventures

Mercury 2 is live 🚀🚀 The world’s first reasoning diffusion LLM, delivering 5x faster performance than leading speed-optimized LLMs. Watching the team turn years of research into a real product never gets old, and I’m incredibly proud of what we’ve built. We’re just getting started on what diffusion can do for language.

We just raised $20M (Menlo, Sequoia, Felicis, Snowflake, Databricks) and launched Kai—the first superintelligent AI co-worker for customer success. It shouldn't take 100 people to serve 1,000 customers. Kai knows every customer, acts instantly, never drops the ball. Agency.inc fortune.com/2025/11/12/eli…



Just uploaded my brain to Delphi’s Library of Minds. 🧠 I recorded a pod with @withdelphi founder @daraladje. That conversation—along with all my past interviews, articles, blog posts, and talks—is now live inside my Delphi digital mind. You can now chat with all my past content and ask me questions: delphi.ai/jesslee Delphi captures not just your knowledge and stories, but the way you think. In the podcast, I shared several powerful mental frameworks I've collected over the years: 1) The EQ/IQ/PQ/JQ framework, h/t to my partner @shaunmmaguire 😀 Emotional Quotient: One-on-one people skills 👫 Political Quotient: System-level people skills 🤓 Intellectual Quotient: Raw intellectual smarts 🎯Judgment Quotient: Good judgment Some brilliant people (high IQ) make terrible decisions (low JQ). PQ is a force multiplier because leading teams requires navigating group dynamics. Very few people excel at all four dimensions. 2) Moving 3 points on a 10 point scale, via Cheryl Dalrymple, CFO of AdMob, Confluent, and my startup Polyvore: 💪 Hard work typically moves you just 3 points on a 10-point scale. 🎯 It’s far better to push from 7→10 in your strengths than struggle from 2→5 in your weaknesses. ⚡ Since your energy is finite, invest it where you naturally excel. 🤝 Hire exceptional people who thrive where you don’t. 🚫 A common startup mistake: seeking perfectly well-rounded people who score 7+ across every dimension—they’re rare and expensive. 🦔 Instead, hire “spiky” talent—people who are 10s in one dimension, even if they’re 1s elsewhere. 🧩 Build teams where collective strengths cover all critical areas. 3) Startups are turn based games and why velocity matters, h/t @mvernal: 🎮 Startups are like turn-based games. 🂡 You’ll flip a lot of cards and make a lot of moves. 🔁 Most moves won’t be perfect—but what matters is how quickly you turn the next card and learn the next lesson. 🏆 Winning requires a mix of playing the right card and playing quickly. ⚡ It’s easier to be faster than it is to be right-er. So play fast. 🚀 Speed compounds. If you want to go deeper into lessons from my time at Google, the truth of my founder journey at Polyvore, or my hot takes on the future of consumer AI, watch below or have a conversation with my Delphi. 00:00 Intro 1:00 Who is Jess Lee 02:50 The EQ / IQ / PQ / JQ framework 03:44 What early Google taught her 05:35 How ambition is a double-edged sword 07:34 Customer discovery vs visionary intuition 09:31 Polyvore: from user → CEO 12:37 Imposter syndrome & finding authentic leadership 15:20 Picking the wrong market 18:24 Firing fast & setting high performance bars 20:12 Building cult-like community and emotional loyalty 22:13 Velocity vs delight in product 24:32 What she looks for in founders (turn-based velocity) 25:59 The business model wake-up call 27:27 Storytelling as a founding superpower 28:26 Hot take: consumer isn’t dead, it’s being reborn 31:50 AI-generated media, fanfic, and the next YouTube Check out the full library minds at libraryofminds.com Or create your own Delphi at delphi.ai!














We're hosting a day for builders at our SF office in partnership with Menlo Ventures on Saturday, Nov 2. Here's the agenda: -Fireside chat with Dario, our CEO -Sessions on the Anthropic API, best practices & research breakthroughs -Mini hackathon with thousands in API credits

