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CJ Reim shared thisCongratulations to Autodesk. You just acquired one of the best teams of this generation. MaintainX doesn't just build great software, it defines how customers in industrial operations actually adopt AI. Exceptional team, exceptional future. You're incredibly lucky to have Chris Turlica, Hugo Dozois-Caouette, Mathieu M-Gosselin, Nick Haase and the rest of the MX team in your corner.CJ Reim shared thisToday we officially welcome MaintainX to Autodesk. Closing this acquisition is an important milestone and an exciting beginning for what we’ll build together. Over the past few months, I’ve continued to spend time with MaintainX leadership and gain a deeper understanding of the business they’ve built. What stands out most is their passion for customers, their drive for innovation, and their deep understanding of frontline operations. Autodesk’s vision is to help customers connect the entire lifecycle, from design and make through operations. Bringing MaintainX into Autodesk strengthens that vision, expanding our operations capabilities and strengthening the unified platform we’re building for customers. Learn more about where we’re headed in my latest ADSK News post: 🔗 https://lnkd.in/gX-3nBVs Welcome to Autodesk, MaintainX. We’re glad you’re here!Welcoming MaintainX to Autodesk: The next chapter in connected operationsWelcoming MaintainX to Autodesk: The next chapter in connected operations
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CJ Reim shared thisThe hardest thing to compete with is a founder who understands a specific customer better than anyone else in the world. In 2019, that was Chris Turlica, Hugo Dozois-Caouette, Mathieu M-Gosselin, and Nick Haase and the customer was the frontline worker. Seven years in, our conviction in them has only deepened. Congratulations to the entire MaintainX team! Amity Ventures is proud to have been your partner and board member in every round along the way. cc Bain Capital Ventures (BCV) Bessemer Venture Partners Lobby Capital Ridge Ventures Byron Deeter Merritt Hummer David Hornik Alexander Rosen Peter Yared Sam Bondy Chris Matton Justin Turner Sami Tas Eric Yan Nawal TurlicaCJ Reim shared thisHow assets perform in the real world has never been more important. Today, Autodesk is introducing Autodesk Operations Solutions (AOS), which brings together the company’s operations capabilities under a single strategy. For years, Autodesk has supported operations through capabilities like simulation, monitoring, and performance analysis. With AOS, we’re bringing these together under a unified digital twin platform, helping customers move beyond disconnected siloed data toward real-time, data-driven operations. As part of this strategy, Autodesk has entered into a definitive agreement to acquire MaintainX, a leader in modern maintenance and operations. MaintainX solution captures real-world operational data at the point of execution, helping connect digital intent with real-world outcomes and enable more continuous improvement across the lifecycle. This is an important step in Autodesk’s strategy to build a more connected, data-driven platform: one that helps customers make better decisions and drive better outcomes over time. Read more: https://bit.ly/4e7JiuO.
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CJ Reim shared thisAs agents proliferate, value will migrate to the coordination layer. Keep your eyes on Henry Gasztowtt Eddie Zhang and the team at Isara Labs https://lnkd.in/g6NsVg-BExclusive | OpenAI Backs New AI Startup Seeking Bot Army BreakthroughsExclusive | OpenAI Backs New AI Startup Seeking Bot Army Breakthroughs
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CJ Reim shared thisBorderless.xyz Benchmark brings a much needed standard for stablecoin-fiat transparency—leveraging real-time data from global ramps to drive precision and trust // Kevin LehtiniittyCJ Reim shared this"Are stablecoins cheaper than our fiat network?" That's the question we keep hearing over and over again when we talk to large fintechs and payments companies. Intuitively, the answer is both yes and no. In corridors like US to EU, settlement is already same-day and FX spreads are incredibly tight, however, in corridors like South Africa to Brazil, the speed of stablecoins and the reduced refunding requirements in volatile currencies make a lot of financial sense. So how do you figure it where it makes sense? Unlike traditional markets where you can pull up a natural index for rates like Bloomberg, in stablecoins the liquidity is highly fragmented with different on/offramp providers charging vastly different spreads. I'm really excited to bring together a handful of our partners on the Borderless Network to create the first stablecoin <> fiat FX benchmark and make it available for free to everyone building on the stablecoin economy! This is still super early and only tapping into about ~10% of the data from the network. Over the coming months, we'll be rolling out more data from the network, more features, and new connectivity to enable more token and currency pairs. If this aligns with what you’re seeing or gets you excited, quick ask: please contribute feedback, and share this with builders who can help make the Benchmark stronger and more representative. Learn more about the methodology we're using and most importantly, click through the data! Check it out here: https://lnkd.in/gQ9KDJDR
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CJ Reim shared thisThrilled to welcome Andy Ravreby back to Amity. He’s been part of our story from the beginning and will be a huge part of where we go next.CJ Reim shared thisThrilled to share that I’ve rejoined Amity Ventures as a Partner. After spending the last five years helping scale companies from seed to late-stage growth, I’ve seen firsthand how much opportunity exists for founders to rethink the foundations of entire industries amid one of the biggest platform shifts in decades. The energy in the ecosystem and pace of company-building is unlike anything I’ve seen, and I’m convinced the companies that will define the next decade are being formed right now. At Amity, we lead rounds from the very beginning - backing founders building category-defining companies. We’ve built the firm around depth over breadth: doing fewer investments each year so we can go deep, work closely, and be true partners for the journey. Grateful to be alongside CJ Reim, Patrick Yang, Peter Bell, and Andy Bromberg - an exceptional team that’s proven you can still practice early-stage venture the right way. If you’re working on something ambitious, I’d love to connect.
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CJ Reim shared thisSometimes the most transformative companies operate behind the scenes. MaintainX has quietly become the digital backbone of frontline operations for over eleven thousand organizations. From Seed to today, it's been a privilege to watch you turn your passion for empowering frontline workers into an AI powerhouse! Huge congrats to Chris Turlica, Hugo Dozois-Caouette & the incredible team at MaintainX on the Series D and here's to the journey ahead 🙌 Byron Deeter Merritt Hummer David Hornik Peter Yared Sam Bondy Nick Haase Rochelle Scott, CPA Erich Ziegler John Jorgensen Justin Turner Chris MattonCJ Reim shared thisToday we announced a $150M funding round at MaintainX, but what excites me most isn't the funding itself. It's what this enables for our customers who trust us with their most critical operations. Every day, I hear the same challenges: experienced technicians retiring faster than new ones can be trained, equipment failures costing billions annually, and external pressures squeezing margins. Meanwhile, decades of institutional knowledge walks out the door. Our customers are proving there's a better way. They're not just fixing problems faster, they're preventing them while transforming how they onboard new technicians. We're building toward a future where AI amplifies human expertise instead of replacing it. Where maintenance and reliability transforms from a cost center into a competitive advantage. Where every frontline professional becomes the knowledge worker they've always been. With this funding, we're doubling down on AI capabilities that help our customers reduce unplanned downtime and cut maintenance costs. But the real impact? Preserving irreplaceable knowledge, accelerating learning, and creating opportunities for the next generation of maintenance, repair & operations professionals. To our customers who've trusted us with their operations, this is for you! Read more here: https://lnkd.in/ev5Yzwhv #Maintenance #AI #IndustrialOperations #CMMS #EAM
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CJ Reim reposted thisCJ Reim reposted thisFun news! Josh Archer and I are announcing our $15M Series A led by Inspired Capital! Thank you to Forbes for covering our story. I started Arketa because while I was teaching yoga and working at the studio, we wasted hours using outdated software instead of focusing on what mattered - our students and community. And I watched my friends say “I can’t open my own studio because it’s too hard”. Selfishly, I wanted it to be easier. I wanted us to rule the world. The people in wellness, who dedicate their lives to serving others, deserve better tools. Today, thousands of studios rely on Arketa, and we’ve processed nearly $500M in transactions. The wellness industry is booming, expected to reach $80B by 2029, and studio owners need tools that can keep up. But it’s not just about the numbers… what drives me most is getting that text from a new owner saying, “clients are obsessed with my new branded app!” or seeing someone launch profitably for the first time. That’s when I know we’re making a real difference. To every studio owner, instructor, team member and investor who’s bet on us early: thank you. You’ve helped shape Arketa into what it is today. We wouldn’t be here without you. Michael Seibel Patrick Yang Haley Barna Emery Rosansky Amy Fu First Round Capital Y Combinator What’s next? We’re investing deeply in AI to help studios run smarter and faster—automating admin, boosting revenue, and giving owners back their time. We’re also doubling down on what matters most: fast, human support and industry experts owners can count on. We’re thrilled to be working with Lucy Deland, Chris Brown and Alexa von Tobel at Inspired Capital who align with our vision so deeply. We're building the modern OS for every wellness business, and this is just the beginning. P.S. We’re hiring - if you know anyone great, please send them our way! https://lnkd.in/dVgq4Ty4 https://lnkd.in/diXuvPr5Arketa Raises $15 Million To Power The Next Trip To Your Yoga ClassArketa Raises $15 Million To Power The Next Trip To Your Yoga Class
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CJ Reim shared thisKevin Lehtiniitty is the embodiment of an asymmetric founder building in a massive market. With experience as technical lead scaling both Prime Trust and Fortress, Kevin is now in the driver's seat tackling global payments infrastructure with Borderless.xyz The market is massive, ripe for disruption, yet incredibly challenging, which is why we were so excited to invest in this team of operators on the cutting edge of stablecoin, RWA, and broader fintech innovationCJ Reim shared thisAmity Ventures leads $3 million pre-seed round for Borderless.xyz https://lnkd.in/dEjX5VgzAmity Ventures leads $3 million pre-seed round for Borderless.xyzAmity Ventures leads $3 million pre-seed round for Borderless.xyz
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CJ Reim shared thisIn ten years, we might look back at the AI companies of 2022 as ahead of the curve. But Jerry Ting, Amine A., and Jake Sussman started Evisort back in 2017, long before AI’s full potential was recognized by the broader market. Huge congratulations to the team on the acquisition by Workday. It’s been a privilege to have a front-row seat as Evisort grew from idea to product, to growth, and now this major milestone. We at Amity are deeply grateful for the opportunity to have partnered with you early on, and are looking forward to seeing the next chapter unfold with Workday.CJ Reim shared thisI’m thrilled to share that Evisort has entered into a definitive agreement to be acquired by Workday! We've worked closely with Workday over the years, with the company being a long-term customer. With their tremendous leadership in enterprise software, we’re excited to continue to build on our vision to bring AI to business documents. I want to thank our employees, customers, partners, and investors for believing in Evisort over all of these years. It’s great that after our 8 year journey, Evisort will be joining Workday, which is headquartered just 15 minutes from where I grew up. It just feels right, and we’re excited to keep innovating with Workday. When we started Evisort, we did not know for certain that AI was going to become one of the biggest technology developments of our lifetime. We did know that we did not like reading contracts and business documents. It has been the ride of my lifetime to see what we’ve been able to accomplish. Today, Evisort is used by many of the most respected companies in the world. With Workday, our leadership will only continue to grow and so will the value we can provide to customers. Particularly important to me is that all of the early founding team is still here and will continue to build with me at Workday. Thank you to my co-founders, Amine A., Jake Sussman, and founding teammates Xin Li, Memme Onwudiwe, Riley Hawkins, and Elie Wahnoun for being on this incredible journey with me. You have taught me how to be a leader and learned the entrepreneurial journey with me. Looking forward, Workday is an amazing company with over 10,500 customers, including 60% of the Fortune 500. This year, Workday also joined the Fortune 500. Workday’s core values are much aligned with ours —focusing on employees, innovation, and customer service. With their investment in AI, I couldn’t be more excited about what we will be able to accomplish together. For all of us at Evisort, this marks the beginning of an exciting new chapter. We’ll be joining a team that shares our values and passion for innovation and delivering real business success for our customers. I’m excited about what the future holds and look forward to continuing this journey with all of you. Thank you again for your trust, hard work, and partnership. The best is yet to come. For more details, check out the official announcement here: https://lnkd.in/gAqwjssw #Evisort #Workday #AI #Leadership #Growth #client-cambridge-innovation #WDAYRisingWorkday Signs Definitive Agreement to Acquire EvisortWorkday Signs Definitive Agreement to Acquire Evisort
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CJ Reim liked thisCJ Reim liked thisA $3.6 billion dollar stellar outcome for MaintainX with a few wipeouts - literal and figurative - and a lot of laughs along the way! From day one, the MaintainX team always pushed themselves with big goals and long hours. Ever since we first invested in early 2021, at least one midnight call, text, and/or zoom per week has become the norm - with the only question being whether it was going to be midnight for me (PT) or Chris (ET). Often, it was both! And I came to look forward to them. Along this rocket-ship ride with this impressive team, while we had many board meetings with "ski jump" charts…my favorite times were actually when we got the ultimate “work hard” team to also “play hard” ... including real ski jumps! When we first backed MaintainX in 2021, I wrote a promise into the term sheet: cross $100M ARR, and we'd take the team - including founders Chris Turlica, Hugo Dozois-Caouette, Nick Haase, and Mathieu M-Gosselin - with our early investors for a celebratory offsite to the Yellowstone Club. In March, we celebrated that milestone together in Montana. Among the chair lift rides, powder wipeouts (mine), bad dad jokes (Chris’), rounds of Liar’s Dice, MaintainX tattoos (temporary!), and late night whiskeys, we also had a new topic to discuss: how do we handle the inbound acquisition offer from Autodesk?! Today, we're celebrating the outcome of that decision and MaintainX's acquisition by Autodesk. Together, the two companies will help customers connect design, make, and operate, creating more continuity, visibility, and intelligence across the full product lifecycle. Looking back, my years working with Chris and the team have been full of fun and full of lessons on what it takes to build and scale the intelligent platform the industrial world needed for the AI age. They had the vision to build this when plenty of people doubted it, so they built it anyway. Congratulations on another incredible milestone! Autodesk is lucky to have you and you’re going to make them proud. Please keep the late-night calls coming! Bessemer Venture Partners, Sam Bondy, Hansae Catlett
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CJ Reim liked thisCJ Reim liked thisBig congrats to Chris Turlica and the entire team MaintainX on officially joining Autodesk ! Did you know Chris also races cars? Turns out the same instincts for steering, braking, and hitting the gas apply pretty well to building a company too Fun times at sonoma raceway Patrick Yang CJ Reim Christina Dong Andy Ravreby James McGillicuddy Max Motschwiller
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CJ Reim liked thisCJ Reim liked thisTokenmaxxing is dead. Long live valuemaxxing Token count has been the AI virtue signaling flare for “AI transformation”. More tokens means more progress. More spend means more ambition. That status race is over. We can stop staring at everyone else's usage graph, stop reposting vanity AI token plaques, and stop mistaking token count for value creation. The shift now is from tokenmaxxing to valuemaxxing: caring less about how many tokens you burn, and more about where each dollar — and each token — actually takes you. The problem: you can't rationalize, redirect, or cut a dollar you can see, and don’t understand. AI spend is an iceberg, and most companies are sailing straight into it. Above the waterline it looks manageable: the OpenAI bill, the Anthropic contract. Below is the mass that tears through the hull. An old version of Opus 4.6 still running on a reserve instance of Bedrock, models buried behind aggregator fees, AI add-ons bolted onto seats nobody uses visible only through a receipt. Once you dive beneath the surface, you realize that AI spend isn't an AI vendor problem. It's an every-vendor problem. Your whole stack is going AI-enabled at once, and most of it is invisible to finance but very visible on your margin. The companies that map the whole iceberg first can chart their course around the iceberg instead of bracing for impact. BRM is the company that builds you this chart across all model providers, clouds, applications, and spend. Tokenmaxxing got you to the iceberg. Valuemaxxing is how you get past it. The iceberg is charted on our blog, link in the comments.
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CJ Reim liked thisCJ Reim liked thisHow assets perform in the real world has never been more important. Today, Autodesk is introducing Autodesk Operations Solutions (AOS), which brings together the company’s operations capabilities under a single strategy. For years, Autodesk has supported operations through capabilities like simulation, monitoring, and performance analysis. With AOS, we’re bringing these together under a unified digital twin platform, helping customers move beyond disconnected siloed data toward real-time, data-driven operations. As part of this strategy, Autodesk has entered into a definitive agreement to acquire MaintainX, a leader in modern maintenance and operations. MaintainX solution captures real-world operational data at the point of execution, helping connect digital intent with real-world outcomes and enable more continuous improvement across the lifecycle. This is an important step in Autodesk’s strategy to build a more connected, data-driven platform: one that helps customers make better decisions and drive better outcomes over time. Read more: https://bit.ly/4e7JiuO.
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Ron Wiener 🚀
Venture Mechanics Startup… • 13K followers
You don't need funding, revenue, or a single paying customer to become a target. You just need "Founder" in your LinkedIn headline. Nick Goodman found that out building Everyday Security: fake invoices, fake trademark notices, "investors" who want your cap table before they've asked your name, and consulting pitches that read like a phishing kit with a Canva template. Scammers target founders because founders move fast, answer their own email, and are trained to say yes to anyone who might write a check. Not because founders have money -- most pre-seed founders don't. Nick is running a session on the specific scams hitting startups right now and how to spot them before they cost you time, data, or worse. I'll be there - hope you will be, too. Thursday, September 3, 10-11am PDT, over Google Meet. Register: https://luma.com/voi9aud9
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Matt Logan
Earthshot Ventures • 6K followers
I’m thrilled to share Earthshot Ventures most recent investment, Unlimited Industries! Unlimited is an AI-native construction company that both designs and builds. Its platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. Why did we invest? Solving a real need we know well: Over the last decade, we have worked with hundreds of companies that are ready to deploy their technology, but struggle with slow construction timelines and cost overruns. Unlimited makes it feasible for emerging infrastructure companies to bring projects to life reliably and efficiently. Massive market potential: The EPC market is ~$800B. While this entire market is not addressable from day one, early adopters will pave the way for the mass market, enabling massive possible scale over time. Exceptional team: The company is led by Alex Modon, a repeat founder and multidisciplinary engineer. To accelerate the company, Alex teamed up with Tara Viswanathan and Jordan Stern, who previously built and scaled Rupa Health as the founder/CEO and first teammate respectively, from zero to millions in revenue before its successful nine figure acquisition in 2024. Software is eating the world, and AI will eat engineering: Software engineering is increasingly being augmented and automated by AI, aided by large repositories of coding data like Github. Other engineering disciplines will be transformed over time as analogous data sets are compiled and software encodes the operating principles of the real world. Companies that can create proprietary datasets, like Unlimited’s burgeoning catalogue of projects, will gain defensibility through data moats. Lastly, since a good portion of my network here consists of founders who could be customers of Unlimited and their investors, I’d be remiss if I didn’t say - hit me up if you’d like to connect with Unlimited to deliver your next project on time, on budget! Welcome to the Earthshot portfolio, Unlimited!
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Kamil Levinský
Jet Investment • 8K followers
🚨 The Fundraising Paradox: Why Your ARR Probably Matters Less Than You Think This chart from SVB’s State of the Markets (H1 2026) reveals something most founders don’t want to hear: At Series A, companies range from $30K ARR (10th percentile) to $11.4M ARR (90th percentile). That’s a 380x difference. Same round. Same market. Same year. So if revenue varies that much… 👉 What actually determines who gets funded? 📊 3 Patterns That Actually Matter 1️⃣ The Acceleration Gap Is Brutal Median Seed → Series A: 11.3x ARR growth Median Series A → Series B: 2.4x ARR growth Translation: The hardest part of the journey isn’t scaling from A to B. It’s proving between Seed and A that you can turn traction into velocity. Once you prove scale, capital gets cheaper. Before that, it’s survival mode. 2️⃣ The Middle 50% Is Where Reality Lives For Series A, the interquartile range is: $1.0M – $6.5M ARR For Series B: $2.9M – $12.1M ARR Most companies live here. The headlines focus on the outliers. The exits usually come from the middle. If you’re in that band, you’re not behind. You’re normal. 3️⃣ The “Zero Revenue” Premium Is Real 🤖 Seed rounds still include companies with $0 ARR. Why? Because certain sectors (especially AI) are being funded on: Team strength Market timing Perceived velocity Technical defensibility This creates a two-tier system: Tier 1: Raised on promise Tier 2: Raised on proof Both work. But expectations at the next round are wildly different. ⚠️ What This Means for Founders • Stop anchoring to one ARR benchmark • Understand what replaces revenue if you don’t have it • If you’re above median, congrats — now growth expectations double • If you’re below median, your narrative must be sharper than your metrics The 29.5x jump from median Seed to top-quartile Series A? That’s not inspiration. That’s competitive pressure. The Real Question It’s not: “Do I have enough ARR to raise?” It’s: “Do I have enough momentum to make the next milestone feel inevitable?” Revenue is a signal. Momentum is a story. Investors fund stories they believe can close the gap. Curious: Where did you raise relative to the percentile bands? Did ARR matter more — or did narrative and velocity win the round? 👇 Let’s discuss. #VentureCapital #Startups #Fundraising #SeriesA #SeriesB #SeedRound #ARR #SaaS #AIStartups #FounderJourney #StartupMetrics #VCInsights
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Tom Lazay
Companyon Ventures • 5K followers
An emerging VC manager's fundraising lessons... the first two funds are a grind. Now, we’re on our third fund, it feels like we’re almost over the hump, but fundraising never gets easy for most of us. I want to congratulate the emerging VC firms presenting at this year’s RAISE Global conference. As former RAISE presenters, and (soon-to-graduate) emerging managers, we thought we’d share this LP Translator, a lighthearted guide to decoding what LPs really mean during the fundraising process. Fellow GPs, which ones did I miss? 👇 The LP Translator 📣 "Let’s stay in touch.” Translation: We’re not interested. “We want to see your track record develop.” Translation: Either we don't believe in your strategy, or we’re focused on managers with more buzz. “We’re not allocating to new managers right now.” Translation: We’re not allocating to you right now. "Show us your deals so we can get to know you.” Translation: We’d like free co-invests if you get something hot. “We need to see more DPI before we commit.” Translation: We don’t really understand VC, but we’re pretending to. “We’re fully allocated for this year; check in early next year.” Translation: Next year we’ll still be fully allocated (just not to you). “Call us before final close.” Translation: I’m too polite to say no at this time, so I’m kicking the can down the road. “Your fund is too small.” Translation: Okay, that one might actually be true (for some LPs). “We went through your data room and want to meet face-to-face.” Translation: We’re genuinely interested, keep going! “Can you send us your LPA for signature?” Translation: Let’s go! 🚀 -------------------------- Fundraising is a long game, longer than we ever expected. We're now seeing how LP relationships are built across several funds, not several months. If they’re investing time to learn about you and your strategy, that’s your best signal of real interest. #emergingmanager #venturecapital #LP #RAISEGLOBAL
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Daniel Dart
Rock Yard Ventures • 10K followers
🚨NEW EPISODE: Recorded live at FUTURE TITANS 2026 - Jeff Perry of Carta sat down with the iconic Seth Levine, co-founder of Foundry. Seth has been in venture for 25 years, built Foundry from scratch as an emerging manager himself, and has backed about 50 emerging manager funds through his fund of funds. He has genuinely seen every side of this table. They went deep on building Foundry, why VCs are in the influence business, not the decision business, and why the concentration problem in venture is not only bad for LPs, but also for the innovation ecosystem overall. And why Seth's new book, Capital Evolution, is so important for the future of America. 🎧 Links to listen... Apple: https://lnkd.in/ehQUQ2EM Spotify: https://lnkd.in/eU4FExpg
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Arteen Arabshahi
Fika Ventures • 10K followers
SF VC Takeaway #2: Pricing expectations, performance bars, and what’s actually getting funded. One theme that came up repeatedly in SF was how far pricing expectations and performance bars have shifted, even compared to just a few years ago. A few things investors kept anchoring to: 1️⃣ Median Series A valuations are higher than their 2021 peaks, but fewer of them are getting done. 2️⃣ Capital is being concentrated into fewer and fewer companies (and lots of capital!) 3️⃣ “Good” progress is no longer enough and the bar for standout performance has moved in an AI-native world So what does “top performance” mean right now? One investor told me that top quartile seed companies in their portfolio are going from $0 to $2M in ARR in <12 months. Outside of pure traction numbers, a few other themes that came up to describe "top performance": 📈 Explosive early revenue ramps (or a very credible path to them) 📊 Strong velocity and momentum for 2 quarters in a row, even if the baseline is small. 🚀 Clear signals of category leadership, not just product-market fit. Sometimes shown by either domain expertise, speed of product optimization, or by lack of competition in the category. This creates a counterintuitive dynamic where it can be easier to fund a company with strong pedigrees in a hot space and no traction yet than a company that went from 0 to $1M ARR at what used to be considered a rapid pace. Pricing today is driven by trajectories, not moments in time. We used to say investors invest in lines not points; I think that's more true than ever now because crossing certain milestones doesn't carry as much influence as it once did. Finally, investors still say that valuation matters, but many of them are acting differently. Pace and belief in category-defining companies really sets the price; while slower growth gets scrutinized rather than discounted. One silver lining in the camp of durable growth: Series A rounds are happening so fast that many companies don’t yet have meaningful history of retention data. Large bets are being made on velocity before the durability is proven. Several investors told me the same thing: we may soon swing back to a market where retention, not growth, becomes the defining metric. Let's hope so. I'll share my third SF VC takeaway tomorrow!
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