Joined March 2011
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Shiv Shrivastava retweeted
Hosting a private super intelligence dinner on November 5th, NYC. Who needs to be there?
Shiv Shrivastava retweeted
After 7 years quietly building, it was fun to share some of my mistakes & learnings @MIT this week.
@fun's last financing was done at a $425M valuation, and we’ve now grown 9x since our $72M Series A. Our 30d volume just crossed >$100B annualized.
A few of my mistakes along the journey 🧵
Shiv Shrivastava retweeted
the range of rubio
🤖 Made with AI
Impressive. This set of talks, along with the new America dot gov website, has the unmistakable feel of an Apple launch event. They're rebooting the federal government as a tech startup. Several observations.
(1) First, with this new AI interface to the entire federal government, if it works as promised, there won't be a single American who can't say their life wasn't helped at least in part by AI, or that the benefits accrued solely to zillionaires. This in itself cannily mitigates anti-datacenter sentiment.
(2) Second, Joe Gebbia and Marco Rubio's talks on simplifying name changes and passport filings introduce a completely new era where the US government is actually launching tangible features that benefit users.
(3) Third, this launch event in and of itself may visibly drive reform. It could become much more important than the State of the Union. Unlike laws, code is user-visible, and can be instantly audited by the public, as Obama found out with the failed obamacare website launch. So: the annual America dot gov event may be substance, whereas SOTU is traditionally optics. I wouldn't be surprised to see the President present at the next one.
(4) Fourth, this kind of event is a perfect example of where tech and red cooperate best. They both hate bureaucracy. Automating paperwork with code reduces the power of statists over both capitalists and nationalists. It's also hard to undo by other admins: once you digitize a process, hard to turn it back to paper.
(5) Fifth, it's an obvious point perhaps, but think about how much influence YCombinator has had in 20 years. From Gebbia's Airbnb joining their 2009 batch to a complete overhaul of the user interface of the US bureaucracy, and thus the US government.
(6) Sixth, this is another take on the network state. The functional part of the US (the network, meaning tech) is merging with and partially reforming the dysfunctional part (the state, meaning bureaucracy) by automating 20th century paper forms.
As a tech startup, there will no doubt be bugs and user issues and so on, but unlike with paper laws those issues will be visible and the code fixes will be verifiable. A new era of AI America. Rooting for them.
Shiv Shrivastava retweeted
My conversation with Gabe Stengel (@GabeStengel), founder and CEO of Rogo.
For years, Gabe and I have talked about how much of an investor's job AI will eventually do and how he is building Rogo toward that future.
Today, Rogo helps some of the world's largest financial institutions research companies, run diligence and execute M&A.
But Gabe's ambition is much bigger. He is building toward investing superintelligence, where Rogo does much of the work inside investment banks and firms and becomes the venue where they do their deals.
It's a fascinating business and has been so fun watching Gabe build it.
We discuss:
- 10,000 agents searching for one great investment idea
- Which investing skills will still matter
- Why Anthropic/OpenAI won't win finance
- "Chewing glass"
- Why the harness around the models matters so much
- Getting rejected by 40+ investors
- Building an AI native Bloomberg
- Becoming a black hole for talent
Enjoy!
TIMESTAMPS:
0:00 Intro
2:38 Building Rogo
6:12 10,000 AI Agents
12:02 Skills That Still Matter
17:31 Beating OpenAI and Anthropic
28:35 Bloomberg of the AI Era
37:37 Rogo’s Company Brain
44:19 Chewing Glass
53:34 AI-Native Finance
59:21 What Humans Still Do Better
Shiv Shrivastava retweeted
There are so many seasoned software executives who are completely out of their element with the types of products that will breakout in the next few years.
Over the last 20 years, their brains were wired to build apps that deliver value by outputting deterministic results, but AI produces value from probabilistic results. This is such a different way to approach how something should work.
Young people who are thinking in this way from the outset will be at a significant advantage -- in the same way they were advantaged when thinking about how products could be social in 2010.
Shiv Shrivastava retweeted
Today I'm excited to share that @usefootprint has raised a $25M Series B, bringing our total funding to $45M.
Financial institutions are in an arms race with cartels and oligarchs.
The movement of illicit money globally has grown by $1.3 trillion since 2023, now sitting at $4.4 trillion. And bad actors have taken full advantage of AI’s capabilities: generating fake identities and shell companies faster than any team can manually review.
Yet, the work to combat financial crimes is still being done the old way - risk teams sifting through spreadsheets, PDFs, and disconnected tools one case at a time.
AI lets us reimagine this sector.
We're solving for this at @usefootprint by focusing on two things: time and memory.
→ Time: Percy runs your compliance program end-to-end in 1/10th the time, so your institution has extra eyes on every case, and your human analysts dedicate their time to the ones that truly matter.
→ Memory: Trust Fabric makes sure the grey area is removed and learnings are universal so your team (whether 5 or 500 people) catches more true positives and identifies fraud rings before they form.
With this raise, we're doubling down on the thesis that risk operations will be re-envisioned for the AI-native era. As AI increases financial crime in the global economy, we're building the defense system that can expand to meet and defeat it.
We're honored @QEDInvestors doubled down on their conviction, leading our Series B two years after leading our Series A. The same goes for those who have invested since day one: @lererhippeau, @indexventures, @BoxGroup, Operator Partners, Definition, and @animalcapitalco. And for new investors @am_mufg_jp, @commercevc, @lightbank, and @alumniventures.
To the Footprint team: this company would be nowhere without your belief in building a digital world full of trust. I thank you from the bottom of my heart for being on this journey with us.
To our customers: thank you for trusting us with your most important decisions. Your partnership is helping us build a better future for financial crime compliance.
Full story on our blog: onefootprint.com/learn/serie…
Shiv Shrivastava retweeted
the news is out - Acctual is joining @altitude.
their team spent the last three years working on invoicing and bill pay, and that work is now becoming part of Altitude.
one of the interesting problems we’re looking at here is that AI is probabilistic, but money movement needs deterministic rules.
an agent can read an invoice, figure out who needs to be paid, how much, and why. but the decision to actually move money shouldn't rely on the model alone.
the constraints can be enforced at the point the payment is made.
bringing invoices, bills, payments, accounts and approvals into the same system gives the agent more context to work with, while keeping execution constrained.
the more context the system has, the more of this work it can do without asking the same questions over and over again.
i’ve known @tikhbana and @tweetsbymo for a while now and have wanted to work together for a long time. very excited that we finally get to cook on this together.
Special shoutout to @shivnull for helping Altitude go higher
Shiv Shrivastava retweeted
This live show makes $10M a yr: @MTSlive
Worked with the team for a short sprint. Can confirm, they are cracked
Btw they have less than 30 concurrent viewers
How is this possible?
1. Large B2B sponsorships
The MTS audience is founders, executives, investors, and AI people. Sponsors will pay far more to reach that audience than ordinary consumers
2. Extreme publishing volume
MTS sells inventory across the live schedule, dozens of derivative clips, YouTube videos, and more
Last I checked they were doing more impressions monthly than TechCrunch
3. Powerful founder, silicon valley, and a16z networks
They can reach senior guests and sponsor decision-makers without building those relationships from scratch
Altho @knowerofmarkets is pretty insane at outreach fr
4. Owning the most relevant, trendy topic: AI
All MTS content circulates around Artificial Intelligence. This is the buzziest, fastest-paced, and well-funded industry that exists rn
The players have deep pockets
Shows like this are being built for every industry
It started with @tbpn being acquired by OpenAI. Now we have:
- @stabledash for markets
- @NYSE x @payloadspace for space & defense
- @ecommcowboy for ecomm / DTC
- @etnshow for europe tech
- @bandemedia (have not met these guys yet!)
and lots more coming.
Fun time to be building live shows :)
Shiv Shrivastava retweeted
Rare win for crypto when a company backstops to make users whole.
What a chad company.
The rails are early, so of course there will be issues. It’s unavoidable.
But we push forward and improve.
Gained a lot of respect for Rain today.
Earlier today, Rain’s monitoring systems discovered a vulnerability impacting a small number of programs using an outdated version of our Solana contracts. Other programs were not impacted. Rain immediately launched an investigation to determine the full scope of the situation.
Our team has successfully upgraded all programs that were using the outdated version of the Solana contracts, which has resolved the situation. Rain is continuing to monitor the issue, has engaged third-party forensics experts to investigate, and will work with law enforcement and relevant regulatory authorities.
All affected users will be made whole. We’ve already begun the remediation process and are focused on delivering a swift and responsible resolution.
Shiv Shrivastava retweeted
Hedge funds will eventually provide inference to model routers for free, or even pay to do so, in order to get a first look at prompt contents. Payment-for-order-flow in the age of compute.
Shiv Shrivastava retweeted
This is an extremely well-articulated essay on moat building at the application layer.
We at Rogo very much agree with Aatish's thesis here.
Shiv Shrivastava retweeted
The next couple of years are among the most important in history.
The economy is transforming an order of magnitude faster than ever before.
If you have the opportunity to work obsessively on an important mission and choose not to, you may regret it for the rest of your life.
Shiv Shrivastava retweeted
While open weight models continue to commoditize each other, the harnesses are only compounding faster and faster.
Case in point: @NousResearch’s Hermes Agent is consuming ~2.3T tokens/day, up > 100% from last month alone.
Today's a record day for open weight share of tokens on Vercel AI Gateway.
Aug 22 (today)
🟦 Open: 62%
🟨 Closed: 38%
Jun 24 (~2 months ago)
🟦 Open: 28.4%
🟨 Closed: 71.6%
This is very likely just the start, because enterprise adoption is still early, and harnesses, CLIs, IDEs, SDKs, etc need to be adapted to be model agnostic.
Shiv Shrivastava retweeted
Always exciting to see your work come to life in person.
New Times Square billboard & WSJ backpage ad for @RogoAI
Shiv Shrivastava retweeted
Builders integrating Lighter can now enable deposits through @fun's Universal Deposit Address.
With a single API call, Fun handles deposit routing and settlement to Lighter.
Simple deposit infrastructure with best in market fees, built for any Lighter integration!
Shiv Shrivastava retweeted
If you’re going to shut down your startup, feels like you should at least contact Google Corp dev to see if they’d buy your enterprise data, too.
