Replying to @shaunmmaguire
The Tesla model S I bought in December 2012 was the best car I had ever driven. Immediately bought Tesla stock.
I thought the original roadster was cheesy!
Just shoot for the moon and keep making leaps.
Nima Ghamsari
214 posts
- So hard to believe in a company when it's in the depths the "hate spiral". It becomes trendy to trash the company. Props to their investors, Green Oaks etc for sticking around. And thanks to ours (@JTLonsdale , @generalatlantic, @jerrychen, @dennisihong, @kevinspain, others)The most insane story in public markets: Carvana. December 2022, Carvana's market cap was $393.98 million. December 2024, Carvana’s market cap is $53.1BN. A 120 bagger in 2 years in the public markets. 🤯
- Replying to @NWischoffIt’s still … chaos here 🫣. But in a good way.
- Shockingly detailed (and accurate?) write up of Blend in a substack by Rush. I don't mind being under the radar, but it's good to see someone take the time understand our business, how valuable our products and customer base are, and where we're going. Link in reply.
- Replying to @NWischoffSaying yes to doing things / finding a way to make them happen is an underrated personality trait! Much easier to think of ways for things not to happen.
- Another competitive win for Blend. Leader Bank was using us and a separate platform, and decided to unify their tech all around Blend. Glad to have them on board. Link below.
- We just announced our Q3 earnings, and we had our first non-GAAP positive operating income as a public company. This is important because We did so in a tough mortgage market with low volumes We’re still innovating leading the charge on AI and innovation
- Replying to @GeoffLewisOrgYeah. Pretty much all software trending towards this. Bootstrap your mvp, sell enough of it yourself to pay for infra and sales/marketing, and scale from there. Means the select few who figure out the next trillion dollar business will … be trillionaires.
- This table took me by surprise. America could cut taxes for the bottom 50% (~$50k income) to zero and only lose 1.6% of its revenue. And the next 25% (~$100k income) are only an incremental 5.3% of revenue.
- when we were cost cutting and trying to get profitable at blend (which we are now!) one of the weirdest arguments I heard was "it's $1m, it's only .5% of our budget!" every dollar matters. it's really hard. if the gov't wants to get to breakeven, "only a few billion" matters.
- If you're in vertical software, there's nothing even close to a high signal as being onsite with customers in their environment. I probably spend 30-40 weeks on the road every year and nothing else could have been a better use of time for growing Blend.
- The founders of Blend: 2 native born Americans, 3 immigrants Together we’ve worked with thousands of native born Americans AND many foreign born people There are so many opportunities to build great things. Americans can do it, but we can do it faster together Merry ChristmasMy friend Sriram is America First. For USA to have the highest standard of living, generous govt services, and strongest military, we need to recruit the best and brightest and build the best companies. I’m against more low-end H1B immigrants; but let’s win at the talent game.
- I've worked with Jerry for the better part of a decade. We've gone through tons of ups and downs during that time (enterprise software is hard!) and Jerry has been there almost every step of the way. I've loved working with Greylock, and more specifically Jerry, in that time.My partners and I are excited to continue our mission at @GreylockVC to partner with the most ambitious founders creating new categories and redefining how we use and interact with the technology around us. If you are looking to build something amazing in AI, cloud, data, or
- The sheer number of financial workflows that can be solved by AI is fascinating. >90 percent of what they do _today_ can be done by AI _today_. And trending in the right direction. Blend is going to drive this transformation of the industry with our partners.
