Chad Byers 🦍
@chadbyers
GP @SusaVentures 🦍, seed-stage VC (@robinhoodapp, @flexport, @getstord, @togethercompute). We invest $1m+ into pre-seed & seed rounds.
Dear founders, We’re excited to announce Susa Ventures V – a $175M fund to help you launch and scale your company. Since 2013, we’ve dedicated ourselves to pre-seed and seed-stage company building. Every company starts at day one, but only a few become category-defining…
post hog then it might even be the least shameful thing you've taken public
post hog then it might even be the least shameful thing you've taken public
If you’re building with video, watch this.
I’m Shawn, founder of Memories.ai, former researcher at Meta and CS PhD at University of Cambridge. Today we’re launching : we built the world’s first Large Visual Memory Model - to give AI human-like visual memories. Why visual memory? AI to…
xAI launches an AI companion and tops charts in Japan. There are many startups building AI companions all over the world. This is yet another example of distribution > product. When you’re building a thin application layer product, you can be crushed overnight by the infra…
Back on top in Japan. Grok Avatars are available to everyone around the world. apps.apple.com/us/app/grok/id…
Verified is my largest LP commitment to date. Kris is both a close friend and a great investor. He’s routinely showed up for me in times of need as I know he has with so many people in his life. If you can get him in your corner, I recommend it.
Some news - I raised $175M for Verified Capital with a plan to back transformative technology companies at any stage of their journey. Thanks to @_IainMartin for the writeup in Forbes. forbes.com/sites/iainmart…
Robinhood is absolutely cooking
Robinhood is one of the most insane turnaround stories on Wall Street. In 2023, Robinhood reported a $500M loss and had a market cap of $15BN. Since then, they have: - $1.1BN profit in 2024 - Nine revenue lines doing $100M+ each. - Net revenue up 58% to $3BN - $85BN market cap…
Fun exercise. I'm curious, what would others do? Drop you allocation below.
If I had $1B to put into AI, I would take the obvious bets on big labs, cloud, and energy. I would spend the high risk high reward bucket on robotics; infra and software built for when most internet traffic is AI (happening soon); and consumer AI.
Gambling 10s of millions of dollars on a hot dog eating contest is the most American shit of all time 🇺🇸 💪🏼
Stord (@GetSTORD) — Prime-like commerce fulfillment for all brands. Raised $80M at $1.5B, now seeing substantial demand to upsize by ~$50M. 2023: $156M 2024: $251M 2025: $330M at TS, $420M now, $525M 25E Profitable since 24Q3. Sean is a beast. One to watch.
"We were simply growing faster than our current infrastructure could handle. Our team was exerting tremendous effort every day to get products out the door, but it was not sustainable nor scalable. We needed a new partner that could provide the technology and expertise our…
Well that was fast :). Congrats to Henri and the team on joining @stripe. Savvy acquisition and great outcome for everyone
Henri (Privy's CEO) cold emailed me in 2016 to grab coffee in Palo Alto. At the time I was raising Susa II and he was offering to help make an intro to an LP. I quickly said yes as we needed more investors, although I was skeptical a cold email will result in anything meaningful.…
One of the reasons seems to be that getting digital intelligence into the *real* economy is hard and takes time. If I started a company today, I would be working on that.
Congrats to Lee and the team at Runwise. It was an honor serving as a board observer for the first couple years. You're off the races and will become the operating system for commercial buildings -- all while reducing energy waste and saving building owners money.
Big news for @wearerunwise: We’ve officially closed our Series B and a new round of growth debt to help us bring Runwise from 10,000 buildings to all 50,000,000. Thank you @axios and @alneuhauser for the write-up. bit.ly/3HOpoqU
And then he went on to peak at world #2 in poker tournaments. A real dumb dumb
It’s the 100 year anniversary of National Spelling Bee. Twenty-three years ago, I won it on the word “prospicience” which means “the act of looking forward; foresight.” Here’s what it taught me about B2B SaaS 🧵
Announcing our $25M Series A led by @sequoia Ten months ago, we came out of stealth to rebuild the general ledger from the ground up with AI at the core. Today, we power the finance stack behind some of the fastest-growing companies like @windsurf_ai and Decagon. Why are we…
one of the benefits of being in business for 10+ years is that momentum compounds. it feels like almost everyday there is an exciting announcement from the portfolio. Just today: - @RilletHQ announces $25m Series A led by Sequoia - @wander announces $50m Series B led by QED…
Susa co @RilletHQ closes $25m Series A led by Sequoia Capital. They’re building the leading AI-native ERP. Have they always had it this good? No. We invested in the seed in 2021. For the first two years, Nic and I caught up at least monthly. In the early days the team spent…
