Chris Hladczuk
@chrishlad
Co-Founder / CEO @hanover_hq
Snowflake CEO Frank Slootman telling the hard truths.
In 2008, Airbnb tried raising $150K at a $1.5M valuation. Today, Airbnb is worth $87 billion. But a VC rejected them because “the market is too small”. The greatest founders expand their market.
I just want to win so badly @hanover_hq. Literally whatever it takes
The CTO at a $10 billion firm asked me point blank: “Why can’t I just build AI portfolio tools that connect to our data?” I love this question. It surprised me because… He already spends millions on existing SaaS tools that don’t talk to each other. But I get it. Right now,…
I love the idea from Paul Graham “do things that don’t scale”. And a big part is doing whatever it takes to delight customers. But in fund admin, everyone does the opposite. Most fund admins do the bare minimum for customers. They respond slowly. They optimize for margins. They…
I could not believe CFOs are paying $100K+ per year for KPI collection tools. So what did we do at @hanover_hq? Bundle in KPI collection for free alongside core fund admin services. Yes, you get Day 1 ROI. But the best part? You marry source-of-truth general ledger…
I did a demo for a $800M AUM firm CFO the other day and they said something funny. “The AI assistant and AI portfolio tools are cool. But I can’t lie to you. The intercompany payables automation is the most magical.” I started laughing. Why? I get no credit for the maniacal…
In 2008, Airbnb tried raising $150K at a $1.5M valuation. Today, Airbnb is worth $87 billion. But a VC rejected them because “the market is too small”. The greatest founders expand their market.
“Sorry you’re not the right fit for Hanover Park.” 6 months ago, this sounded crazy. But I realized that the wrong customers are worse than no customers. Why? 1) The Wrong Product Feedback If you serve customers in the wrong segment, you end up with feature requests that no…
We’re building a future with frictionless fund admin migration. This means a CFO gets a 1-click migration. Because I find the status quo absolutely insane… Legacy Fund Admin Migrations: 1) Charge 6-figures 2) Take 6 months 3) Migrate only partial data We know everyone hates…
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🔔 Real-time Expense Data Synced from @tryramp to @hanover_hq 🔔 Hanover Park is excited to announce our native integration with Ramp. Today, fund administrators view the Management Company as an afterthought. This means it’s a mess between expense management, intercompany…
🔔 Real-time Expense Data Synced from @tryramp to @hanover_hq 🔔 Hanover Park is excited to announce our native integration with Ramp. Today, fund administrators view the Management Company as an afterthought. This means it’s a mess between expense management, intercompany…
The GP texted me: “He never gives compliments.” That’s when I knew we nailed it. We recently signed a customer. But one person on their team was skeptical of Hanover Park. So we did the migration. And this skeptical person logged in for the first time. And he sent a message to…
Tattoo this to your brain: "The world is a malleable place. If you know what you want, and you go for it with maximum energy and passion, the world will often reconfigure itself around you much more quickly and easily than you would think.” – Marc Andreessen
Telling a customer you’ll deliver a feature request“next quarter” is a polite way to say “we don’t care”. Here’s how @hanover_hq prioritizes customer delight in our product roadmap: I hate those companies that receive valuable customer feedback. And they slot that feedback into…
I have 1 AI engineer spending ~$1,000/day on Cursor usage. It's getting insane. Any ideas/solutions? @mntruell + @cursor_ai
Yes
If the CEO doesn't seem at least a little bit intense, Join a different start-up
The other day I flew to the west coast to spend 4 hours with a $700M AUM CFO. The most surprising thing? How manual and painful their processes are: 1) Every capital call still happens in Excel 2) Every LP contact export still requires emailing their fund admin 3) Performance…
When we started @hanover_hq, a smart person told me "You're dumb trying to build a multi-entity general ledger from scratch. It will take 3 years minimum." Excited to prove them wrong everyday.
Last week, I got a 17-page document from a customer. And it blew my mind. It was a tiered list of AI Agent workflows that he wanted to build into @hanover_hq's product roadmap. This doc included everything from portfolio modeling to fund FP&A to recycling decision-making. It…
Last week, a CFO launched a new VC firm with Hanover Park. I gave her a call and she said something awesome… “I did a capital call in 5 minutes and it was smooth. But I do have product feedback on the capital call module. I want to be able to… 1) BCC contacts on emails to LPs…