Artem K.

ArDrive is live on Product Hunt, and to celebrate we are giving users 90% off top-ups, on up to $25 throughout launch week. ICYMI, ArDrive is Web3 Dropbox, and so much more. It delivers the familiar use case of a normal file-storage app, but comes supercharged with military-grade encryption and an open-sourced code base. Instead of cloud storage solutions where subscriptions gate access to your own content - ArDrive users can store photographs, image files (including NFTs), PDFs, text documents, audio and video files, and even site manifests and code snippets, by paying once and storing them indefinitely. If you're wondering how this is even possible - you can think of Arweave as a public blockchain that permanently stores the files, and ArDrive as a portal to that blockchain - letting users easily interface and interact with content. Those interactions look and feel just like using a normal file storage app, but carry the added benefits of enhanced privacy and permanent access beyond the life of the organization. This is made possible by permanent data, the 0-1 invention that people are only just beginning to discover. You can enter the discussion here: https://lnkd.in/gvvNCZ5R #web3 #producthunt #arweave #blockchain

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We need AI to stay current on AI…

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The Data-Driven VC Landscape report just named my teammate of 10 years Yuriy Groysman‎ a top 20 thought leader, and SignalFire‎ a top 20 VC firm. People said we were crazy for trying to build an AI-powered venture firm a decade ago, but Yuriy's pioneering work has unlocked new approaches to sourcing investments and supporting portfolio companies. https://lnkd.in/gKJZMjEV Some fascinating ways we're applying data to VC: -Integrating LLMs to summarize the products of potential investments and automatically route them to the right partner on our team -Generating email lists of qualified sales leads for our portfolio companies based on their ideal customer profile -Producing data-powered content like our recent State Of Talent Report on the movement of tech employees which was covered by The Wall Street Journal‎, Axios‎, Forbes‎, and more https://lnkd.in/gmJuFpGt Congrats to Yuriy and our whole product team led by Heath Black‎. SignalFire's CEO Chris Farmer‎ and I (also named to the list, but rightfully much lower than Yuriy) are excited to keep building our own tech to make support for founders scalable.

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It's incredible to see how two guys, fresh out of high school, not just dreaming big but making it happen.🌟 Their platform, which generates custom APIs from natural language prompts, is a game-changer. Imagine simplifying complex tasks like connecting e-commerce platforms to databases or orchestrating IoT devices with just a few commands. 🙌 It’s a bold step towards democratizing API development and making technology more accessible. Innovation isn’t limited by age, but rather fueled by vision and determination. Can't wait to see how their platform evolves and makes API generation more accessible and efficient! 🚀 #Startups #AI #Innovation #YoungEntrepreneurs #TechRevolution https://lnkd.in/dD_jGRNn

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Wiz - $0 to $23B in 4 Short Years The Actual Reason Why Alphabet Inc. is Happy to Make it Happen Alphabet is likely buying Wiz for $23B - an insane amount of value created in just 4 years since its founding in 2020. For context, it took OpenAI 7 years to get to $20B. Alphabet buying Wiz at $23B puts a fantastic comp out there for investors to underwrite to and justify insane valuations (kinda kidding, kinda not). Currently, Wiz is over $500M in ARR (~46x) but plan to get to $1B in ARR by the end of '25, which would put it at a bit more reasonable 23x, but still a steep price and certainly an indication of conviction in the strategic value of Wiz. So why could Alphabet spend such an insane amount to buy Wiz at such a hefty price? Because the actual golden goose here is winning market share in the ~$300B/yr Cloud Services market that is growing at an insane 21% YoY. The means nearly $60B in new TAM will be up for the taking the next 12 months alone.. Today, Google Cloud (11%) is a distant 3rd in market share behind Amazon Web Services (AWS) (31%) and Microsoft Azure (25%), but it is growing the fastest at 28% YoY. If buying Wiz can help Google accelerate their growth and continue to gain share, they'll be able to capture a bigger slice of that fast growing Cloud Services TAM. And with a market that big growing that fast, there is almost no price too high. Every marginal point of market share is worth at least $15B of EV (assuming 5x). Alphabet currently trades at 5.5x revenue so assuming they can get a marginal $5B of ARR out of the deal over the next few years, the economics make sense almost immediately. Google Cloud is also Alphabet Inc.'s best hedge against AI's potential disruption to their core search business as more people turn to generative AI instead of that trusty search bar to answer their questions. This will be Google's biggest acquisition ever by nearly 2x, and it will be a massive, much-needed replenishment of funds into the venture ecosystem (Index Ventures Sequoia Capital Greenoaks, Insight Partners, Andreessen Horowitz) Fun aside - Wiz has some wildly notable angels on the cap table like Howard Schultz and Bernard Arnault. If this deal goes through it's going to be a huge win for a bunch of founders, investors, and employees and an overall great mark for the early-stage technology ecosystem! All of this is assuming Lina Khan lets it happen!

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Carta’s new QSBS offering for investors is one of the most exciting launches of the year. How it works 1. Investors can refer their portfolio companies. 2. Carta will prompt companies to get a QSBS Attestation to determine qualification. 3. If a company qualifies and receives QSBS Attestation, investors will receive an Attestation letter highlighting which securities held are QSBS-eligible. It’s that easy. With QSBS, investors can save millions and have peace of mind knowing they can provide an attestation letter in the event of an audit. More here: https://lnkd.in/eyX4BU-7 #investors #portcos #investment #captable #QSBS #carta

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📢 Big Update: Meaningful didn’t get into Y Combinator this batch, but we're energized by what we've learned! 🔍 Our Journey: - Initial Concept: 'Who was the guy?' – remembering contact details from phone interactions. - Discovery: Paid users, but retention issues surfaced. - Interviews: Target audience wanted a simpler process for building meaningful relationships. 🔄 Pivot: - We shifted our focus based on user feedback. - Realized our initial idea might have been a 'tarpit idea'. - Refined our product to better meet user needs. 💡 Lessons Learned: - YC application process provided invaluable insights. - We're preparing to reapply with a clearer plan and stronger proposition. 🔜 Next Steps: - More focused on solving real pain points. - Excited and motivated for what’s ahead. 💬 Takeaway: Success is great, but learning from setbacks is crucial. We're grateful for the journey and your support. Stay tuned for more updates! #YC #YCombinator

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