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New York, NY
Excited to deepen our partnership with @ZachBDell @JLopas & the rest of the @basepowerco team as they continue to look to advance human prosperity by delivering the world's most affordable and reliable electricity. 🔋🐸
Here’s why we believe @basepowerco can become the defining power company of this era. Excited to deepen our partnership with @ZachBDell, @JLopas, and the rest of the @basepowerco team!
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.@mickymalka is the founder of @RibbitCapital — the firm behind Revolut, Robinhood, Nubank, Coinbase, and more. He bought his first share of Berkshire Hathaway when he was 13, in Venezuela, with money he borrowed from his grandfather. His grandfather charged him interest. He started his first company at 17. In his mid-20s, he put every dollar he had into launching a bank in Brazil for the 50 million Brazilians nobody else would serve. Micky is a quiet killer. Respected by the elite of the elite. When I asked @patrick_oshag how he’d describe Micky to someone who didn’t know him, he said: “He’s a mfing moneymaker.” Micky hates labels. The only label he wants is on his tombstone: “He was a rebel.” 0:00 Why Micky Malka Refuses to Be Labeled 3:00 Writing Your Way to Conviction 5:41 Buying Berkshire at 13 and Learning Buffett's Operating System 11:48 Token Factories, AI Bankers, and the Future of Money 18:38 The Infinite Game: Why It's Better to Be Behind 22:09 Gen Z Founders and the Chaordic Company 29:00 Why Young Founders Want to Build Atoms, Not Just Bits 34:29 Bringing Beauty and Taste Back to Technology 36:56 Revolut, Founder DNA, and Earning Deep Trust 45:54 Building OnePay With Walmart 50:53 From Lemon Bank to OnePay: A 20-Year Idea 56:00 Compounding Trust and Protecting Your Reputation 1:00:30 Node and the Rebel Case for Digital Art 1:07:34 What It Means to Live as a Rebel 1:10:50 Why Ribbit Is Built Like a Startup 1:14:41 Charlie Munger and the Power of Time Includes paid partnerships.
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Intelligence is the highest-yielding resource on earth, and Etched is building frontier inference clusters to produce more of it, at the performance-per-watt frontier. @UbertiGavin, @robertwachen & team are pioneering new paradigms around low voltage inference & cluster scale memory to unlock humanity-scale AI.
Every Ribbit investment starts with one question: can we explain the “why” on a napkin? As @Etched announces its latest funding round and shares more of what they’ve built, here’s what our Etched napkin says. @UbertiGavin @robertwachen
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Deeply thankful to everyone who helped make this milestone possible, and to @InfiniteXYZ and @RibbitCapital for their partnership. Excited for what comes next.
Grateful to announce our $300 million Series C. Firepower to accelerate our mission.
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Data volumes & velocity continue to grow exponentially moving much faster than compliance ever will but most businesses don't even know where their sensitive data lives, how it's being used, and who has access to it. @arcurn & the @evervault team are building the clearinghouse for sensitive data.
Today, we’re excited to announce @Evervault's $25M Series B, led by Ribbit Capital with continued support from @sequoia, @IndexVentures, @kleinerperkins, and @nextplayVC. This round comes at a time when sensitive data exchange on the web is going parabolic. Since 2019, we’ve been focused on building durable infrastructure for engineering teams to collect, process, share, and enrich sensitive data -- while keeping it encrypted at all times. We thought we were making good progress in encrypting the web, helping customers like @tryramp, @Rippling, @finix, @TheOverwolf, @Uniswap, @CarTrawler, and hundreds of others secure more than $5bn/year in payment flows and 100m+ unique tokens per month. But the past year has shown that our enemy -- plaintext data -- is getting stronger and more pervasive. Our vision is to build the clearinghouse for sensitive data, helping companies exchange sensitive data in a secure and encrypted way. This round helps us encrypt more of the web by further refining our developer experience, building deeper integrations with trusted third-parties, and increasing the value we can offer our customers for more data types. First and foremost, thank you to our customers. You trusted Evervault to sit directly in the flow of your most sensitive data (payments, identity, financial information, and more) and that trust is not something we take lightly. Your feedback, your requirements, and the problems you bring to us every day are what shape the product and push us forward. Thank you to the Evervault team. What you’ve built is genuinely special: infrastructure that lets developers process sensitive data without ever having to see it in plaintext. The pace, craft, care, and ambition you bring to work every day are what makes this company what it is. And thank you to our new investors for believing in the vision of making security architectural rather than procedural. We’re grateful to have partners who understand both the scale of the problem and the opportunity ahead. The internet still assumes that sensitive data must exist in plaintext somewhere. We’re building the infrastructure to change that. Onwards! More here 👉 evervault.com/blog/series-b?…
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1/ Since the start of Ribbit, we’ve always asked entrepreneurs one question: Who is your customer?
Today, Listen crossed $100M in funding. Building is easy now. Knowing what to build isn't. Our AI finds and talks to your users so you don't have to guess. See how Sweetgreen, Microsoft, and Replit use it:
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Jeff Bezos famously kept an empty chair in meetings to represent the customer, because obsessing over customer experience is the only long-term defensible moat. Listen provides all companies the proverbial "voice of the customer" 24x7x365. Congrats to @itsalfredw & @florian_jue on the raise. breakthrough can come from anywhere...but only if you are listening.
Today, Listen crossed $100M in funding. Building is easy now. Knowing what to build isn't. Our AI finds and talks to your users so you don't have to guess. See how Sweetgreen, Microsoft, and Replit use it:
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Token factories… explained by some of the rebels shipping them. @CrusoeAI @DecagonAI @getsafetykit @Morpho @withpersona @PsiQuantum @topdotco 1 of 4/
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Amazing & inspirational to see what @MichaelDell & Susan are catalyzing with their $6.25B donation to help 25M children build their own financial foundation through Invest America. This idea has been in the works for at least 4.5 years now that was enacted as part of the OBBB Act earlier this year. A rare bi-partisan letter pushing business leaders to contribute to the 50+ million accounts set up over the next 6 months.
On the @theallinpod @altcap & @chamath brought up the "Invest America Account" starting w/ $10-$15M each (with a goal of raising $100M in short order), to give $2,000 to new borns to get the gov't off the sidelines. A $2K check compounding at 7-8% is $162K-$300K at the age of 65
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Super excited to partner with @nshalek @mickymalka and Justin at @RibbitCapital as we build Mathematical Superintelligence!
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The team that @ZachBDell & @JLopas are building at Base is world class. When you walk through the office you hear it: “Energy has become the economy’s core constraint.” "Power is the most important product in the world." "Rate limiting prosperity by a lack of electrons is not an option" "We’re building the future of power so human progress can accelerate" The gird is the weakest link in America's energy system. We can produce plenty of cheap electricity, the harder challenge is moving it efficiently & affordably. AI, robotics, manufacturing none of it works without a modern grid. That's what the Base team is solving.
Today we are announcing our $1B Series C, but money isn’t the story. The story is what we’ll do with it, and the scale of the challenge ahead. Our mission isn’t constrained by capital, supply, or demand. It’s constrained by talent. To build America’s next great power company, we need the engineers, operators, and creatives ready to take on the challenge to join us. Power is the most important product in the world. It runs through everything: our homes, hospitals, schools, factories, and future. And the grid that delivers it is breaking. At Base, we’re building the future of power so human progress can accelerate. In the past two years, we’ve grown from an idea into one of the fastest growing energy companies in America. Now we’re entering a new phase of growth. Our first manufacturing site is rising in the heart of Austin, inside the former Austin American-Statesman printing press. Here we’ll build our own hardware to meet surging demand and scale nationwide. This is a key step in putting a battery on every home in the country. Few teams get to say their work powers human progress. We do. With a billion dollars of fuel, our next wave of growth will be defined not by capital, but by people who choose to step up, take ownership, and build the next great American power company. The old system is breaking. Come build the new one. Our Series C was led by Addition, with participation from both new and existing investors including Trust Ventures, Valor Equity Partners, Thrive Capital, Lightspeed, Andreessen Horowitz, Altimeter, StepStone, Elad Gil, 137 Ventures, Terrain, Waybury, Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789.
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It’s hard to have returns as good as Micky Malka and still be as widely loved @mickymalka, @nshalek and their partners have built an exceptional firm in Ribbit Their pstructure, strategy, ethos, and focus are all unique—and we explore each We need more people like Micky Enjoy!
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We’ve been building Sling to change the way people send money…and we’re ready to share the beta with the world 🚀 download the app (sling.money/download) to sign up on the waitlist… Here’s why we think you’ll like it 🧵
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Druckenmiller on the current market backdrop- “If you’re a risk reward person waiting for a fat pitch this is the thinnest thing ever; you’re facing Sandy Koufax and he has you 0-2”
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$BAC re excess savings: “The cohort that was $2,000 to $5,000 in average balances pre-pandemic had $3,400. They're sitting at $12,800 (peaked early in '22 at $13,400)” which is still 3.8x
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Who are the best people thinking about the future of digital identity / self sovereign & reusable identity?
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0/ A lot of moving pieces for @toly @rajgokal & the rest of the @solana team since Breakpoint last week... but it served as a great recap of the last 12-24 months and where things are headed.
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15/ @solanamobile gave an update on Saga: 1) Dev kits ship in mid-Dec 2) dApp store submissions in Jan '23 3) Public access in "early '23" They went thru SMS & let people use devices throughout the week to see the signing experience
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16/ Finally @toly gave a state of the union of where the ecosystem has been over the past 12 months, and where things are going with an emphasis on the jobs to be done.
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