Tobenna Arodiogbu

After 16 years and 10 months -- I'm finally writing my first...X? Also, will start writing more regularly. My first post is, ironically, on why I'm posting. qy.co/new

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Ramtin Naimi started a successful hedge fund at 19, went bankrupt at 24, and then built a $1.8 billion venture firm backed by investing icons like Stanley Druckenmiller, @pmarca, and @BillAckman. Michael Ovitz calls Naimi his “non-biological son.” Founders say he’s “the most important person you’ll meet.” Silicon Valley has begun to whisper about him as the man with “the hot hand.” For the first time ever, we’re excited to share the remarkable story of a 34-year-old whose CV reads like no other investor’s in Silicon Valley. @ramtinnaimi does not have a college degree, his Iranian immigrant parents had little money, he founded a failed startup that led to bankruptcy, and the only normal job he’s ever had was working weekends at West Elm, the furniture store. What Naimi does possess, however, is supernatural hustle, pattern recognition, and a chip on his shoulder more valuable than any credential. He made $500,000 as an 18-year-old trading options through the global financial crisis, his first-ever venture investment is now valued at $11 billion, and two years after going bankrupt, a list of finance titans bought 20% of his nascent early-stage venture firm, Abstract, for $10 million. Today, Abstract manages $1.8 billion and has a simple value proposition: It is the best firm in the world at getting founders from seed to Series A. Stories from @gsivulka, @shreyamurthy, and @krea_ai’s Victor Perez all testify to Naimi’s special talent at orchestrating fundraising rounds, luring legendary investors out of their offices to meet his founders at unusual times. Even his peers talk about it in tones of admiration. Andreessen Horowitz GP @illscience said, “Ramtin’s got a knack for being around all the most important deals. Whenever he says something is important, we take it incredibly seriously.” For the full, improbable story of Ramtin Naimi’s journey from insolvency to influence, read @domcooke's profile, linked below. It is complete with detail on how he became best friends with Michael Ovitz and @kevinhartz, how he lives in his dream home that he first saw at 18, but, most of all, how he built what @DavidSacks called, “an elite early-stage firm.”

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We've closed our Series F round of fundraising at a $15B valuation. Our goal: To bring vehicle intelligence to every moving machine on the planet. Learn more about our vision and road ahead: appliedintuition.com/blog/se… #fundraising #seriesf #startup