Nat Emodi (@natemodi) header
Nat Emodi (@natemodi) profile picture

Building.

Bay Area
Joined June 2011
Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)Photo by Nat Emodi (@natemodi)
Nat Emodi retweeted
We're doing something kind of insane for the next 48 hours We are giving away potentially millions of dollars of shares in our public venture fund, USVC Everyone that invests on the USVC website until midnight tomorrow gets an extra 5% in shares... on us Here's how it works:
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US industrial capacity has been eroding for decades, and with it the fortunes of our middle class and to an extent, our national security. Data center development and our leadership in AI can reverse that trend, finally. Current hysteria to block all projects everywhere is a gift to China.
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Nat Emodi retweeted
We launched USVC with the goal of giving investors access to products once reserved for institutions. This year KKR, Invesco, Blackstone and Brookfield added bonus shares to their toolkit. Today, USVC is bringing bonus shares to venture with a 5% share match.
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Nat Emodi retweeted
I’m excited to co-host this screening at @founders_cafe, which is a change of pace from the normal events we host in the cafe. The fun part of working at @AngelList is I can host events for things that I think are cool, which are mostly robots, but also includes Turkish-American female filmmakers. DM for an RSVP link! Amyomar.com
Hosting a screening & conversation in honor of filmmaker Amy Omar when she'll be visiting SF. January 7. Thank you @AngelList for hosting us. A great way to learn about entering the film world and how you can support a great new feature film happening. DM me for RSVP link.
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Nat Emodi retweeted
We're doing our first USVC share "drop" soon The drop will be a 48 hour window where everyone who invests on usvc.com will get a 5% match in shares from us (Up to a maximum of $1M) Here's exactly how it will work:
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I spent 5 years building @usvchq to give everyday investors tools once reserved for institutions This year KKR, Invesco, BREIT and Brookfield added bonus shares to their toolkit We're bringing it to venture USVC Match rewards investors who join early usvc.com/match
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Nat Emodi retweeted
AngelList’s public VC fund (USVC) is offering a 5% match for new investments. Seems like a win-win way to spend marketing dollars. Invest here:
I spent 5 years building @usvchq to give everyday investors tools once reserved for institutions This year KKR, Invesco, BREIT and Brookfield added bonus shares to their toolkit We're bringing it to venture USVC Match rewards investors who join early usvc.com/match
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A nice evocation of genius, from Ayad Akhtar’s “The Radiance”:
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Nat Emodi retweeted
"We believe things should just be normal: the schools and the trains should be great, and their budgets should be balanced, the mentally ill drug addicts should be cared for in facilities safely removed from the public, the business climate should be open and free, it should be inexpensive to build in the city, anti-housing policies should be eradicated, and crime should be illegal."
Replying to @PirateWires
For more endorsements, including for candidates who don’t want to burn down SF and California writ large... check out our full San Francisco Voter Guide. For people who aren’t insane. 👇 piratewires.com/p/a-san-fran…
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'Seems like AI slop' is now a drop-down item on LinkedIn Hats off to the team that named this sorry @SpamRoss !
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Nat Emodi retweeted
Just went for a long walk while using ChatGPT Voice with plugins on my phone, and I think it's a more consequential update than it might seem at first glance. On my walk, I talked through my calendar, email, and to-do list. I had ChatGPT read through my emails and triage them. Then, we added items to my to-do list. Then, we reviewed my calendar. By the end of the walk, I'd finished getting organized, and never had to look at a screen once. I've been waiting for this a long time. Yes, you can kind of do this in the ChatGPT desktop app. And I think in Codex remote on the mobile app. But I've never gotten either to work very smoothly or reliably. And I often want to do this when I'm not near my laptop, like when I'm out for a walk, and the ChatGPT desktop app for whatever reason won't connect. This feels like the future. It feels like a true assistant. You have a natural conversation, and it does stuff for you. It disappears into the background. You're not walking down the street with a screen in your face. You're not contorting your thumbs to type sentences and scroll menus. You're just talking, conversationally, and stuff's getting done. My sense is: • Screens are going away for many uses other than visual content consumption. They won't disappear entirely. But they also won't dominate the way they do now, and definitely not for things that can be done verbally. • Apps that aren't agent-native and plugin-optimized will die. I use Google Workspace and Todoist primarily because they're so well-integrated with ChatGPT. I stopped using apps, such as many of Apple's, because with few exceptions they're poorly agent-integrated. (X is a big exception, but I've hacked some integration via IFTTT.) • Those apps, however, will become more valued for what they let agents do than for their in-app experiences. Not all will become essentially databases, but many will. It also seems inevitable to me that at some point OpenAI and other AI app providers roll out native calendar, email, and to-do functionality that's maximally agent-optimized. • We'll have our audio agents on all the time. We may have them on mute sometimes (I discovered you can do this with ChatGPT Voice by clicking an AirPod), but at great cost, because you'll want be able to just say something like "summarize that conversation I just had and then draft the presentation." It will be like having an assistant following you around when you want them to. • We need new hardware. For example, I want a camera in my AirPods not to take pictures, but to have the context of what's around me. Like, "What kind of tree is that?" Or, "That's a cool shirt. Find out where they bought it." (I have this in my Meta Ray-Bans, but people are now very sensitive to those devices because they do take pictures.) I also want ChatGPT able to be always listening or awoken with "hey, Chat." • The individual thread model starts to break down when you're treating ChatGPT like an always-on assistant. We need to have the infinite continuous thread from which ChatGPT can delegate work to subthreads, the central assistant model that Muse is built around. This makes even more sense when you start treating your AI apps like assistants. They should be juggling all those individual threads on your behalf. More to come I'm sure as I continue to experiment.
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Nat Emodi retweeted
Faire I am incredibly proud to have been an investor in @Faire since 2017. I worked closely with founders @maxrhodesOK, @Kolovson, @Mescortes, and Daniele Perito for several years before they started Faire. They are absolutely stellar S-tier talent. What they and the Faire team have accomplished since is extraordinary. This Wall Street Journal piece (linked below) captures the scale of that accomplishment: a $730M+ annualized revenue run rate, 45% year-over-year growth, and an expectation of reaching EBITDA breakeven in Q4. Those are remarkable numbers for a company taking on an enormous and stubborn problem. Wholesale has changed remarkably little for more than a century. Independent retailers still spend huge amounts of time discovering products, managing inventory, and absorbing costs that large chains spread across thousands of stores. Faire is changing that for hundreds of thousands of retailers and brands. The company is now on pace to facilitate more than $4.5B in merchandise purchases annually. Every order adds to Faire’s understanding of which products sell in which stores. That information improves product recommendations, gives retailers more confidence in what they buy, and connects brands with customers they would struggle to find on their own. I’m especially excited by how much opportunity remains. International markets give Faire much more room to grow. Advertising, launched in 2024, already contributes about 9% of revenue. Fulfillment could reduce customer shipping costs by roughly 80%, directly improving retailer margins. For Faire employees, I hope this article brings a deep sense of pride. You have built something truly special. For candidates, Faire offers a rare opportunity: proven demand, enormous room to grow, hard technical and operational problems, and a founding team that I would back again without hesitation. Very few teams get to build a company of this scale while improving the odds for independent retailers and brands around the world. Faire does both. I feel incredibly fortunate to have been part of the story from the beginning. I have never been more excited about what this exceptional team will build next.
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Nat Emodi retweeted
AIs cracking short-term superforecasting is such an important (and, still, under-discussed) trend. Via a new piece from @nikostro economist.com/science-and-te…
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Nat Emodi retweeted
We launched USVC, our venture fund available to the public four months ago Since then, we have: - Raised $50M+ from almost 5,000 investors - Grown our NAV per share by 12%+ since launch (30%+ annualized) - Successfully completed our first tender offer And on the investment side: - We got exposure to some of my favorite companies like Supabase, Mercor and Mercury - Existing companies in the fund like Anthropic, OpenAI, Sierra and Crusoe went on to raise more money at higher prices - We also backed some of the most accomplished early-stage fund managers investing in the next generation of startups Full portfolio here: usvc.com/portfolio -- We're in the middle of one of the most exciting technological revolutions of our lifetime And the majority of wealth creation from that revolution could be in private markets Fired up to allow retail investors access to private markets with as little as $500: usvc.com
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Nat Emodi retweeted
cool dog
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Nat Emodi retweeted
AngelList frequently conducts distributions when a company is acquired or IPOs. For most companies, 98% of shareholders request cash and 2% request stock. For SpaceX, it's flipped: 75% of shareholders request stock and 25% request cash. Strong signal that upcoming lockups won’t add selling pressure on the stock.
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Nat Emodi retweeted
USVC, our public venture fund, is up 10%+ in the last few weeks We also completed our first tender offer a few weeks ago, buying back everyone who wanted out Here's a quick FAQ for people wondering exactly how all of this works before the upcoming Anthropic IPO:
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Nat Emodi retweeted
the engineer's job is shifting: stop performing the task, start optimizing the factory that does it. excited to share auto.sh — a programmable platform for building richly configurable software factories. sign up for the waitlist and DM me if you're interested
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Jeff Bezos is bringing his new AI company to Oakland. Project Prometheus just signed a massive 100,000 sq ft lease, at a former steel complex that's becoming a hub for advanced manufacturing, robotics, clean energy and R&D. Project Prometheus, co-founded and led by Bezos and Vik Bajaj, is building what it calls an “artificial general engineer” for the physical world. Their vision is to build AI that doesn't just understand text and digital information, but can understand the physical world and help design, engineer and manufacture real things...from jet engines and automobiles to computers, medical devices and other complex products. The company has already raised $12 BILLION at a $41 billion valuation. Now it's taking 100,000 SF of industrial space in West Oakland. That location makes a lot of sense. It's minutes from UC Berkeley, Berkeley Lab, the Port of Oakland and San Francisco, with the kind of power, high ceilings and industrial infrastructure that physical AI companies need. The Bay Area AI boom has been a San Francisco office story so far. But the next wave of AI may need warehouses, labs, manufacturing space, robotics facilities and places where AI can interact with the physical world. And the East Bay has a LOT of that. Awesome to see one of the best-capitalized AI startups in the world choosing Oakland as part of that vision. 👀 📍 Oakland
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Nat Emodi retweeted
There are roughly as many Flock license plate readers installed across the entire US (120k) as NYC has video cameras installed just in its transit system, let alone on the streets. Do opponents of Flock want those removed, too? Does anyone think that'd be a good idea? Cameras are enormously valuable for solving, and hence deterring, crime. The real debate shouldn’t be cameras vs. no cameras. It should be about guardrails: what data is collected, how long it’s kept, who can search it, and for what purpose. These questions are addressable. The medical field had to deal with these w/r/t access to electronic medical records. There were some early abuses. But the medical field created rules, tech restrictions, and a culture to address these risks. Inappropriately snoop on a med record today, if you even can, and the standard is instant termination. There are enormous benefits to solving and deterring crime. Technology can complement humans to create a safer, more equitable, and more just society while preserving constitutional protections for privacy.
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