I think I just got the worst cold pitch of all time. No deck, no context, just a DocuSign NDA. It’s so bad it almost qualifies as performance art.

Headed to Italy tomorrow with the family. Apparently if I skip Italy this summer they’ll strip my VC title and rebrand me as a “high risk capital allocator.”

GPT-5 isn’t the leap many expected and that’s good for startups. When every release feels like a step change, model providers tend to absorb more of the value chain. Slower jumps mean more room for startups to build durable products, own distribution, and differentiate through workflow, UX, data, and domain expertise. Instead of being displaced by the next API call from the frontier, founders can double down on deep integrations and compounding advantages knowing the ground beneath them won’t shift overnight.

Excited to share the latest investment I’m leading for us at @EniacVC, a $6.5M seed round in Refold AI. If you’ve been inside a large enterprise tech stack, you know the “integration tax.” Every time you add a workflow, upgrade a system, or hit an edge case, a small army of consultants shows up to keep APIs talking. Enterprises spend $350B a year on this and the work is repetitive, brittle, and slow. Refold flips that model. Their AI agents learn how systems interact, generate and maintain the code, and adapt automatically as software changes. Multi-quarter service projects become repeatable, productized software delivered in days. Founders Jugal and Abhishek lived this pain inside massive SAP environments, where a single field change could take days and six figures to fix. Their insight: integrations aren’t magic, they’re patterns. And patterns can be learned, automated, and scaled. Refold already works with 30+ paying enterprises, processes 30M+ API calls per month, and is growing ARR fast. This is not just cost savings, it is removing friction from how businesses connect and unlocking speed and innovation. We believe this is the future of integrations: fast, invisible, and autonomous. Excited to partner with the Refold team to kill the integration tax for good.

Introducing The Helper by @tryattention: Your command center for revenue orchestration, right inside Slack. It accesses every touchpoint across your CRM, calls, emails, and Slack, and turns them into instant, actionable GTM intelligence. Ask a question, get the insight, without switching tabs or screens. After years of building thousands of revenue-specific workflows and AI agents, we’ve learned what GTM teams actually need from AI. The Helper is our answer.

My son saw a picture of the Man burning at Burning Man and asked what it was. I told him it’s a superhero called Burning Man. Later, he and his brother ran through the house playing superheroes, one Batman and the other Burning Man.

Watching the GPT-5 demos, this one really caught my eye. Most experts thought we were years away from LLMs being able to fully rewrite a codebase in Rust. It’s a highly deterministic task that stochastic models like LLMs weren’t expected to handle accurately. Could be a sign of a real breakthrough!

GPT-5 is here. The ultimate benchmark: how much better VC tweets get over the next 48 hours.

Funny how being a founder is one of the most exhausting jobs, yet when things are going well, founders never seem tired

“Day and night the telescreens bruised your ears with statistics proving that people today had more food, more clothes, better houses, better recreations… not a word of it could ever be proved or disproved.” —1984