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Today's show:
*There are $100 trillion in global assets sitting on top of what Hanover Park co-founder/CEO Chris Hladczuk calls "human duct tape": armies of accountants in offices patching together work from various legacy tools (QuickBooks, Excel) that are holding funds' own data hostage. Can all of this be replaced with AI? Find out how their startup went from overseeing $1B to $20B in assets in just 15 months.
PLUS, we flash back to March 2020, when Jason and Figma co-founder/CEO Dylan Field broke down the design tool's initial go-to-market strategy, made some WILDLY inaccurate COVID predictions, and considered anxiety about "SaaS burnout" years before the category went full apocalyptic.
Guests:
Chris Hladczuk on X: https://x.com/chrishlad
Hanover Park: https://www.hanoverpark.com/
Dylan Field: https://x.com/zoink
Figma: https://www.figma.com/
Relevant Links:
Turner Novak on X: https://x.com/TurnerNovak
Banana Capital: https://www.bananacapital.vc/
Emergence Capital: https://www.emcap.com/
Lux Capital: https://www.luxcapital.com/
Susa Ventures: https://susaventures.com/
Bill.com: https://www.bill.com/
METR: https://metr.org/
Granola AI note taker: https://www.granola.ai/
Vanta: https://www.vanta.com/
Foo Camp on YouTube: https://www.youtube.com/c/foocamp
TechCrunch Mahalo coverage: https://techcrunch.com/2014/01/27/inside-mobile-news-launch/
Timestamps:
Hanover Park & the fund admin problem
Why funds outsource instead of building
Why fund accounting is so complex
The "one-click migration" goal
Northwest Registered Agent - Get more when you start your business with Northwest. In 10 clicks and 10 minutes, you can form your company and walk away with a real business identity — Learn more at https://northwestregisteredagent.com/twist
Context vs. intelligence gaps
No PMs, No Designers
Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist
This is a $100T opportunity
Flashback w/ Dylan Field of Figma
Sentry - Your team should be focused on shipping features — not chasing down bugs. New users can get $240 in free credits when they go to https://sentry.io/twist and use the code TWIST
Pre-AI enterprise security worries
SaaS overload and SaaS burnout
The evolution of Figma pricing
The rise and fall of Mahalo dot com
The work-from-home revolution begins
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