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VOICE ARCHIVE

Ron Pragides

@mrp
9 posts
2026-01-26
HUBRISTIC FUNDRAISING “Brex raised $300 million at a $12.3 billion valuation in October 2022—technically 2022, but really the tail end of the 2021 madness before rates spiked and everything crashed. At that valuation, with maybe $200-250M in revenue at the time, Brex was being [image]
2026-01-26 View on X
SaaStr

Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this

Capital One just announced it's acquiring Brex for $5.15 billion.  An incredible, top .1% “exit” in less than 10 years …

2026-01-25
HUBRISTIC FUNDRAISING “Brex raised $300 million at a $12.3 billion valuation in October 2022—technically 2022, but really the tail end of the 2021 madness before rates spiked and everything crashed. At that valuation, with maybe $200-250M in revenue at the time, Brex was being [image]
2026-01-25 View on X
SaaStr

Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this

Capital One just announced it's acquiring Brex for $5.15 billion.  An incredible, top .1% “exit” in less than 10 years …

2025-06-20
🇮🇹🚀 @Base10Partners leads €25M round for Italian HR startup Jet HR Bravo @mogliengo & @ScalaTheSeeker — Thank you for having me as an early investor in https://jethr.com/ https://www.axios.com/... via @ryanlawler @axios [image]
2025-06-20 View on X
Axios

Milan-based Jet HR, which provides all-in-one payroll and HR services to SMBs, raised €25M led by Base10 Partners, bringing its total funding to about €42M

Thank you for having me as an early investor in https://jethr.com/ https://www.axios.com/... via @ryanlawler @axios [image]

2024-05-14
“Many young founders are just moving back to the Bay Area, even if they were away for the last couple of years, in order to be a part of immersing themselves in the middle of the scene.” @stephzhan @sequoia https://news.crunchbase.com/ ... via @geneteare @crunchbasenews [image]
2024-05-14 View on X
Crunchbase News

AI startups in the Bay Area raised $27B+ in 2023, more than 50% of global AI funding, up from $14B in 2022 when the region accounted for 29% of all AI funding

Gené Teare / Crunchbase News : X: @richard_florida , @crunchbasenews , @mrp , and @benwerd X: Richard Florida / @richard_florida : The Bay Area is the world's undisputed leader in...

2024-04-01
@garrytan “I was impressed at his willingness to dive in and become a lightning rod for a good cause.” @jeremys “[San Francisco is] shifting from Mao socialist to Biden Democrat.” @terronk [image]
2024-04-01 View on X
New York Times

A profile of YC's Garry Tan, whose combative online persona has sparked controversies as he tries to shift SF politics from idealistic progressivism to centrism

discussing his increasing local political presence just as Demo Day is about to kick off in the city.  🎁 https://www.nytimes.com/... Mastodon: Glenn Fleishman / @glennf@twit.social...

2020-01-27
The “as a service” infrastructure is coming to banking. To understand why this is such a big deal, we need to look at how complex the banking stack is today. Ever wondered what it takes to start a bank? Here's a simplified version: (via @astrange @a16z) https://a16z.com/... https://twitter.com/...
2020-01-27 View on X
Andreessen Horowitz

Fintech startups tackling every layer of banking stack, from core tech to KYC/AML, enable startups and companies like Apple to start adding financial services

This is an abbreviated version of a presentation I gave live at the a16z Summit in November 2019.  You can watch a video version on YouTube.

2020-01-02
@kimmaicutler “It is incredibly expensive to live and work in the bay area... The physical infrastructure (transit, housing, etc) has not kept up with the needs of the region and there is no sign that it will change anytime soon.” @fredwilson @avc @usv https://avc.com/... https://twitter.com/...
2020-01-02 View on X
AVC

Big trends and takeaways from the 2010s: the “capital as a moat” model has failed, machine learning has become table stakes for tech companies, and more

My friend Steve Kane suggested I take a longer view in my pair of year end posts this year: … And so I will.

2020-01-01
@kimmaicutler “It is incredibly expensive to live and work in the bay area... The physical infrastructure (transit, housing, etc) has not kept up with the needs of the region and there is no sign that it will change anytime soon.” @fredwilson @avc @usv https://avc.com/... https://twitter.com/...
2020-01-01 View on X
AVC

Big trends and takeaways from the 2010s: the “capital as a moat” model has failed, machine learning has become table stakes for tech companies, and more

My friend Steve Kane suggested I take a longer view in my pair of year end posts this year: … And so I will.

2019-11-05
More senior roles typically get more equity. The highest compensated c-suite roles are dominated by men We analyzed the data in 4 ways to help better understand the equity gap. @EmilyKramer @ErinBoehmer @Raff_OutLoud @cartainc @tablestakes https://tablestakes.com/study/ https://twitter.com/...
2019-11-05 View on X
Axios

Study of ~10K startups: women represent 13% of founders but own 7% of founder equity; 31% of all equity owners are women, but hold 6% of total startup equity

Female entrepreneurs have less equity in their own companies than do male entrepreneurs, according to a new report from Carta.