Where do the ideas come from? How do we build companies from scratch at super{set}?
Good ideas are hard work.
Nobody plucks tech startup ideas out of the air like butterflies. Ideas actualize over time. It takes hard work and persistence to ideate a new formation opportunity that actually has the wherewithal to become a company.
Tom and Vivek make the distinction between ideas rooted in data versus software, and why super{set} pursues only these data-driven ideas.
Not all ideas are easily comprehensible from the get-go. Some ideas are straightforward and clear — like making kids’ boxed mac and cheese — and others take a bit more work to unfold — like a delicious, steamy, Michelin star soufflé. At super{set}, we discern one from the other through writing a detailed Solution Memo.
Similarly, not every idea makes it out of the kitchen and onto the dining table. At the ideation stage, Tom and Vivek think about market-message fit. Market-message fit is the proto product-market fit. It is estimating product-market fit before the product even exists
Learn more about how we at super{set} found and fund data-driven companies at superset.com
Speaker 1: Welcome to The Closed Session, How to Get Paid in Silicon Valley. With your hosts, Tom Chavez and Vivek Vaidya.
Tom Chavez: Welcome to Episode 2, Season 3 of The Closed Session. And here we are again. What’s amazing to me, Vivek, is that you chose to wear the same exact clothes to come back to record the second episode as you wore in the first one, for people who are now watching us on video.
Vivek Vaidya: I have 15 of these, Tom.
Tom: Oh, is that? Okay.
Vivek: I don’t, I don’t, I’m just joking.
Tom: Yeah. You just have the same… You’re officially a tech bro, now, because you take the same piece of clothing out.
Vivek: How long have you known me Tom?
Tom: You’ve got a lot of hoodies now.
Vivek: There are very few things that hurt my feelings, but calling me a tech bro?
Tom: Stinky, don’t even get like that. Come on. Come on, now. All right, so Episode 2. We talked about venture studios-
Vivek: We did.
Tom: Episode 1, and our understanding of the differences between what a venture studio does at formation versus what a venture capitalist does. A lot of people ask us, “Okay, but where do you guys get the ideas? Where do these things come from?”
Vivek: We did promise we’ll dig into it deeper in the last episode.
Tom: We did, so we should probably pay it off now and do that. Where do the ideas come from? How do we build these things from scratch at super{set}? At the last episode we said, VCs, and there are a lot of great VCs that we’ve worked with, but they’re one or two steps removed. They’re in the control tower. We’re flying the plane. We’re down here on the battlefield, shoulder to shoulder with our co-founders, and other entrepreneurs we’re lucky to work with. That still doesn’t answer the question of where do the ideas come from.
Vivek: Yeah, and we’ve said since software is eating the world, I think, yes, there’s a lot of software, a lot more software today than there was 25 years ago. But I think what’s even more impactful, or bigger, is data. The amount of data that we are producing as a civilization is just… I don’t remember these numbers ever, ever, but you probably do. Right? There’s-
Tom: No, don’t make me try to… I can’t remember them. It’s a lot.
Vivek: It’s the number of, in a single day-
Tom: Twenty times a library-
Vivek: Or single hour. Yeah, exactly.
Tom: It’s like 20 times the Library of Congress per hour.
Vivek: Per day, or hour. Something like that. Some ridiculous-
Tom: We can’t remember, but the point is it’s exponential.
Vivek: Yes. Yes.
Tom: And maybe somebody might accuse us of being a little school marmish with our concern about, well software versus data. But if you are in our space, it’s a very meaningful distinction because there’s an awful lot of software out there.
Vivek: Correct.
Tom: And if you think about the last 20 years of software development around these parts, there was a lot of focus in the prior regime around processes. Using software to automate, simplify, orchestrate, processes. That’s all well and good, but it’s hard to differentiate in the current context if you’re just doing that. So bringing this lens of data, what data is it that could be captured, that could be generated, data as an asset to be harnessed at the center of every kind of build out? That, we find, gives us a lot of power, a lot of differentiation.
Vivek: Correct.
Tom: And we’ve been doing it for a long time.
Vivek: It’s something that we-
Tom: It’s what we do. We’re good at it.
Vivek: We’re good at it and it’s also, not the only thing that we know, but we know it much better than say building a social media company.
Tom: We do quickly point out, if you want to build a cool consumer gizmo, I’m happy for you. That’s not my jam. I don’t have good sensibility for that stuff.
Vivek: That’s actually a good segue into how we view the world. We view it with these data-tinted flight goggles, if you will. What that means though, is that whenever we are exploring a new vertical, we talked about healthcare as a vertical in our last episode, we observed that we knew nothing about healthcare, but we ask these questions. How is data generated in this vertical? What is data used for? What kind of data exists? Who benefits from it? What value is there?
Tom: Can I tell a quick story?
Vivek: Yeah.
Tom: Let’s come back to the founding of Krux 10, 12 years ago. You and I were both obsessing over data. We’re talking to a prominent investor, enterprise investor, who has been in the space for a long time. I vividly remember, he looks at us in one of those conversations, cocks his head, squints his eyes like, “Guys, you understand, I’ve been doing enterprise software investment, don’t school me on data processing. That’s what I’ve been doing for a long time.” It took a while to get to that place where he started to understand data wasn’t just along for the ride, data… The lizard was now eating its own tail and data was the asset itself. It wasn’t just to be processed, it was to be harnessed and activated in a new way.
Vivek: I think the difference, at least the way I look at it, earlier, people used to make systems for movement of data, for processing of data, without really understanding how to harness it to generate value. The movie ended with, “Oh yeah, I moved data from place A to place B and look how efficiently I did it. Cheaper, faster, better, whatever.” But I think now, in the last 10-odd years, our evidence of this is this systems are coming up, software is being developed, companies are being created that not only move data or process data, but generate data as well.
Tom: That’s right.
Vivek: Then there’s a flywheel to your point about the lizard eating its own tail, the data that gets generated is put to work to provide better services, better automation to consumers, customers, what have you.
Tom: So that’s why we’re data-driven. We’ve talked about the torrents and terabytes of data being generated every single day, the opportunity that comes from taking this new lens on these problems. Why do we think we’re uniquely equipped to go and tackle this, based on the experiences we’ve had over the last many years? Rapt, and Krux, and so on?
Vivek: I think it’s a great question, actually, and as you know I’ve been doing a lot of recruiting for Markov, which is our MLOps company.
Tom: Here’s a plug for it, is that a cool name for an MLOps company?
Vivek: Markov ML.
Tom: Markov ML. It’s a dog whistle to geeks everywhere.
Vivek: I think credit where credit is due, Pankaj came up with a good name.
Tom: Guy nailed it.
Vivek: Yeah. But I mentioned Markov because I tell people the backstory of Markov and at Rapt, what we were doing at Rapt, in today’s day and age would be… Rapt would be an AI/ML company.
Tom: Absolutely.
Vivek: And it was all about processing data to generate value. It wasn’t just movement of data. We were actually harnessing the data that already existed in people’s order management systems, et cetera, to create valuable software that helped them in whatever business, whether it was supply chain or advertising, or what have you. This was what? Nineteen-ninety-nine, 2000? It was a long time ago. And so, we’ve been on this journey for a long time, and we’ve seen lots of movies in this category. And then Krux was the right next step, in that we built software that helped companies collect data and use it for improving their businesses. It’s a long way of saying that we have a lot of experience in doing this, which leads us to being intimately familiar with a lot of the problems and challenges that people face as they are building these systems, or products, or companies, or what have you.
Tom: That’s right. That’s right. Again, when you bring this lens to these problems, data is beautiful, and we’re big old geeks here, but let’s face it, it’s a law from information economics, data rarely gets sick, doesn’t complain, doesn’t suffer wear and tear.
Vivek: Doesn’t have feelings.
Tom: Doesn’t have feelings. Data is a very loyal steed.
Vivek: That’s right.
Tom: And the companies that are breaking through right now understand that premise. So the harnessing, the creation of a derivative asset… back to Rapt’s, right? Because we were seeing a lot of really valuable pricing procurement data. By the way, we understood how precious it was. We were still in the early innings of trying to figure out how to harness it.
Vivek: Oh, of course.
Tom: At the end, you remember, I was trying to staple the analytic inferences clause to all of our contracts, but it was too late because the concrete had been poured. That’s another topic. But the point here is that we were understanding, “Ah, I can create new insights, new results, new products from the use of this data. Can I get my contracts in line with customers to enable that?” We were checkmated and it was too late. We sure got it right at Krux and we-
Vivek: We did get it right at Krux.
Tom: …and we do it everywhere else now.
Vivek: And now we do it everywhere else. As you were saying, that thing about the narrating anecdote about Rapt, I was just thinking. The term “network effect,” it didn’t exist back then. Everybody’s talking about network effects these days.
Tom: Especially social network effects. You want to talk about data network effects for a minute. Tell us what that’s about.
Vivek: The idea behind a data network effect is, when you have data that is being generated or produced by the system that is being used, that data can be leveraged to create services and products that result in, A, more data being generated and more people coming in to generate more data.
Tom: There you go.
Vivek: So it’s a two… It’s a second-degree effective if you will. That’s what I think we mean by the data network effect.
Tom: It’s harnessing data from the collective to generate ever-increasing value for the individual customers on our platforms.
Vivek: Correct. And, the value that the collective gets results in more people being added to the collective itself. So, as it grows, the value grows exponentially, I think.
Tom: It’s important to note in this context, because we are product software guys, you can nail the technology component, but one of our big lessons learned, and for anybody listening here, it’s not just a technical problem, it’s a contracts, customer, go to market issue as well. Because if you don’t nail these conditions at design time, the way we failed-
Vivek: At Rapt.
Tom: …to do so at Rapt, you can’t get the toothpaste back in the tube. So designing these contracts… and it’s important because a lot of customers, we saw this before and we still see it today, customers say, “Oh yeah, yeah, yeah, yeah. Give me all of that. Give me all of the goodies. But you’re not going to use my data to feed the collective.” And that’s where we get to what we call the no free riders. “No man, you’ve got to give to get,” and we have held steady.
Vivek: We did.
Tom: With big angry customers with millions of dollars that they wanted to invest in SAS licenses with us. You got to hold your ground.
Vivek: Yeah. We stand firm in our belief that the value of what we’re providing to the collective trumps everything.
Tom: Okay. So we’re spending all this time talking about these philosophical matters because this is the grounding, this is the foundation from which new ideas for companies at super{set} comes. Let’s start digging in-
Vivek: Yeah, let’s do that.
Tom: …on the ideas themselves. And, by the way, it’s two and a half years in, so we still have a lot to learn and we’re going to evolve this as we go, but let’s give our best articulation of how the ideas-
Vivek: Kind of come out?
Tom: Come into existence and take root.
Vivek: Yeah. I think this is a breakthrough that we’ve had recently. If people listen to our first episode, they were introduced to this idea of thingifying, or naming things. So we’ve given names to at least two approaches that we use as a source of ideas. One is Mac and Cheese, and we’ll get into what that means. The other is Souffle. We delved into the Souffle source a little bit in our last episode when we were talking about healthcare. Souffle, from our perspective at least, is something that it’s complex. We don’t understand it. So we have to go and talk to people in the industry to figure out what the problems are, what the taxonomies are, how to talk about the various entities that exist in that industry, et cetera. Mac and Cheese, on the other hand, is a category of companies that we’ve created where we know quite a few things. Take Ketch, for example. Ketch is a company where Tom is CEO, I’m CTO. It directly came from the pain that we experienced when we were going through the process of GDPR compliance at Krux-slash-Salesforce.
Tom: That’s right.
Vivek: We knew exactly what we did over there. We wished we had Ketch. That’s how we thought about it. What can we build that will help our prior lives?
Tom: That’s right. And there was that moment where we were trying to sharpen the distinction between these two companies, we call it Mac and Cheese because everybody loves mac and cheese. I love mac and cheese. You love mac and cheese. You got to let me get some mac and cheese up in here. So, those kinds of companies, we show up with a lot of context, and they’re almost companies where, “You just got to let me do it.” Like please, [inaudible], we’ve been in the boiler room, we have the context.” And so, they’re not getting cocky because we’ve discussed in our last podcast you can’t get cocky. You can’t get too certain. Revision can strike at any time. But, hey, we can leap ahead a little bit here with our mac and cheese because it’s been personal for us in some way.
Vivek: That happened at Ketch as well. Yes, it was mac and cheese. Yes, we knew a lot of things and we’ve had to revise and, I wouldn’t say revise, but evolve our thinking. Because we said earlier on that, “Yeah, we don’t care about things like record of processing activities, and data protection, and data privacy impact assessment,” but we’ve changed our point of view over that.
Tom: That’s right. That’s right. That’s right. Complete. And that’s a big change, by the way, among many that we make without remorse or apology as we go. So as we’re standing up these new opportunities, some of this is you and me and many of the other very talented people at super{set} we get to work with where, and it sounds crazy when people hear this, and I talk about it with, my wife has asked me, “How do you do this?” “We just kind of sit back, smoke a bowl, stare at a whiteboard, and just start swinging a cat. How about this? How about that?” We’re doing it with climate change right now. It starts with climate change is unignorably huge and important, and shame on us if we don’t start pointing our brains at that space. That’s literally how we get the party started there.
Vivek: And climate change, actually, is very… and we didn’t talk about this in the last episode, but I think it’s relevant for this one because we’re talking about where our ideas come from. Our belief is we want to do well by doing good. And so, climate change is one of those things where it’s just… Not only is the opportunity huge, but it’s just good for where we are as a civilization right now.
Tom: That’s right. So let’s take it a step further because that’s a good live example. So climate change, we just start with that impulse and then we call three, or four, or five of our friends, and we meet new people. We’re always trying to make new friends, and we bring them in for hour-long sessions where we ask really naive, occasionally stupid, questions. But it’s so valuable to ask those questions because, as I think we mentioned in the last podcast, we’re like children, unencumbered, who look at their adults like, “Why are you all tripping and why do you do that?” We just show up, “Why does it have to be that way? What if you tried this other thing?” From there, and we touched on this in the last episode, we start to formulate our hypotheses. We start to write what we call the solution memo. What’s the solution memo? Give us a quick-
Vivek: Yeah. So, this is, again, as you said, we’ve been doing this for two and a half, three years and we were trying to introduce some structure into our formation process. So the solution memo is the culmination of our initial efforts at learning about how to make souffle, or even getting crisper on what the mac and cheese is going to be. Even though we might know a thing or two about a company that we want to start in the Mac and Cheese category, we still have to write it down.
Tom: That’s right.
Vivek: What’s the business context? What are the statements of pain? What are the problems that we think we want to try and solve? What benefits that they might provide? Who are the users who have these problems, and who might use our software?
Tom: What are the solution vectors?
Vivek: What are the solution vectors that we want to examine and go down on. Then also, who else is doing it? What does the competition look like? What other things have people tried in this category? What’s worked? What’s not worked?
Tom: Last night, we were having a meeting along these lines for a new formation project and we’re talking to one of these very smart people, big brain on a stick, who is deep in the domain, and we say, “Look, we don’t know who the competitors are, but markets are efficient. They’re out there. We can’t name them today. Next step, we got to go smoke them out of the bush. Figure out who they are, because they’ve got to be out there somewhere.”
Vivek: That’s another important criteria for us. We don’t necessarily want to be pioneers, and we don’t necessarily crave the first mover advantage, do we?
Tom: There are some places where we do that, by the way our very first company, Rapt. I’m a total puppy and this is what young entrepreneurs always do. When asked, “Who are your competitors?” They say, “Oh, I have no, it’s so innovative, there are no competitors.” Ding, ding, ding, ding, ding. Run for the hills. So what are the big lessons learned from all the scar tissue and pain? There is no, no, no, no, no, we want to show up at arenas where there are lots of worthy contenders because the second mouse gets the cheese.
Vivek: Yeah. And I think that’s, as we’re talking sometimes to co-founders and even some investors that we’ve come across, the response is, or the observation is, “Well, somebody’s already doing it, so it’s not that interesting.” We saw that at Krux. It’s, “The space is already backed up. There’s nothing for you to do over here.”
Tom: Let’s dwell on that for a minute, because we were told in sharp unambiguous terms.
Vivek: Categorical terms.
Tom: This company, that company, we’re not going to name them now, “You’re late to the party and it already happened,” and, “Oh my goodness.” We talked also about the certainty to knowledge ratio, and VCs were frequently wrong and never confused. Man, were they wrong.
Vivek: They were.
Tom: So we really like showing up in places where there are other contenders, and then we persuade ourselves in the solution memo that there’s a secret.
Vivek: There’s something we can do.
Tom: There’s a technical moat that we can do that allows us to punch through and create unassailable value.
Tom: Should we switch gears for a minute and do one of our totally unpaid for promotions? What do you think?
Vivek: Sure.
Tom: Any ideas?
Vivek: I was going to ask you, actually.
Tom: Well, I think we should have a moment of silence and appreciation, or I can.
Vivek: Really?
Tom: Yeah.
Vivek: Coming from… Oh, I see. I see why you might say that.
Tom: Well, here we are talking about all these formation-
Vivek: How many domains do you own, Tom? How many?
Tom: All these formation projects, you have to have a URL for it, but, by the way…
Vivek: Okay, here it comes.
Tom: As you’re teasing me.
Vivek: Listeners, here it comes.
Tom: You’re teasing me for all these domain names, but I have these little hot flashes. In 2012, and it’s not an exaggeration. I woke up like I do in the middle of the night, “super{set}. Great name.” It’s the set of all sets, if you like math. You like to work out, you do your super sets. It has all kinds of cool meanings, and it’s just a cool word. Was not taken. I pounced like a cheetah on GoDaddy, or whatever, as you just buy the domain. It’s $4 and 99 cents, or something, for super{set}. It’s useful sometimes, but yes, you’re right, I have a bad habit of just impulsively setting up [crosstalk].
Vivek: Can I tell you a funny story about super{set}? So super{set}, as you know, is also the name of an Apache opensource project. One of our email aliases that we have at super{set} is admin@superset.com. So everybody who uses super{set}, the open source project, has admin@superset.com as their catch-all email. So guess what? I get emails addressed to admin@superset.com from Home Depot. I can tell you who all use super{set} because of the emails. Where I get emails from.
Tom: The power of naming.
Vivek: Power of naming.
Tom: We appreciate all the naming services that make it easy for us. By the way, this is also a funny thing, we were just mentioning it in our investor letter. Companies are going through an average of like-
Vivek: Three names, yeah.
Tom: …three name changes from scratch to launch.
Vivek: Actually that’s true. Habu, Ketch, Markov.
Tom: Markov we started was-
Vivek: Intellistructure.
Tom: Intellistructure. Then we went to Mescelaro, and now it’s Markov. We’re going to stick to Markov.
Vivek: I think we’re going to stick to Markov.
Tom: But you have to have a nice bullpen of possibilities, such that you can stand up these companies and give them a URL as you get going.
Vivek: Thank God for ICANN.
Tom: There you go. Should we go back to the main line?
Vivek: Let’s go back. So now, we’ve written the solution memo, and we’ve convinced ourselves that there’s a [bear] there that we want to go chase down. How do we get conviction?
Tom: So look, there’s a lot of chatter about product-market fit around these parts and it’s important for the Stage 2 leg of the journey. And let’s not talk about it because there are differing definitions of product-market fit. We all kind of have a sense of what it’s about. What about the stage that precedes it, which is what we’re talking about here?
Tom: Well, I have a lot of passion for what we’ve taken to calling market-message fit. Before I have a product, I need to have a clear, coherent conception of what the thing is. I need to be able to say it to you. And this is what we do a lot of. I say it, you say it, I say it, you say it back to me. Is that the thing? Is that the thing? So we just need to persuade ourselves that you and I aren’t high when we’re talking about these things from scratch. Then we have to go and talk to the panels of people that we’re assembling. So there’s this constant reflective equilibrium we’re getting into with them. We’re like I say… and they say, “Nah, don’t really, I don’t get it.”
Vivek: Doesn’t resonate.
Tom: “That doesn’t resonate.”
Vivek: “Say it again.”
Tom: “That’s not my problem.” “No, that’s not my pain point, the way I say it is.” So it’s this very kind of iterative communications process. It’s about clear thinking and being able to articulate what it is. That’s what we mean by the message. And if there’s coherence and correspondence between the message and the market, then you’re underway. Because, as we also like to say, “Look, once you have that clarity and that precision, the product starts to fall all organically out of it.”
Vivek: Yeah. It just emerges.
Tom: Then you find the engineers that you want to work with to help code it. It’s all hard, but the hardest part is the front part.
Vivek: It is because, as you correctly observe, there is this back-and-forth that needs to happen between the people you’re talking to and you, the bearer of the message. And there’s an art to it because you can’t lead the witness too much. You have to balance the advocacy with the inquiry. You have to employ the Socratic approach a lot, but also find ways to, “Oh, that’s what you said. So is it this? Or is it that?” You have to get clarity. Your objective is to get clarity and answers to questions that you have, before you start a conversation.
Tom: And you’ve got to be obsessive. By the way, we’ve made mistakes. We see a lot of entrepreneurs making mistakes because you’re hearing what you want to hear.
Vivek: Want to hear.
Tom: We still fall into that ditch, but we have our cockpit checks. We try to, “Wait, did that customer say, ‘Blessed are the peacemakers?’ or did he say, ‘Blessed are the cheese makers?’” By the way, we should do a plug for Gong. We’ll do it officially in another one. I love Gong because I can go back and listen to what they said. It’s so powerful. So market-message fit is about getting to that level of clarity and precision in anticipation of the product and the buildout. But unless and until you have this precision at it’s early stage, you’re going to go down lots of rat holes with no cheese at the bottom. You’re going to thrash, and zig, and zag, and ugh. We’ve done that too. It sucks.
Vivek: It sucks. I think another output of the market-message fit, I think there are two interesting ones. One is it gives you this statements of pain. Yes, the solution memo has an initial idea of what the statements of pain are, but market-message fit and the process you go through to get clarity on the message-market fit, gets you to more precision on the statements of pain. Then, the second thing that emerges from that is what your product strategy is going to be.
Tom: That’s right.
Vivek: What your product strategy is going to be and who your users are. What are the user personas? Who are you solving what problems for? I think that emerges from the process.
Tom: Let’s do a quick example of that. You and I are both crazy about staging and sequencing in product definition. So again, this is before you’ve necessarily even slung a single line of code-
Vivek: Single line of code. Yeah.
Tom: You have to have a Stage 1, Stage 2, Stage 3 articulation of the arc of the company and the post conditions of Stage K are the preconditions of Stage K+1. We’re crazy about this. I’m going to do these things now. That’s going to set up the sockets for the launching into the next phase. It induces this kind of clarity for all of the engineers, and all of the product people, and the sales team because in enterprise software, especially, which is what we do a lot of, you’re selling what’s on the back of the truck and you’re selling the road map.
Vivek: The vision.
Tom: So I catch to fix ideas with an example. We’re very clear with all of our customers, three things-
Vivek: Three stages.
Tom: Comply, control, secure. That’s how we do it. It sounds so trivial, but it electrifies and organizes the company motion.
Vivek: It’s a great way to communicate or start the conversation about your pro… “What does your company do?” “Our company will help you do three things, comply, control and secure. Here’s what we [inaudible] comply, here’s what control is all about, and this is where we’re taking you into secure.”
Vivek: I think the other thing to observe over here is, because people might wonder, “Well, wow. Stage 1, Stage 2, Stage 3. You’re talking about a seven to 10 year buildout. You figure all of that out right in the beginning?” Yeah, kind of. We have very high certainty in what the Stage 1 is going to be. We have, just like any prediction or forecast, less certainty in what the Stage 2 is going to be, and less certainty in the Stage 3, but we have a point of view. Now, as you’ve observed earlier as well, we do change our minds and we do zig and zag, but there is a scaffolding and a framework that we’ve built within which that zigging and zagging occurs.
Tom: You’re revising, as you should, as you must, within a clear envelope of action and market possibility which you defined at design time. We didn’t do that at the first company. We sure did it in the second, and oh my God, that was instructive, “Wow. This really works.”
Vivek: “This really works.” Yeah.
Tom: If you take that approach. Okay. Before we get to the next part, which I think is about wrapping up, I want to ask you about this thing you said in a meeting the other day. You referred to a disposable product. I’m pretty sure I heard you say something along those lines, which is, “Hey, in this early, early stage…” And we’ve seen a lot of engineers get all nerved up about, “Wait a minute, am I building the most scalable, perfect thing? Is this going to take us to the moon?” We’ve struggled getting some of our compatriots to understand, “Guys, right now, especially at this super early stage, you can call it…” And I remember engineers would say, “Well, that’s just a prototype.” Okay.
Vivek: And that’s a good thing.
Tom: Embrace it.
Vivek: It’s a good thing.
Tom: That’s a good, good thing.
Vivek: I think at this stage, sometimes what happens is that when you are talking to people and you’re further down the road in your market-message fit conversations, you reach a stage where it’s very helpful to have a thing to show. “Well, do you mean this? Or do you mean that?” Now, you can use your words but, as we know, pictures speak louder than words. And working software, even if it’s a prototype, speaks louder than just pictures. So when I said disposable software, I meant one of two things. It could be a Figma prototype. Figma is a great tool. So you can design a Figma prototype that helps your potential customers understand what you’re talking about. Or, you can actually just sling some code to convey what you’re talking about. The idea over there, though, is that you have to be open eyed and embrace, and really plan for the fact that’s all going to be throw away work.
Tom: Yeah. Because so many engineers, and God bless them, they want to engineer the bridge such that it can support 24 semis on it at any given time. Hey, in the early stage, we’re trying to get from point A to point B. It might be a pontoon bridge. It might not be the most beautiful work we ever do. The point is to get from here to there. Prove that it’s possible. So we’re unabashed these days about, and getting engineers to understand this is the journey. This isn’t a bug. This is an intentional aspect-
Vivek: Yeah. The feature, not a bug.
Tom: …of what we’re doing. Look, we covered a lot of ground here, but hopefully this sheds light on how-
Vivek: Yeah. Data-driven companies, point number one. And there are plenty, plenty, plenty of opportunities to explore over there. Market-message fit. That’s thing number one. Solution memo, that’s another topic we dug deeper into, and then second mouse gets the cheese.
Tom: That’s right. And look, let’s also just say one of the things we’ve learned at this leg of our journey is that, in the places where we’ve stumbled, it’s probably because we weren’t as fierce as we needed to be about doing it this way.
Vivek: This way. Yeah.
Tom: And maybe for some of the people that we work with, it’s not a match because some people want to show up, and improvise, and chart their own course, and whack through the jungle in a different way, and that’s okay. But these kinds of aspects increasingly define the super{set} approach, and we’re learning that we really got to stick to it because it really works.
Vivek: We do, and I think that’s a good place to end.
Tom: Absolutely. So, that’s how we do it. Looking forward to seeing everybody in Episode 3 soon.
Vivek: Thanks for listening, guys.
Tom: Thanks all.
Transcript
In the first episode of The Closed Session, meet Tom Chavez and Vivek Vaidya, serial entrepreneurs and podcast hosts.
read moreIn the second episode of The Closed Session, Tom and Vivek discuss the framework for starting your own company from scratch, and the three dimensions that should be taken into account.
read moreYou’ve decided to launch a business, but before you hurtle blindly into the breach, you need a bulletproof plan and a perfect pitch deck to persuade your co-founders, investors, partners, and employees to follow you into the unknown.
read moreIn this episode of The Closed Session, Tom and Vivek talk about dilution, methods, mindset, benchmarks and best practices for raising investment capital for a new tech startup.
read moreNow that you've written the business plan and raised money, it's time to recruit your early team. In this episode, Tom and Vivek cover the do's and dont's of building a high-output team - who to hire, how to build chemistry and throughput, how to think about talent when your company is a toddler versus when it's an adolescent.
read moreWelcome to Season 2 of The Closed Session! In this first episode of 2020, Tom and Vivek talk about the five companies super{set} launched in 2019 and the lessons they’re learning as they go.
read more
Tom and Vivek talk about inclusion and reflect on their personal experiences as brown guys in tech. Inclusion feels like a moral imperative, but does it really make for stronger, better companies? Are there unintended consequences of acting on good intentions to 'fix' an inclusion problem at a company? Why is tech so lacking in diversity, and what can we do to get it right?
read moreThe drums are beating for Big Tech, and for good reason. In this episode, Tom and Vivek break it all down and explain why you need to watch your wallet, or at least raise your antenna, whenever Google or Facebook say they're making a new product decision "to protect user privacy." Exactly how do their product decisions erode competitive markets and our own data dignity? Recorded at the tail end of 2020 before all of the post-election events unfolded, this episode explains exactly how the major platforms abuse data, why you should care, and what we can do to fix it.
read moreWe are living in a time of extraordinary concern about the negative consequences of online platforms and social media. We worry about the damage interactive technologies cause to society; about the impact to our mental health; and about the way that these platforms and their practices play to our most destructive impulses. Too often, the experiences we have online serve only to polarize, divide, and amplify the worst of human nature.
read moreWith vaccines on the horizon, the idea of getting back to the workplace doesn't seem so far-fetched anymore. In this episode of The Closed Session, Tom and Vivek discuss what it's been like working from home, their likes, dislikes, and lessons learned. What pandemic habits are here to stay, and what pre-pandemic routines are likely to re-emerge? Between the 'back-to-workers' and the 'work-from-homers,' Tom and Vivek wonder whether a middle course is within reach.
read moreHarpal Sandhu, a Silicon Valley veteran and friend of super{set}, joins Vivek and Tom and explains what the excitement about SPAC's is all about. How did we get from IPO's to SPAC's? What's a PIPE? And why does the $10 price show up? In this episode you'll understand why entrepreneurs might prefer a SPAC and how they navigate its possibilities and pitfalls with investors.
read more
This post was written by Habu software engineer, Martín Vargas-Vega, as part of our new #PassTheMic series.
read moreThis post was written by Ketch Developer Advocate, Ryan Overton, as part of our #PassTheMic series.
read moreThis post was written by Ketch Sales Director, Sheridan Rice, as part of our #PassTheMic series.
read more
The super{set} studio model for early-stage venture It is still early days for the startup studio model. We know this because at super{set} we still get questions from experienced operators and investors. One investor that we’ve known for years recently asked us: “you have a fund — aren’t you just a venture capital firm with a different label?”
read moreWhere do the ideas come from? How do we build companies from scratch at super{set}?
read more
This post was written by MarkovML Co-Founder, Lindsey Meyl, as part of our #PassTheMic series.
read more
Coming up with new company ideas is easy: we take the day off, go to the park, and let the thoughts arrive like butterflies. Maybe we grab a coconut from that guy for a little buzz. While this describes a pleasant day in San Francisco, it couldn’t be further from the truth of what we do at super{set}. If only we could pull great ideas out of thin air. Unfortunately, it just doesn’t work that way.
read more
The wheel. Electricity. The automobile. These are technologies that had a disproportionate impact on the merits of their first practical use-case; but beyond that, because they enabled so much in terms of subsequent innovation, economic historians call them “general-purpose technologies” or GPTs...
read more
In our last post, we discussed how data is the new general-purpose technology and that is why at super{set} we form data-driven companies from scratch. But new technologies are a promise, not a sudden phase change.
read moreWhen a VC decides to invest in a company, they write up a document called the “Investment Memo” to convince their partners that the decision is sound. This document is a thorough analysis of the startup...
read moreWhat does it mean to be a super{set} co-founder and who do we look for? Why is the Head of Product the first co-founder we bring on board?
read more
Has someone looking to make a key hire ever told you that they are after “coachability”? Take a look at the Google ngram for “coachability” — off like a rocket ship since the Dot Com bubble, and it’s not even a real word! Coaching is everywhere in Silicon Valley...
read more
At super{set}, we stand side-by-side and pick up the shovel with our co-founders. Our first outside co-founder at a super{set} company is usually a Head of Product. Let’s unpack each portion of that title....
read more
Pankaj Rajan, co-founder at MarkovML, describes his Big Tech and startup experience and his journey to starting a company at super{set}.
read more
The decision to start a company – or to join an early stage one – is an act of the gut. On good days, I see it as a quasi-spiritual commitment. On bad days, I see it as sheer irrationality. Whichever it is, you’ll be happier if you acknowledge and calmly accept the lunacy of it all...
read moreTom and Vivek describe how building the best product is like planning the perfect heist: just like Danny Ocean, spend the time upfront to blueprint and stage, get into the casino with the insertion product, then drill into the safe and make your escape with the perfect product roadmap.
read more
Tom and Vivek discuss what the very first customers of a startup must look and act like, the staging and sequencing of setting up a sales operation with a feedback loop to product, and end with special guest Matt Kilmartin, CEO of Habu and former Chief Revenue Officer (CRO) of Krux, for his advice on effective entrepreneurial selling.
read more
Reflections after a summer as an engineering intern at super{set}
read more
Gal Vered of Checksum explains his rationale for leaving Google to co-found a super{set} company.
read more
The era of easy money - or at least, easy returns for VCs - is over. Tom Chavez is calling for VCs to show up in-person at August board meetings, get off the sidelines, and start adding real value and hands-on support for founders.
read more
Tom and Vivek describe what the ideal CEO looks like in the early stage, why great product people aren’t necessarily going to make great CEOs, and what the division of labor looks like between the CEO and the rest of the early team. They then bring on special guest Dane E. Holmes from super{set} company Eskalera to hear about his decision to join a super{set} company and his lessons for early-stage leadership.
read more
o11y - What is it? Why is it important? What are the tools you need? More importantly - how can you adopt an observability mindset? Habu Software Architect Siddharth Sharma reports from his session at super{summit} 2022.
read more
Othmane Rifki, Principal Applied Scientist at super{set} company Spectrum Labs, reports from the session he led at super{summit} 2022: "When Inference Meets Engineering." Using super{set} companies as examples, Othmane reveals the 3 ways that data science can benefit from engineering workflows to deliver business value.
read more
Head of Infrastructure at Ketch, and Kapstan Advisor, Anton Winter explains a few of the infrastructure and DevOps headaches he encounters every day.
read moreTom and Vivek jump on the pod for a special bonus episode to call BULLSHIT on VCs, CEOs, the “categorical shit,” and more. So strap yourselves in because the takes are HOT.
read more
The Move Accelerates the Rapidly Growing Startup Studio’s Mission to Lead the Next Generation of AI and Data-Driven Market Innovation and Success
read more
Announcing Jon Suarez-Davis (jsd) as super{set}’s Chief Commercial Officer: jsd tells us in his own words why he's joining super{set}
read moreTom and Vivek describe the lessons learned from fundraising at Rapt in 1999 - the height of the first internet bubble - through their experience at Krux - amid the most recent tech bubble. After sharing war stories, they describe how super{set} melds funding with hands-on entrepreneurship to set the soil conditions for long-term success.
read more
Tom and Vivek have come full circle: in this episode they’re talking about closed session board meetings in The {Closed} Session. They discuss their experience in board meetings - even some tense ones - as serial founders and how they approach board meetings today as both co-founders and seed investors of the companies coming out of the super{set} startup studio.
read more
Arthur Patterson, founder of venture capital firm Accel, sits down for a fireside chat with super{set} founding partner Tom Chavez as part of our biweekly super{set} Community Call. Arthur and Tom cover venture investing, company-building, and even some personal stories from their history together.
read moreArthur Patterson, the founder of venture capital firm Accel, sits down for a fireside chat with super{set} founding partner Tom Chavez as part of our biweekly super{set} Community Call.
read more
This month we pass the mic to Sagar Gaur, Software Engineer at super{set} MLOps company MarkovML, who shares with us his tips for working within a global startup with teams in San Francisco and Bengaluru, India
read more
Arthur Patterson, legendary VC and founder of Accel Partners, sits down with Tom Chavez to discuss insights into company building. Tom and Vivek review the tape on the latest episode of The {Closed} Session.
read more
Chris Fellowes, super{set} interned turned full time employee at super{set} portfolio company Kapstan, gives his 7 recommendations for how to turn an internship into a job at a startup.
read more
Kicking off the fourth season of the {Closed} Session podcast with a great topic and guest: Frida Polli, CEO and co-founder of pymetrics, which was recently acquired by Harver, joins us to talk about the critical role that technology and specifically AI and neuroscience can play in eliminating bias in hiring and beyond.
read more
Obsessive intensity. Pack animal nature. Homegrown hero vibes. Unyielding grit. A chip on the shoulder. That's who we look for to join exceptional teams.
read more
Go-to-market has entered a new operating environment. Enter: RevOps. We dig into the next solution space for super{set}, analyzing the paradigm shift in GTM and the data challenges a new class of company must solve.
read more.jpg)
We are delighted to share our new episode of the {Closed} Session podcast with guest Alyssa Hutnik. Alyssa looms large in the privacy world, and she’s been thinking deeply about the intersections of data, technology and the law for nearly two decades. She’s also the Chief Privacy and Data Security Architect at Ketch, a super{set} company, as well as a lawyer. Hope you enjoy the episode!
read more
Tom writes a nuanced take on the TikTok controversy and outlines ethical data principles that will restore people’s sense of trust and offer them true control over how and when they grant permission for use of their data.
read more
super{set} startup studio portfolio company’s seed funding round was led by Forerunner Ventures with participation from Ulu Ventures Raise will enable boombox.io to accelerate product development on the way to becoming the winning creator platform for musicians globally
read more
On the heels of boombox.io's $7M seed fundraise led by Forerunner, Tom Chavez and Vivek Vaidya sit down with boombox co-founders India Lossman and Max Mathieu for a special episode straight from super{summit} 2023 in New Orleans!
read more
super{set} founding general partner Tom Chavez wasn’t always set on a life of engineering and entrepreneurship – music was his first love. For a time, he was determined to make a career out of it. With boombox.io, Tom has combined the best of both worlds into a product that inspires and delights both the engineer and the musician.
read more
Vivek gives us the rundown on what the hive is buzzing about after super{summit} 2023: how to 'horizontally scale' yourself.
read more
Alex Kantrowitz, journalist and author of Big Technology, joins Tom and Vivek in the studio to discuss his road to journalism, ad tech, and the business and ethical considerations of generative AI.
read more
Discover how Habu, a trailblazer in data clean room technology, utilizes strategic partnerships with giants like Microsoft Azure, Google Cloud, and AWS to expand its market reach and foster the potential of an emerging category. Learn from CEO Matt Kilmartin's insights on how collaboration is the secret sauce that brings innovation to life.
read more
MIT Professor Rama Ramakrishnan joins Vivek on the pod to delve into the evolution of Generative AI and ChatGPT, as well as his own journey as an entrepreneur turned business school professor.
read more
Discover how lessons from law enforcement shape a thriving tech career. Ketch Sr. Business Development Representative Brenda Flores shares a bold career pivot in our latest "Pass the Mic" story.
read more
Does it matter where you go to college? Should the SAT be abolished? Do you have to have a degree in computer science to work in tech? What are the differences between higher education in the US and in India? Why did Tom and Vivek ban Harvard and Stanford degrees from working at their first company?
read more
What does ‘AI alignment mean? Can philosophy help make AI less biased? How does reinforcement learning influence AI's unpredictability? How does AI's ‘frame problem’ affect its ability to understand objects? What role does human feedback play in machine learning and AI fine-tuning?
read more
Creator of the XBox and serial entrepreneur Seamus Blackley joined Tom Chavez on stage at the 2023 super{summit} in New Orleans, Louisiana, for a free-ranging conversation covering the intersection of creativity and technology, recovering back from setbacks to reach new heights, and a pragmatic reflection on the role of fear and regret in entrepreneurship.
read more
Want to grow your product organically? This blog post breaks down understanding costs, setting up starter plans, and pricing premium features using MarkovML as an example. Learn how to engage new users and encourage upgrades, enhancing user experience and fueling growth through actionable insights.
read more
In an interview with Ketch co-founder Max Anderson, the focus is on data privacy laws and AI's role. Anderson discusses the global privacy landscape, highlighting Ketch's approach to helping businesses navigate regulations. The conversation also emphasizes data dignity and Ketch's unique role in the AI revolution.
read more
Is AI our salvation or is it going to kill us all? Tom and Vivek roam widely on others’ takes about artificial intelligence, adding their insight and experience to the mix. Along the way they consider Descartes, Ray Kurzweil, Salt Bae, Marc Andreessen among others. If you are looking for a down to earth conversation that tempers the extremes at either end of the debate, this is the one you’ve been waiting for.
read more
super{set} Technical Lead and resident front-end engineering expert Sagar Jhobalia recaps lessons from participating in multiple product and team build-outs in our startup studio. Based on a decade of experience, Sagar emphasizes the importance of assembling the right engineering team, setting expectations, and strategically planning MVPs for early wins in the fast-paced startup environment.
read more
Are you a launcher, or a finisher? The balance of conviction, a guiding vision, and the right team to execute it all make the difference between entrepreneurial success and failure. Tom Chavez delves into his journey as a first-time CEO and the invaluable guidance he received from a key mentor.
read more
Vivek Vaidya recaps his conversation with AI researcher and author of "The Alignment Problem" Brian Christian at the 2023 super{summit}.
read more
What's the price you put on personal growth? In his most recent note to founders, super{set} Founding General Partner Vivek Vaidya outlines 7 points of advice for startup interviews and negotiations. Vivek explains his compensation philosophy and the balance between cash and the investment in personal and career growth a startup can bring. Here’s the mindset you need to reach your zenith at a startup.
read more
Are we walking a tightrope with AI, jeopardizing humanity's ethical core? Is AI more than just algorithms, acting as a mirror to our moral values? And when machine learning grapples with ethical dilemmas, who ultimately bears the responsibility? Harvard's Gordon McKay Professor of Computer Science, James Mickens, joins Tom Chavez and Vivek Vaidya on "The {Closed} Session."
read more
In a conversation with boombox's co-founder India Lossman, the discussion pivots to the art of fostering customer collaboration in music creation. Lossman unveils how artist-driven feedback shapes boombox's innovative platform, with a glimpse into AI's empowering potential. Understand the synergy between technology and user insights as they redefine the independent music landscape.
read more
ActiveFence, the leading technology solution for Trust and Safety intelligence, management and content moderation, today announced its successful acquisition of Spectrum Labs, a pioneer in text-based Contextual AI Content Moderation.
read more
Do you get an uneasy feeling anytime you get added to a customer call? Do you ever struggle to respond to a frustrated customer? Peter Wang, Product lead at Ketch, discusses how customer feedback can help drive product development, and how engineers can use customer insights to create better products. Learn best practices for collecting and interpreting customer feedback.
read more
Tom Chavez, writing in TechCrunch, calls for new approaches to the problems of Ethical AI: "We have to build a more responsible future where companies are trusted stewards of people’s data and where AI-driven innovation is synonymous with good. In the past, legal teams carried the water on issues like privacy, but the brightest among them recognize they can’t solve problems of ethical data use in the age of AI by themselves."
read more
Justin Davis and Josh Newman, Co-founders of Spectrum Labs (acquired) launch Nurdle to get AI into production faster, cheaper & easier.
read more
The {Closed} Session Spotlight Series showcases a different co-founder from the super{set} portfolio every episode. Up first: Gal Vered is co-founder and Head of Product at Checksum (checksum.ai), end to end test automation leveraging AI to test every corner of your app.
read more
Ever find yourself scratching your head about product management decisions? Join India Lossman, co-founder of boombox.io, as she unpacks the product mindset for engineers. Unravel the art of synergy between PMs and engineers and delve into strategies to enhance collaboration and craft products that users will adore.
read more
Co-founder of Headlamp Health, Andrew Marshak, describes the frustratingly ambiguous state of mental health diagnoses - and the path forward for making mental health a precision science.
read more.jpg)
How is AI steering the future of marketing strategy? With the convergence of AI and marketing tactics, Rex Briggs paints a compelling picture of what's possible: AI agents that revolutionize user interactions, and generative techniques that craft persuasive content. Drawing from his deep expertise in marketing measurement, Rex joins Tom Chavez and Vivek Vaidya to explore the cutting-edge of AI-driven marketing strategies. Listen for insights on harnessing AI's potential in modern marketing.
read more
Writing in the Huffington Post: "My Mom Sent Me And My 4 Siblings To Harvard. Here's The 1 Thing I Tell People About Success."
read more
Running cloud platforms efficiently while keeping them secure can be challenging. In this blog post, learn how two of super{set}’s portfolio companies, MarkovML and Kapstan, are leveraging tools like KEDA for event-driven scale and Boundary for access management to remove friction for developers. Get insights into real-world use cases about optimizing resource usage and security without compromising productivity.
read more
Sandeep Bhandari, Former Chief Strategy Officer and Chief Risk Officer at buy now, pay later (BNPL) company Affirm, joins Vivek Vaidya, Founding General Partner of super{set}, in conversation.
read more
The {Closed} Session Spotlight Series showcases a different co-founder from the super{set} portfolio every episode. Up now: Andrew Marshak is Co-founder and Head of Product at Headlamp Health (Headlamp.com), a healthtech company bringing greater precision to mental health care.
read more
From unpacking Google search patterns to understanding the philosophical underpinnings of big data, Seth Stephens-Davidowitz offers a unique lens. As the NYT Best-selling author of “Everybody Lies” and a renowned data scientist, he delves into the ways data mirrors societal nuances and the vast implications for tech and its intertwining with everyday life.
read more
It's still early for the startup studio asset class - and we hear misconceptions about the studio model every day, ranging from the basic confusion of accelerators versus studios to downright incorrect assumptions on our deep commitment to the build-out of every company. Read Tom Chavez' latest in Forbes.
read more
Like Rocky Balboa and Apollo Creed, the fiercest competitors can sometimes become friends. Omar Tawakol is a prime example. As the founder and CEO of BlueKai, he went head-to-head with Tom, Vivek, and the 'Krux mafia' for dominance in the Data Management Platform arena. A serial entrepreneur with roots in New York and Egypt, Omar eventually steered BlueKai to a successful acquisition by Oracle before creating Voicea, which Cisco acquired. Today, he's pioneering a new venture called Rembrand (rembrand.com), which innovates in product placement through generative fusion AI.
read more
The {Closed} Session Spotlight Series showcases a different co-founder from the super{set} portfolio in every episode. Today's guest is Lindsey Meyl, Co-founder at RevAmp (rev-amp.ai), a "Datadog for RevOps" platform that offers observability across the revenue engine, monitoring performance, flagging when something is amiss, and determining the root cause of how to fix it.
read more
Read Vivek Vaidya's latest in CDO Magazine and learn why in this new AI landscape, those who harness the potential of proprietary data and foster a culture of collaboration will lead the way—those who don't risk obsolescence.
read more
Headlamp Health co-founder Andrew Marshak writes in the MedCity News that "We need to take inspiration from the progress in oncology over the last few decades and challenge ourselves to adapt its successful playbook to mental illness. It’s time for precision psychiatry."
read more
Everyone’s talking about AI - so The Ethical Tech Project decided to listen. Joining forces with programmatic privacy and data+AI governance platform Ketch, The Ethical Tech Project surveyed a representative sample of 2,500 U.S. consumers and asked them about AI, the companies leveraging AI, and their sentiment and expectations around AI and privacy. On the latest episode of The {Closed} Session, get an inside look at the survey results in a deep-dive conversation with the team at The Ethical Tech Project.
read more)%20(1).jpg)
Pankaj Rajan, co-founder of MarkovML, joins super{set} Chief Commercial Officer Jon Suarez-Davis (jsd) to discuss the role of data in gaining a competitive advantage in the AI revolution. Learn the difference between optimizing models and optimizing data in machine learning applications, and why effective collaboration will make or break the next-gen AI applications being created in businesses.
read moreo11y - What is it? Why is it important? What are the tools you need? More importantly - how can you adopt an observability mindset? Habu Software Architect Siddharth Sharma reports from his session at super{summit} 2022.
read more
Vivek Vaidya writes that America needs more H-1B workers. Common sense reforms to the program will even the playing field for startups, not Big Tech, to bring innovative talent to American's shores.
read moreHeadlamp Health co-founder Andrew Marshak writes in the MedCity News that "We need to take inspiration from the progress in oncology over the last few decades and challenge ourselves to adapt its successful playbook to mental illness. It’s time for precision psychiatry."
read moreReflections after a summer as an engineering intern at super{set}
read moreThe decision to start a company – or to join an early stage one – is an act of the gut. On good days, I see it as a quasi-spiritual commitment. On bad days, I see it as sheer irrationality. Whichever it is, you’ll be happier if you acknowledge and calmly accept the lunacy of it all...
read moreRunning cloud platforms efficiently while keeping them secure can be challenging. In this blog post, learn how two of super{set}’s portfolio companies, MarkovML and Kapstan, are leveraging tools like KEDA for event-driven scale and Boundary for access management to remove friction for developers. Get insights into real-world use cases about optimizing resource usage and security without compromising productivity.
read moreThis post was written by Ketch Sales Director, Sheridan Rice, as part of our #PassTheMic series.
read more
Announcing super{set} Fund II
read moreDo you get an uneasy feeling anytime you get added to a customer call? Do you ever struggle to respond to a frustrated customer? Peter Wang, Product lead at Ketch, discusses how customer feedback can help drive product development, and how engineers can use customer insights to create better products. Learn best practices for collecting and interpreting customer feedback.
read moreGal Vered of Checksum explains his rationale for leaving Google to co-found a super{set} company.
read moreThe wheel. Electricity. The automobile. These are technologies that had a disproportionate impact on the merits of their first practical use-case; but beyond that, because they enabled so much in terms of subsequent innovation, economic historians call them “general-purpose technologies” or GPTs...
read more
Why should a tech exec care about profit and loss? Aren’t our jobs to make the product great, and someone else can figure out how to make the numbers add up? That was my attitude for a long time until I finally appreciated the significance of gross margins for SaaS businesses during the early part of my tenure as the CTO of Krux.
read moreSandeep Bhandari, Former Chief Strategy Officer and Chief Risk Officer at buy now, pay later (BNPL) company Affirm, joins Vivek Vaidya, Founding General Partner of super{set}, in conversation.
read moreWant to grow your product organically? This blog post breaks down understanding costs, setting up starter plans, and pricing premium features using MarkovML as an example. Learn how to engage new users and encourage upgrades, enhancing user experience and fueling growth through actionable insights.
read more).jpg)
Harshil Vyas joined the super{set} Hive (i.e., portfolio companies community) in March 2023 as Co-Founder of Kapstan and employee number one in India. We jumped on a Zoom recently to talk about accelerated timelines, globally distributed workforces, and what is unique about the super{set} model.
read more
LiveRamp Enters Into Definitive Agreement to Acquire Habu, Reinforcing super{set}'s Unique Company Building Model of Founding, Funding, and Scaling Data+AI Businesses
read moreVivek Vaidya recaps his conversation with AI researcher and author of "The Alignment Problem" Brian Christian at the 2023 super{summit}.
read more
Off the heels of super{set}'s first exit - the acquisition of data collaboration company Habu by LiveRamp for $200 Million - Tom Chavez writes how the super{set} approach to collaboration in company building leads to successful outcomes.
read moreWe are living in a time of extraordinary concern about the negative consequences of online platforms and social media. We worry about the damage interactive technologies cause to society; about the impact to our mental health; and about the way that these platforms and their practices play to our most destructive impulses. Too often, the experiences we have online serve only to polarize, divide, and amplify the worst of human nature.
read moreThis post was written by Habu software engineer, Martín Vargas-Vega, as part of our new #PassTheMic series.
read moreArthur Patterson, founder of venture capital firm Accel, sits down for a fireside chat with super{set} founding partner Tom Chavez as part of our biweekly super{set} Community Call. Arthur and Tom cover venture investing, company-building, and even some personal stories from their history together.
read moreCreator of the XBox and serial entrepreneur Seamus Blackley joined Tom Chavez on stage at the 2023 super{summit} in New Orleans, Louisiana, for a free-ranging conversation covering the intersection of creativity and technology, recovering back from setbacks to reach new heights, and a pragmatic reflection on the role of fear and regret in entrepreneurship.
read moreRead Vivek Vaidya's latest in CDO Magazine and learn why in this new AI landscape, those who harness the potential of proprietary data and foster a culture of collaboration will lead the way—those who don't risk obsolescence.
read more
How are immigrants like entrepreneurs? Peter Wang of Ketch arrived in the U.S. at age 7 with two suitcases and a box. Read his story in the latest "Pass The Mic."
read moreWhat's the price you put on personal growth? In his most recent note to founders, super{set} Founding General Partner Vivek Vaidya outlines 7 points of advice for startup interviews and negotiations. Vivek explains his compensation philosophy and the balance between cash and the investment in personal and career growth a startup can bring. Here’s the mindset you need to reach your zenith at a startup.
read moreTom Chavez, writing in TechCrunch, calls for new approaches to the problems of Ethical AI: "We have to build a more responsible future where companies are trusted stewards of people’s data and where AI-driven innovation is synonymous with good. In the past, legal teams carried the water on issues like privacy, but the brightest among them recognize they can’t solve problems of ethical data use in the age of AI by themselves."
read moreThe Move Accelerates the Rapidly Growing Startup Studio’s Mission to Lead the Next Generation of AI and Data-Driven Market Innovation and Success
read moreTom writes a nuanced take on the TikTok controversy and outlines ethical data principles that will restore people’s sense of trust and offer them true control over how and when they grant permission for use of their data.
read moreThe super{set} studio model for early-stage venture It is still early days for the startup studio model. We know this because at super{set} we still get questions from experienced operators and investors. One investor that we’ve known for years recently asked us: “you have a fund — aren’t you just a venture capital firm with a different label?”
read moreJustin Davis and Josh Newman, Co-founders of Spectrum Labs (acquired) launch Nurdle to get AI into production faster, cheaper & easier.
read moreActiveFence, the leading technology solution for Trust and Safety intelligence, management and content moderation, today announced its successful acquisition of Spectrum Labs, a pioneer in text-based Contextual AI Content Moderation.
read moreObsessive intensity. Pack animal nature. Homegrown hero vibes. Unyielding grit. A chip on the shoulder. That's who we look for to join exceptional teams.
read more
Read coverage in the San Francisco Examiner and the San Francisco Chronicle of super{set}'s recent move to the flagship 140 New Montgomery building in downtown SF, next to SFMOMA.
read more
Startup studio super{set} has a fresh exit under its belt with the sale of marketing company Habu to LiveRamp for $200 million in January. Now, super{set} is adding another $90 million to its coffers as it doubles down on its strategy of building enterprise startups.
read moresuper{set} founding general partner Tom Chavez wasn’t always set on a life of engineering and entrepreneurship – music was his first love. For a time, he was determined to make a career out of it. With boombox.io, Tom has combined the best of both worlds into a product that inspires and delights both the engineer and the musician.
read moreHas someone looking to make a key hire ever told you that they are after “coachability”? Take a look at the Google ngram for “coachability” — off like a rocket ship since the Dot Com bubble, and it’s not even a real word! Coaching is everywhere in Silicon Valley...
read more
Tom Chavez joins the "Decoding AI for Marketing" podcast published by MMA Global and hosted by well-respected international marketing & AI experts Greg Stuart (CEO, Author, Investor, Speaker) and Rex Briggs (Founder/CEO, Inventor, Author, Speaker).
read moreWriting in the Huffington Post: "My Mom Sent Me And My 4 Siblings To Harvard. Here's The 1 Thing I Tell People About Success."
read moresuper{set} startup studio portfolio company’s seed funding round was led by Forerunner Ventures with participation from Ulu Ventures Raise will enable boombox.io to accelerate product development on the way to becoming the winning creator platform for musicians globally
read moreThis post was written by MarkovML Co-Founder, Lindsey Meyl, as part of our #PassTheMic series.
read moresuper{set} Technical Lead and resident front-end engineering expert Sagar Jhobalia recaps lessons from participating in multiple product and team build-outs in our startup studio. Based on a decade of experience, Sagar emphasizes the importance of assembling the right engineering team, setting expectations, and strategically planning MVPs for early wins in the fast-paced startup environment.
read moreWhen a VC decides to invest in a company, they write up a document called the “Investment Memo” to convince their partners that the decision is sound. This document is a thorough analysis of the startup...
read morePankaj Rajan, co-founder at MarkovML, describes his Big Tech and startup experience and his journey to starting a company at super{set}.
read moreAt super{set}, we stand side-by-side and pick up the shovel with our co-founders. Our first outside co-founder at a super{set} company is usually a Head of Product. Let’s unpack each portion of that title....
read moreEver find yourself scratching your head about product management decisions? Join India Lossman, co-founder of boombox.io, as she unpacks the product mindset for engineers. Unravel the art of synergy between PMs and engineers and delve into strategies to enhance collaboration and craft products that users will adore.
read more
Gal Vered is co-founder and Head of Product at Checksum (checksum.ai), an innovative company that provides end-to-end test automation that leverages AI to test every corner of an app. He sat down with Jon Suarez-Davis (jsd) to discuss the exciting problem that Checksum is solving with AI and what Gal likes best about working in super{set}'s startup studio model.
read moreDiscover how lessons from law enforcement shape a thriving tech career. Ketch Sr. Business Development Representative Brenda Flores shares a bold career pivot in our latest "Pass the Mic" story.
read moreIn our last post, we discussed how data is the new general-purpose technology and that is why at super{set} we form data-driven companies from scratch. But new technologies are a promise, not a sudden phase change.
read moreThis post was written by Ketch Developer Advocate, Ryan Overton, as part of our #PassTheMic series.
read more
Ted Flanagan, Chief Customer Officer at super{set}-founded Habu, sat down with Jon Suarez-Davis (jsd) to provide insights into how Habu's strategies in customer experience set it apart in the data collaboration market. Learn how customer experience strategies helped Habu land a $200 million after being acquired by LiveRamp in January 2024.
read moreOthmane Rifki, Principal Applied Scientist at super{set} company Spectrum Labs, reports from the session he led at super{summit} 2022: "When Inference Meets Engineering." Using super{set} companies as examples, Othmane reveals the 3 ways that data science can benefit from engineering workflows to deliver business value.
read moreCo-founder of Headlamp Health, Andrew Marshak, describes the frustratingly ambiguous state of mental health diagnoses - and the path forward for making mental health a precision science.
read moreComing up with new company ideas is easy: we take the day off, go to the park, and let the thoughts arrive like butterflies. Maybe we grab a coconut from that guy for a little buzz. While this describes a pleasant day in San Francisco, it couldn’t be further from the truth of what we do at super{set}. If only we could pull great ideas out of thin air. Unfortunately, it just doesn’t work that way.
read moreIt's still early for the startup studio asset class - and we hear misconceptions about the studio model every day, ranging from the basic confusion of accelerators versus studios to downright incorrect assumptions on our deep commitment to the build-out of every company. Read Tom Chavez' latest in Forbes.
read moreAnnouncing Jon Suarez-Davis (jsd) as super{set}’s Chief Commercial Officer: jsd tells us in his own words why he's joining super{set}
read morePankaj Rajan, co-founder of MarkovML, joins super{set} Chief Commercial Officer Jon Suarez-Davis (jsd) to discuss the role of data in gaining a competitive advantage in the AI revolution. Learn the difference between optimizing models and optimizing data in machine learning applications, and why effective collaboration will make or break the next-gen AI applications being created in businesses.
read moreVivek gives us the rundown on what the hive is buzzing about after super{summit} 2023: how to 'horizontally scale' yourself.
read moreThis month we pass the mic to Sagar Gaur, Software Engineer at super{set} MLOps company MarkovML, who shares with us his tips for working within a global startup with teams in San Francisco and Bengaluru, India
read more
Jeremy Klein is a general partner at super{set}. Jeremy helped build super{set} from day one alongside Tom Chavez and Vivek Vaidya, designing super{set}’s structure, recruiting co-founders, and laying the plans for a scalable buildout. super{set} recently announced the closing of its $90 million Fund II. He sat down with Jon Suarez-Davis (jsd) to provide insights into the strategic timing and vision behind launching Fund II, his professional journey from a legal expert to an integral part of super{set}'s fabric, and how his unique background and approach have been instrumental in building super{set} and recruiting top-tier co-founders.
read moreIn a conversation with boombox's co-founder India Lossman, the discussion pivots to the art of fostering customer collaboration in music creation. Lossman unveils how artist-driven feedback shapes boombox's innovative platform, with a glimpse into AI's empowering potential. Understand the synergy between technology and user insights as they redefine the independent music landscape.
read more
The prettifying and securing of downtown San Francisco, where super{set} is headquartered, should be the norm - not just for special state visits from the world's dictators. Here are 3 things the city of San Francisco should be doing all year round to make the city better to live, work, and invest in. Read Tom Chavez' latest in Forbes.
read moreHead of Infrastructure at Ketch, and Kapstan Advisor, Anton Winter explains a few of the infrastructure and DevOps headaches he encounters every day.
read more
Tom Chavez writes in The Information that "OpenAI’s board needs a data ethicist, a philosopher of mind, a neuroscientist, a computer scientist with interdisciplinary expertise and a political strategist."
read moreThe era of easy money - or at least, easy returns for VCs - is over. Tom Chavez is calling for VCs to show up in-person at August board meetings, get off the sidelines, and start adding real value and hands-on support for founders.
read moreChris Fellowes, super{set} interned turned full time employee at super{set} portfolio company Kapstan, gives his 7 recommendations for how to turn an internship into a job at a startup.
read moreDiscover how Habu, a trailblazer in data clean room technology, utilizes strategic partnerships with giants like Microsoft Azure, Google Cloud, and AWS to expand its market reach and foster the potential of an emerging category. Learn from CEO Matt Kilmartin's insights on how collaboration is the secret sauce that brings innovation to life.
read moreGo-to-market has entered a new operating environment. Enter: RevOps. We dig into the next solution space for super{set}, analyzing the paradigm shift in GTM and the data challenges a new class of company must solve.
read moreIn an interview with Ketch co-founder Max Anderson, the focus is on data privacy laws and AI's role. Anderson discusses the global privacy landscape, highlighting Ketch's approach to helping businesses navigate regulations. The conversation also emphasizes data dignity and Ketch's unique role in the AI revolution.
read moreAre you a launcher, or a finisher? The balance of conviction, a guiding vision, and the right team to execute it all make the difference between entrepreneurial success and failure. Tom Chavez delves into his journey as a first-time CEO and the invaluable guidance he received from a key mentor.
read more