That’s a gold-plated cap table.ĪPI-First.
#TRANSMIT SECURITY VS OKTA PLUS#
At the time of our investment, Stytch was backed by Thrive, Benchmark, and Index, plus Elad Gil, Lenny Rachitsky, and the founders of Plaid, Very Good Security, and Figma.
#TRANSMIT SECURITY VS OKTA SOFTWARE#
A software business is only as good as the people it hires, and in its first six months, it brought in engineers and designers from Plaid, Coinbase, Workday, Udemy, Intuit, Zillow, Quizlet, Carta, and Stitch Fix.
Julianna went to Very Good Security as a PM after Plaid and worked on authentication there as well. Reed McGinley-Stempel and Julianna Lamb are the perfect people to build this, having worked together on bank account authentication at Plaid. We invested in the Series A at a $230 million valuation, which honestly seemed high given that the company was six months old, but Stytch had all of the early markers:Ĭo-founders. Sometimes, when I syndicate a deal to the Not Boring Syndicate on AngelList, it takes a week or so to fill the allocation. If you want to join me on the platform, use my Not Boring link to get priority access * They’ve got roughly $300M AUM, 260k+ members (many are Not Boring readers), and recently hit unicorn status. The global value of art expected to grow by $1 trillion in under five yearsĪnd Masterworks is how regular people like us can access it. Near 0 correlation to public equities according to Citi. With some blue-chip works selling for 15 times their asking price at auction, it’s no wonder the WSJ said “art is among the hottest markets on Earth.” Beyond the short-term hype, the asset class has performed well:Ĭontemporary art prices appreciate 14% annually on average (1995-2020) This Picasso was my 10th investment with Masterworks and won’t be my last.Īrt as an investment is picking up steam like never before. I just went to Masterworks.io, and added shares to my portfolio, plain and simple. I literally bought shares in a Picasso masterpiece last night. In fact, this isn’t even my first time doing it. The DAO lets everyday people contribute to the purchase of a previously untouchable asset worth tens of millions.
If you told me five years I’d be channeling my inner Nic Cage and try to acquire the Constitution with thousands of other people, I would have called you a liar.ĬonsitutionDAO is electric. Today’s Not Boring is brought to you by… Masterworks
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