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Jared Hecht Profile picture
Jared Hecht
@jaredhecht
venture partner @usv | previously founder @groupme and @fundera
Jan 15 • 13 tweets • 5 min read
Two profound things are happening right now for entrepreneurs. First, AI is creating an entirely new set of capabilities for people to build new experiences and solve new problems. In the same way mobile and the cloud unlocked a new canvas for application developers, AI opens what is likely an even more vast universe of possibilities. Second, AI is changing how entrepreneurs build products and businesses. Both of these things combine to make this the most exciting moment in time to build things I've witnessed in my career. Regarding the latter, I have been thinking a lot about what it means for a startup to be, for lack of better words, “AI-native.” AI-native startups are those that are born in the times when one can do more with meaningfully less people and resources, and embrace the cornucopia of AI tools that empower them to do this. From agents to co-pilots and automated workflows, the way we can build things today is vastly different than just several years ago.
Apr 29, 2020 • 25 tweets • 7 min read
Several observations on the eve of Day 3 Round 2 of #PPP. The big theme here is that new guidelines from the SBA screwed over smaller regional and community banks, and net-net it’s going to hurt SMBs by extension. 1/n 2/ First and foremost, I deeply admire everyone who is burning the midnight oil to help save SMBs. Across the board, people at the @SBAgov and banks haven't slept in weeks on end. It's an exhausting and herculean effort, and frankly there's really no end in sight right now.
Apr 7, 2020 • 31 tweets • 8 min read
The Payroll Protection Program is absolute chaos. But today it is our best shot at getting SMBs the capital they need to survive. SMB, and by extension the country, NEEDS it to work. Here are some bits of news and things I learned today about PPP... (1/n) 2) First and foremost, @marcorubio has been absolutely nailing this. This is the first time in forever where I’m like “Yes, Marco! You got this! Amen!” Read this thread from two days ago for some insight into what went wrong with the PPP launch on April 3