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Tim Suzman
1,871 posts
Tim Suzman
@TimSuzman
Managing Partner of Pioneer Fund.
We are 500+ Y Combinator alumni investing in the top YC startups.
YC S11.
- Anthropic just grew from $1B to $7B in annualized revenue in 9 months. Unprecedented for a startup to grow that fast at that scale. We made an exception when Pioneer Fund invested in Anthropic back in 2023. We saw they could become a Trillion dollar company and that many of
- The SAFE rewired the whole startup industry. The transaction cost to invest in a startup is $0 because of the SAFE. A $0 transaction cost doesn't just mean saving money -- it means startups can raise money on a handshake, they can raise with no delay, they can run a swift and
- The W22 batch of YC is amazing. Another level.
- We've invested in 750 YC startups on a SAFE and we've never seen this.
- Here's how it works at @pioneer_fund: - One call with the founders. - We come prepared, having reviewed any materials. No pitch needed. No deck needed. - Clear decision within 48 hours. - No games. - No waiting for other VCs. 100% our decision. - Sign and wire same/nextWhy is this so hard for 90% of VCs? How can this be a competitive moat for Sequoia? They been doing this same thing for decades!
- Pleased to announce @pioneer_fund has invested in @better_auth (YC X25). Better Auth is the fastest-growing open-source authentication framework. They have 14k Github stars in 5 months and 100k weekly downloads. Auth is very important and under-appreciated.
- Replying to @paulgOverreacting should be the goal. Same reason we "overreact" to a fire. You don't want to carefully balance the amount of reaction to something exponential and novel and dangerous.
- In my YC batch 14 years ago, valuations were in the $8-10m range. At the time, many VCs were saying those valuations were so high that they could no longer invest in YC startups. That was an enormous mistake. Even investing in ALL the YC companies back then would have given
- Pioneer portfolio company Exa raises $85M at $700M valuation from Benchmark.
- Congratulations to Flai on the seed round led by First Round Capital! The visited over 400 car dealerships in person to get Flai off the ground.
- YC founders move back to SF with such urgency once they get their visas. @garrytan should get a lot of credit for reigniting SF.
- Magic Patterns raised their Series A led by Standard Capital. Magic Patterns has over $1M in ARR and is profitable. But even more importantly, customers love them. They have so many unsolicited recommendations in the YC network. Magic Patterns is lovable for design and UI.
- Just invested in the highest-agency YC founder I've met.
