Welcome, Jacob Andreou! Greylock’s Newest General Partner
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Welcome, Jacob Andreou! Greylock’s Newest General Partner
We are thrilled to announce that Jacob Andreou is joining Greylock as a general partner to focus on consumer investing. Jacob has rapidly emerged as one of the leading product executives and builders in consumer technology. He joins Greylock after an impressive run at Snap Inc., where he helped scale the company from its early days to 360M+ DAUs and $4.5B in revenue. At Greylock, Jacob will partner with early-stage founders who are building the next generation of consumer platforms and social experiences.
Jacob spoke with Greylock’s head of editorial Heather Mack on #Greymatter about the various roles he played at Snap, how it has shaped his approach to company-building, and his vision for the next wave of consumer products. You can listen to the conversation at the link below or wherever you get your podcasts.
Read more at Fortune, TechCrunch, and on the Greylock Blog.
Saam Motamedi and Reid Hoffman on AI’s Transformative Power
AI has advanced rapidly over the past decade — and exponentially so in the most recent couple of years. The rise of large language models and the many tools they can train has led to AI evolving into an enabling, platform technology.
Just as previous technology transitions of mobile and cloud impacted the nature of businesses, AI is beginning to shift nearly every category we invest in at Greylock, from cybersecurity and vertical saas to cloud infrastructure and consumer networks.
While it’s true that most companies and investors are exercising restraint in today’s economic environment, a fair number of early-stage startups are still attracting capital and partnerships. In many cases, these are companies that are developing tools using artificial intelligence — and for applications across a range of consumer and enterprise sectors.
Greylock partners Saam Motamedi and Reid Hoffman discussed this in depth at Morgan Stanley’s TMT Conference, where more than 3,000 investors and tech companies were in attendance (unsurprisingly, this year’s theme was AI). During our conversation with Morgan Stanley’s Global Head of Tech Private Equity and Venture Capital Investment Banking Umi Mehta, they discussed the impact AI is having on venture investing across enterprise and consumer sectors; the various ways AI is expected to impact nearly every profession by providing a “copilot” for various job functions; and the importance of developing the technology safely.
You can listen to the interview at the link below or wherever you get your podcasts. (Blog)
Orb, which helps B2B companies price their products, raises $19.1M
Alvaro Morales and Kshitij Grover co-founded Orb, a pricing platform that helps companies automate a range of different billing types — usage-based, subscriptions or a mix of both. Orb today revealed that it’s raised $19.1 million across Series A and seed (led by Greylock), which Morales says is being put toward customer acquisition, go-to-market and R&D efforts. (TechCrunch)
Navy Federal Credit Union Selects Blend to Power Deposit Accounts
Navy Federal Credit Union, the largest credit union in the country, has partnered with Blend to expand the use of the platform to cover membership and deposit account products, in addition to their existing mortgage and equity products. (Blend Blog)
Check out our jobs page for all the available roles.
Our talent team is always looking to connect with engineers, product managers, and designers who are thinking about exploring early stage start-up as a next move in their career.
CXOs: Meet the most promising new startups. Reach out at cxo@greylock.com to schedule an executive briefing.
Are you a CXO looking to connect with startups that can help you address your company’s biggest tech needs? Greylock hosts CXOs for highly curated briefings and make targeted introductions based on your company’s priorities — with the goal of arming you with vital insights to help your organization address its current and future challenges. Greylock portfolio companies benefit from your product feedback, advice on product-market fit, and opportunities to co-develop in support of your organization’s technology needs.
