We back Notable founders. Partner to @Anthropic, @Vercel, @fal, @JoinHandshake, @WisprFlow, @OneQuince, @HashiCorp, Rednote, @databricks/@neondatabase & more.
Joined April 2011
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- Following2K
- Followers28.6K
- Likes11.5K
Notable Capital retweeted
Lakebase will mark a phase shift in database technology! It'll enable LTAP, true multi-master, etc.
Congratulations to @robocurve for being named to @theinformation's 2026 list of the 50 Most Promising Startups!
Check out the full list here:
theinformation.com/articles/…
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Notable Capital retweeted
Great to have @mitchellh onstage at our 2026 @notablecap AGM to hear about what he’s building at @superlogical. Just this month, the team released Rex for public beta testing - a drop-in replacement for any terminal a developer may be using today.
Since backing Superlogical’s seed round, it’s been thrilling to watch Mitchell and team back building 0 to 1. Few people can balance the product taste and finesse that developers crave with the relentless pace of shipping that early-stage AI startups require, but Mitchell and team can. Excited for more developers to get their hands on Rex and for the product roadmap to continue to unfurl.
Notable Capital retweeted
Today we're open-sourcing GlobeBench, 1,632 tasks that test whether LLMs can simulate RL environments well enough to train agents on.
The top model, GPT-6 Astra, gets 49.6% right. No other model of the 20 we tested reaches 30%. 🧵
Congrats to @fal for announcing their combined $1.65B Series E & F. Proud to have backed @burkaygur, @gorkem, @isidentical & the entire fal team since the Series B as they push generative media to the limits of what's possible.
And check out @burkaygur & @gorkem on the latest episode of @sourceryy with @MollySOShea: youtu.be/pPzJ1wE8Lnw
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Notable Capital retweeted
When I stood onstage at @fal’s 2nd annual Generative Media Conference in September and looked out at the audience, I was struck by how far generative media has come in a year. Film studios, ad agencies, e-commerce brands and game developers now run image, video and audio models inside the pipelines that ship their final work. Generative media has gone mainstream, and much of it runs on fal.
Today, @burkaygur and @gorkem announced $1.65B combined Series E & F. Watching the company grow since leading the Series B has been a thrill and one of the wildest growth stories I’ve ever seen.
fal became one of the fastest-growing companies in AI by running other labs’ gen media models faster than anyone else could. In August, it launched fal Agent, a creative partner that works across the leading image, video and 3D models to carry a project from concept to final delivery.
Two weeks later, fal Research shipped H3 Max, a post-trained version of MiniMax H3 that generates a 5-second video in under 3 seconds and ranks first on quality, prompt understanding and aesthetics against twelve leading video models. A team known for speed now leads on quality as well.
Congratulations to everyone at fal. Proud that we at @notablecap continue to back this amazing team.
Notable Capital retweeted
The laziest take on AI companies has always been “the margins will never work.”
@AnthropicAI's gross margin went from –95% in 2024 to 85% in 1H26. That’s the most impressive margin expansion we’ve ever seen in a technology company, but consistent with the trend we've seen across private AI companies.
Last year, @glennsolomon and I wrote “The Margin Trap Myth,” arguing that low early margins in AI and serverless businesses are a stage great companies grow out of. Anthropic's S-1 is further proof
I did a 2-min walk through of what's driving Anthropic's margin expansion, with updated data from the S1:
We 💚 this inside baseball on how @hectorserrranoo @tankots and the team @WisprFlow built one of the best growth engines in SV.
Hector Serrano (@hectorserrranoo) runs what may be the most innovative paid growth program in Silicon Valley.
He joined @WisprFlow at 19, days after quitting D1 soccer. After making every ad himself for 1.5 years, he took the playbook the best e-com brands have used for years and made it work for B2B SaaS: creators make the ads, get paid a cut of the ad spend, and the best of them earn $100K+ a year.
Over the past year, Wispr Flow grew revenue 30x+ and recently raised at a $2B valuation.
Hector shares his full playbook.
We cover:
01:17 What Hector does at Wispr Flow
03:10 The number-one growth lever
04:25 When to start investing in paid ads
08:27 The paid-UGC strategy and how it developed
13:44 How creator compensation works: percent of ad spend vs. GMV
20:07 The profile of a great modern marketing hire
25:03 The importance of young talent
28:22 Hector’s journey from D1 soccer to Wispr Flow
31:03 Step-by-step: How to build a paid-UGC group from zero
43:03 Reaching out to creators
45:37 Building culture inside your creator group
48:31 The role of the media buyer alongside the creative lead
50:05 Team size and structure
53:44 Why UGC works even in technical and enterprise SaaS
56:15 Advice for people embarking on the creator path
59:50 Common mistakes to avoid
01:02:21 The sports approach to hiring
01:03:52 Why the best marketers are allergic to AI output
01:08:07 Founder-led content
01:16:01 Why YouTube packaging matters more than production quality
01:20:06 Lightning round and final thoughts
Also available on YouTube: youtube.com/watch?v=KzS5Qs7v…
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Proud to see @glennsolomon & @hanstung in the Top 40 of the Strebulaev-Jackson AI Venture Capitalists ranking! And Notable made the list of Top AI Venture Firms at #20. Excited to keep backing the entrepreneurs building the most transformational AI-native companies.
Full list & methodology from @ilyastrebulaev here: ilyastrebulaev.substack.com/…
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IRL is back, and the founders keep asking whether they should host their own events.
Fresh off @Browserbase Navigate, its 1st flagship conference, we sat down with @brickywhat for a BTS look at what it really takes to make a startup conference happen.
Congratulations to Act, @descopeinc, @DrataHQ & @torq_io for being named to the @FortuneMagazine #Cyber60, presented by @lightspeedvp & @awscloud Startups.
The Cyber 60 list recognizes the companies defining where cybersecurity goes next, check out the full list: fortune.com/ranking/cyber/20…
Notable Capital retweeted
Anthropic’s own use of Claude grew 250x from Jan-Sep ‘26. They noted in the S-1 that internal Claude usage surpassed payroll (ex. stock comp) in April.
Anthropic employs one of the costliest engineering teams on the planet, and those engineers now have Claude writing nearly all their code. Claude wrote over 90% of the contributions to @AnthropicAI’s codebase in September.
Revenue per employee follows this trendline: From $1.4M a year ago to an astounding $6.6M today.
Two key takeaways:
1: Assuming other engineering teams see the same productivity and product velocity gains as Anthropic, the market for intelligence is vastly larger than any projection I’ve seen so far.
2: Tokens are the new headcount.
"We don't have anything like that in the public software market today."
Notable's @jrichlive talked about Anthropic's growth rate and metrics today w/ @TheJudgeCNBC @CNBCClosingBell cnbc.com/video/2026/10/26/an…
Notable Capital retweeted
500T tokens. That’s how much traffic @sonicaghi says is moving through @Kong’s gateways today.
Run the math on 140x YoY growth and the volume roughly doubles every 7 weeks. At that rate, a quadrillion is a near-term milestone.
Cheaper tokens won’t cap that. They’ll spread it across more models. Enterprises asked Kong how to secure, govern, and cost-control API calls a decade ago. Now they’re asking about tokens.
His read: “In a non-deterministic software enterprise world, the need for deterministic AI gateways will just increase.”
Kong CEO @sonicaghi reveals token traffic through its gateways is growing 140x year over year, approaching 1 quadrillion tokens:
"The number of tokens is growing exponentially. For the subset that we see, we are running about 500 trillion tokens, going to a quadrillion soon, because it’s growing 140x year over year."
"The cost per token is going down, and inference will still be exploding. We’re gonna live in this enterprise world that is more multi-model, cheaper tokens, cheaper levels of intelligence."
"The next pieces are, how do we secure it? How do we govern it? How do we cost control it?"
@kong
Notable Capital retweeted
“Developers are the difference between a world full of slop and a world full of software worth using.”
I loved this line from @rauchg in his opening keynote at @vercel Ship last week. It gets to the heart of why I don’t buy the doom and gloom for SWE jobs. The data backs it up - since Claude Code was introduced in late Feb ‘25, the number of job postings for software developers in the US has risen almost 15%.
The agent writes the code, but the developer decides what's worth shipping.
Notable Capital retweeted
Jensen Huang (@JensenHuang), Nvidia (@nvidia), Jon Gray, Blackstone (@blackstone), and Dylan Field, Figma (@Figma) on stage at the TomorrowX Summit, November 17-18 at the Moody Center in Austin.
Joining them on stage:
David Solomon: Goldman Sachs (@GoldmanSachs)
Marc Rowan: Apollo (@apolloglobal)
Stan Druckenmiller, Duquesne Family Office
Lip-Bu Tan (@Lipbutan1): Intel (@intel)
Joe Lonsdale: 8VC (@8vc)
David Sacks: Craft Ventures (@craft_ventures)
Dina Powell McCormick (@DinaPowellMcC): Meta (@Meta)
Aravind Srinivas: Perplexity (@perplexity_ai)
Keller Cliffton (@Keller): Zipline (@Zipline)
Brian Armstrong: Coinbase (@coinbase)
Brad Gerstner (@altcap): Altimeter (@AltimeterCap)
Brannin McBee: CoreWeave (@CoreWeave)
Dom Rizzo: T. Rowe Price (@TRowePrice)
Jed Finn: Morgan Stanley (@MorganStanley)
Tony Xu: DoorDash (@DoorDash)
Scott Wu: Cognition AI (@cognition)
Iliana Bouzali: Morgan Stanley (@MorganStanley)
Dr. Scott DeBoer: Micron (@MicronTech)
Andrew Feldman: Cerebras (@cerebras)
Scott Goodwin: Diameter
Ali Ghodsi (@alighodsi): Databricks (@databricks)
Mo Zhou: FUNDA (@FundaAI)
Donald Wilson: DRW Holdings (@DRWTrading)
Chase Lochmiller: Crusoe (@CrusoeAI)
Arvind Jain: Glean (@glean)
Howard Lindzon (@howardlindzon): Stocktwits (@Stocktwits)
Jitendra Mohan: Astera Labs (@AsteraLabs)
Lin Qiao: Fireworks (@FireworksAI_HQ)
Zach Dell: Base Power (@basepowerco)
Drew Perkins: Eridu (@EriduAI)
Guillermo Rauch: Vercel (@vercel)
Michael Eisenberg: Aleph (@aleph)
Rene Haas: Arm (@Arm)
Glenn Solomon: Notable Capital (@notablecap)
David George: a16z (@a16z)
Matt Witheiler: Wellington (@Wellington_Mgmt)
Hosted by @GavinSBaker @rbiscardi @AntonioGracias
Register at the link in the replies.
“It took us about 10 years to get to a billion deployments. Then in the next 10 months we’ve added another 1.5 billion deployments.” Let’s go @rauchg @vercel !!!
BREAKING: 60% of Vercel deployments are now driven by AI agents, up from 3% in Jan 2026.
FULL INTERVIEW
Guillermo Rauch (@rauchg), Founder & CEO @Vercel
Stats:
› 80% of AI Gateway token volume comes from open models
› 10 years to reach 1B deployments, then another 1.5B in just 10 months
"The machines have taken over."
I sat down with G at Vercel's SF HQ to discuss how AI is changing software development, infrastructure & the economics of SaaS.
Vercel has reportedly reached $600M in annualized revenue, up 148% YoY, with 485K+ paying teams and a $9.3B valuation. Customers include SpaceX, OpenAI, Meta, Stripe, Brex, Shopify, DoorDash, & Polymarket.
P.S. Guillermo mentions "code" 145 times throughout our conversation. His thesis is that AI agents are making code effectively free, fundamentally changing what companies build versus buy.
"You buy Vercel as the platform, & then you never have to buy software again because you can just generate it to your needs."
We cover:
› The shift from human-facing websites to agent-native interfaces, MCP & agentic commerce with Stripe, Shopify & DoorDash
› Why free code changes SaaS economics for Salesforce & SAP, software development & the role of engineers at Meta, SpaceX & Mercedes F1
› Open vs. closed models, including why ~80% of token volume on Vercel’s AI Gateway now goes to open models like Moonshot’s Kimi & DeepSeek
› Unpacking frontier: OpenAI, Anthropic, Gemini & xAI
› Agent autonomy, prompt injection, sandboxing & enterprise security after OpenAI’s Hugging Face breach
› Model routing, growing compute demand & the future of serverless infrastructure
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Guillermo Rauch, Founder & CEO at Vercel
(03:32) The simplest advice for going viral
(07:24) How Vercel became the index of AI
(11:34) The CEO who still ships code on weekends
(14:34) Robots writing code for robots
(17:57) The web's next users aren't human
(21:15) Is ChatGPT reading your website right now?
(24:21) Minority Report is becoming real software
(29:16) The end of SaaS & the rise of personal software
(34:07) AI agents are soldiers with no frontal lobe
(45:42) AI hackers & the coming cyber war
(47:55) The $1M challenge to hack Vercel's sandbox
(52:10) 80% of tokens now go to open models
(59:00) The biggest risk for frontier labs
(1:04:00) Can AI labs survive the public markets?
(1:06:28) Why AI has Silicon Valley working 7-7-7
(1:07:23) "The thing you fell in love with is gone"
(1:16:56) Your vibe-coded demo won't get you hired
(1:22:22) The hardest part of running a company is keeping it simple
(1:27:01) Why no company can run all its AI apps 24/7