Excited to share we’ve raised $300M+ of venture and real estate capital to build
@upandupco
, the no-brainer way to build wealth *while* you rent.
Very grateful to be backed again by
@khoslaventures
and
@foundersfund
.
🧵 on what we're building 👇
And we're just getting started...
Slide into the DMs if you're a nutcase engineer or PM that wants to build critical infrastructure for aerospace and defense
Announcing our monster $117M Series B!
We raised a Series B in December to massively scale operational capacity, double our software team and launch Factory III in 2025.
Stay tuned for a huge
@johncoogan
deep dive later today.
Woke up this morning in extreme gratitude
- Killer wife
- Baby on the way
- Close community of family + friends
- Meaningful work
- Inspiring teammates
Now just need to get back in shape
Yeah the raise is nice (ty for believing in us) but I'm most proud of
1. Supporting our customers in their missions
2. Our ridiculously talented and multidisciplinary team
3. The velocity of progress both in automation and operations
Back to work
HADRIAN DEEP DIVE DOCUMENTARY
It covers:
- Competition with China
- The massive $117 million Series B
- Why America must win space race 2.0
- How to combine manufacturing & software talent
- Why an Australian is fixing American manufacturing
Hiring product engineers, a designer, and a PM to support a couple big releases this year. You'll be iterating daily with
@2112Power
and me.
People that thrive at Hadrian are high velocity, ambitious, have a ridiculous quality bar, and want their work to matter.
Can you grow a atoms business as fast as or faster than top 3% of SaaS companies?
Yet to be seen if we can keep it going but current answer is a resounding yes. Big news coming later in the year :)
We've got some awesome hackers joining the
@upandupco
house for
#MiamiHackWeek
but I'd love to see some more local talent 🌴.
Where my Miami hackers at?
Delian can be a clown on here but there are few people more helpful in in the boardroom and whose patient career building I respect more.
From shutting down Nightingale => KV => FF => Varda 🚀
Ad astra, my friend.
Pumped to help
@2112Power
and the rest of the Hadrian team build automated factories that get critical parts to Space and Defense manufacturers 10x faster + 2x cheaper.
More on this new chapter soon.
In the meantime, hmu if you're an engineer or designer that wants to build
Housing in America is broken.
Most Americans spend 15+ years renting before they can buy. Much of their net worth gets tied up in a security deposit and the majority of their disposable income is wasted on rent.
Thousands of dollars each month never to be seen again. /3
Another Hadrian legend 👇
JJ’s slope is ridiculous. Smart, humble, hard working, hungry. Pumped to collab with him on products in pre and post-processing.
Guess it’s a good time to share I’ve moved into a new role at Hadrian. Will be factory lead for pre and post processing. Been a whirlwind journey since I joined 2 years ago. 3x+ people, 10x+ capacity, many hats. Here’s to getting even more crushed scaling lol
By the time the average renter is able to buy a home, they’ll have paid their landlord over $200k with no return.
They miss out on over a decade of compounding wealth generation. /5
Love the Intention chrome extension. It's basically Screen Time for the browser so you can be more intentional about the sites you use.
👋 see ya Twitter
cc
@dk_the_human
A renter who contributes $5k up front and $100 each month can accumulate almost $30k in their Up&Up Wallet in 5 years.
What’s the catch? Nothing — that’s the same compounding wealth generation that a landlord makes. /8
A conv that keeps coming up: *a lot* of builders want to work at a mission-driven co that's supporting the national interest but aren't sure if their skills are applicable.
If you're an eng or designer that wants to work at one of these companies, reply or dm and I'll help 🇺🇸
We've designed our product with 3 principles:
1. Renters never pay above market rent for access.
2. No asymmetry between the returns our renters and real estate investors get.
3. Renters get the flexibility to use their Wallet balance however they'd like. /9
Instead of a security deposit, renters can contribute up front and over time to their Up&Up Wallet.
Their Wallet grows as their home appreciates and generates income.
At the end of their lease, they can cash out or buy their home. /7
News: Max Altman has launched a VC firm, Saga Ventures, with ex-Flexport exec Ben Braverman and 2x founder Thomson Nguyen.
Altman, the third bro with Sam and Jack, tells
@Forbes
he wants to back startups building for "every American," not other techies.
@upandupco
is committed to changing this.
We’ve created a new way to rent that gives renters the ability to build wealth *while* they rent. It’s as easy as renting and as empowering as homeownership. /6
An unexpected benefit of having a baby is bringing your community together
Family, friends, co-workers, neighbors, even strangers all coming together to support — very grateful
Special shout out to
@evancharles
for being our earliest and biggest supporter and to
@zebulgar
for introducing me to
@michael5wong
.
We wouldn't be here without both of your support.
11/10 recommend partnering with these two if you have a chance.
Excited to share we’ve raised $300M+ of venture and real estate capital to build
@upandupco
, the no-brainer way to build wealth *while* you rent.
Very grateful to be backed again by
@khoslaventures
and
@foundersfund
.
🧵 on what we're building 👇
With BTC at an all time high, I figured I'd look back at my transaction history on Coinbase.
One of my fav memories was when the Coinbase team sent me 2 BTC (currently $53k) for best crypto project at a hackathon.
The only transactions I regret are the sales
#hodl
.
We’re hiring a Technical Advisor to support our CTO (
@hursh
) & Head of Engineering (
@dolapo
) on special projects related to engineering
@browsercompany
.
Requires “nothing is beneath you if it helps the team” attitude, technical exp., and founder mentality.
DM
@hursh
to apply!
We've got some awesome hackers joining the
@upandupco
house for
#MiamiHackWeek
but I'd love to see some more local talent 🌴.
Where my Miami hackers at?
Started using
@getTeamflow
a couple days ago - feels magical.
Excited to see if we can add some je ne sai qua to remote work until we're back in the office.
1/ I'm insanely excited to announce what I've been working on for the last year:
Teamflow, a virtual office that makes you feel like a team again. Coming out of stealth and announcing our $3.9M seed round today 🎉🎉🎉
"Got the keys!!! Thank you
@homevestco
for forever changing mine and my son's financial futures and putting us on a path toward home ownership ❤"
This is why we do it ✌️
@ankurnagpal
@Equinox
Ghost in Williamsburg. No idea how they stay in business. Nicer than Equinox (less equipment though), similar price point, always empty
@andrewchen
same - fortunately you can contact support and they’ll send you a replacement for the ear that’s cracking with a return box for the defective one
Miami Tech Week ads are live in NYC!!!
Tired of the freezing cold winter in NYC?
Time to book your flights for Apr 20 - 23rd in Miami
Nice work
@ShrugCap
Ali is smart, helpful, and humble beyond measure
He hopped on calls, gave feedback, made intros when we were starting
@upandupco
just bc we followed each other on twitter
Since then he's become a close friend and is one of the first people I'd want on my cap table
When I first hosted
@AliBHamed
he had a small firm that he’d started in his dorm, and he was making it work
Today, his business is 10x larger at 2.5B across credit, equity and “hybrid”
We talk about investing and building an investment firm. And what he sees today.
Enjoy!
Industrial power is the base of any great civilization and Hadrian is building the future of manufacturing in America.
Episode 32 of S³ features Hadrian and
@2112Power
Can I put this in a job description without being destroyed? "You prefer a job where nobody cares if you need to leave for a dentist appointment in the middle of the day, but you also don’t blink when replying to an email at 9pm while watching Netflix on your couch."
100%.
Shutting down the last company was one of the hardest things I've ever had to do — felt like a failure. Mark and I did everything possible to make it work.
By no means expect investors to do this👇🏾 but, to the ones that do, you're a real one.
You know what, in startups:
Times can be fucking hard.
But it is amazing how: “we support you, we back you.”
Goes such a long way. It’s about the people. Period.
If you really back them, the rest, it’s poetry.
🤷♂️
a16z defines national interest as "incl but not limited to aerospace, defense, public safety, education, housing, supply chain, industrials and manufacturing"
Define it however you want — just lmk what problems / companies you're inspired by. Does not have to include Hadrian.
"I can now write my mom a check and put my sister through lymes treatment. This has been a very rough year, but I’m so thankful for every single one of you."
Don't want to encourage gambling but the power of the internet communities is special.
One of my favorite people in the business
Ali had been incredibly helpful for us both in raising venture and our off-balance sheet real estate vehicle for
@upandupco
Highly recommend talking to
@crossbeamvc
if you’re building a capital intense, equity efficient business
Favorite part of programming is when you’re working on a hard problem and can’t figure out an elegant solution...
And then a couple hours later, when you’re doing something completely unrelated, you get that aha moment.
The 🧠 is pretty cool.