I’ve believed that rightsized vehicles were inevitable in America for over 15 years. People thought (and still think) I’m crazy. Seeing the U.S. Department of Transportation share this article that includes @drivewithchip is so validating and puts a smile on my face.

🔋🚘 Just reserved my next car! I’ve been an advisor and investor to @drivewithchip for a couple years and happy to say that I’m now a customer. Most excited to drive this thing to the beach and then have it go park itself :) You can reserve yours here 👉 chipmotors.com/reserve

Today we’re announcing SPC Fund IV: $575M to help founders find their life’s work. A decade of guiding founders through -1 to 0 brings @SPC to $2B in AUM and, more importantly, a 1200 member community of the world’s most talented technologists. We strongly believe that: → The person comes before the idea. At -1, generational founders are often busy reading, prototyping, discarding, and earning the right to their own conviction. → Ambition is social. The people you surround yourself with in the early days play a big part in inflecting your ambition. → Patience compounds. It is better to work on something you have deep conviction in rather than simply sprint at the first idea. The quiet months we protect at the beginning have produced three funds in the top 10% of their vintages, and companies like @baseten, @GammaApp, @render, @GoodfireAI, @LumaLabsAI, and @profound. We are proud to have worked with all these founders in their -1 phase and beyond. While we defined -1 to 0, we're no longer bound by it. Fund IV allows us to partner with companies well beyond launch. We're doing this now because we've never seen a wider gap between what's possible and what's being attempted. Intelligence is abundant. The cost of trying ideas keeps falling, and problems that seemed insurmountable a few years ago are quickly becoming solvable. To our members, to the founders who trusted us before anyone else did, and to the LPs who had conviction in our own -1 journey: thank you. This milestone belongs to you as much as to us. To the builders looking to find your life’s work: let’s get started.

Had a great time celebrating the launch of @drivewithchip yesterday! ⚡🚗 Chip is a new all-electric "life utility vehicle" built for neighborhoods, campuses, resorts, and anywhere you don't necessarily need a full-sized car, including places you do. A few things that stood out: 🔋 Up to 100 miles of range, with a top speed of 25 mph 💰 Starts at just $15k ($18k for the 6-seater) 🔌 Native NACS charging to get you juiced up in a few hours + can even charge from a standard 110V outlet 📷 Multiple cameras and radar to monitor traffic conditions 🧼 Washable interior that you can literally hose out 🎨 Tons of customization options for colors, seats, roof, doors, and more 📺 An optional front hood with a built-in TV and speakers (definitely one of the more unique features 😄) One of the more interesting parts is Chip Go, a remote-driving service where a real human can remotely drive the vehicle for things like parking, pickups, or errands today, with the long-term goal of Level 4 autonomy in the future. Pre-orders are now open with a $250 refundable deposit, and deliveries are expected to begin in 2027. Big congrats to @jamesoniam, @ilanpenn, and the entire Chip team on the launch! 🎉👏

This was fun! congrats @drivewithchip @ilanpenn @jamesoniam

The thing that is amazing about innovation...is that you can just do things. Proud to be Day -1 supporters.

The next great American car is a robot. Talks. Parks itself. More customized than your coffee. Meet Chip (@drivewithchip). You can reserve today. Starting at $15,000.