@jpgg

Founding Partner at @DeviationCap, ex-Partner @NEA, Product at @Airbnb, @Dropbox, @Hubspot

San Francisco, CA
Joined July 2007
On zoom calls I have to always say why I’m looking down, it’s to take notes by hand. Best method. We should honestly be taking technology out of schools.
Writing by hand activates brain connectivity patterns that typing on a keyboard does not. A 2023 study in Frontiers in Psychology put electrodes on the heads of university students and found that handwriting triggered widespread neural connectivity across the brain, while typing produced almost none. The study was led by Audrey van der Meer at the Norwegian University of Science and Technology. She measured high-density brain waves in 36 students while they wrote words by hand with a digital pen and while they typed the same words on a keyboard. During handwriting, the brain showed increased connectivity between regions involved in movement, vision, and memory. During typing, the connectivity was significantly weaker. The difference comes from the motor demands of each task. Forming a letter by hand requires the brain to plan a unique shape, guide the hand through it, and receive visual feedback as the letter appears. Each letter is slightly different every time, and the brain has to adapt. Pressing a key on a keyboard is a uniform action that requires no shaping, no feedback loop, and no variation. The brain can do it on autopilot, and it does. The connectivity patterns observed during handwriting resembled the patterns seen during learning and memory formation, which is why students who take notes by hand remember more than students who type, even when the typists record more words. The hand is forcing the brain to process the information, while the keyboard lets it pass through unprocessed. Every school that replaced handwriting lessons with keyboard skills did it in the name of progress. The brain data says the thing we gave up was the thing that wired us to learn. The pencil was never just a pencil. It was a brain tool. pubmed.ncbi.nlm.nih.gov/3834…
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I think the best way to describe @ycombinator demo day last week is that it's a "festival" now: vip area, food area, showcase area, multiple lines to get in. Kudos to them for creating such an event, very different from the Boston demo days of yore!
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Jonathan Golden retweeted
Rack 'em up! The first of many. Bravo guys. @Etched @deviationcap
We've raised $700M at a $21B valuation from Jane Street, Kleiner Perkins, Sequoia, A16Z, Peter Thiel, BCV, and Blackstone. We're also excited to share that we've shipped our first rack to Jane Street.
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Pumped that @deviationcap is a Series A investor in @Etched! Thanks @csbeirne for partnering with them so early in their journey and believing at inception!
We’ve raised $300M in Series C funding at a $10.3B valuation from Sequoia, Andreessen Horowitz, Jane Street, Argo, and SK Hynix. Our mission is to run the world's inference. This round accelerates production of our inference clusters. We've opened an 80,000-sqft, 10-MW facility 15 minutes from our office to expedite production and prototyping.
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Good read. We will live in a multi-model world where both proprietary frontier models and open-source models will thrive.
Who’s Afraid of Chinese Models? Everyone is worried about Chinese models, but the frontier labs will be fine; we need to enable open U.S. alternatives. stratechery.com/2026/whos-af…
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Jonathan Golden retweeted
This team is ripping! First company shipping a chip designed in the post ChatGPT era. Moving super fast and delivering massive improvements in speed and bandwidth for inferencing. Congrats @UbertiGavin and @robertwachen. Keep going!
We're coming out of stealth. We've built our first racks after a successful A0 tapeout, $1B+ in customer contracts, and $800m raised. Early customer tests show us achieving SOTA throughput, latency, and power efficiency on inference workloads. Our first racks ship this summer.
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Jonathan Golden retweeted
Today we're launching @mastra `Harness` `Harness` gives you a `Session` with plan/build modes. It lets you manage thread lifecycle, spawn or fork subagents, approve tools per-call or session, ask user questions, queue/steer. With skills, sandbox, browser, heartbeat. channels:
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Jonathan Golden retweeted
Today, we’re thrilled to announce our $200M Series C funding round at a $1B valuation, led by @RoboStrategy and existing investors including @generalcatalyst. Standard Bots is now America’s largest manufacturer of AI-native industrial robots. Our customers include Sunoco, Lockheed Martin, NASA, and the US Army along with hundreds of other manufacturers across the country. We’re proud to say that we’re on track to deploy 10% of all U.S. industrial robots by next year. We are expanding our Glen Cove, New York facility to 70,000 square feet to scale our vertically integrated production process. We currently design almost all our own parts, including our own actuators, and we assemble every final product in-house. By 2027, we’ll manufacture everything — from metal in to robots out — right here in America. We believe AI-native robots are the essential power tool of the 21st century — the tool that will grow American manufacturing and help every American worker to be a force at work. You just show your robot how it’s done, and it learns through demonstration. No coding, no consultants, just unbox and deploy faster than anything else on the market. Right now it’s possible for the United States to revitalize our manufacturing base if we become the worldwide leader in this transformative technology. We must build American robots, and put them to work in American factories. It’s a national imperative, and it’s our central mission. This fundraise gets us one step closer to the goal. The future of American manufacturing is bright! Join Standard Bots, and show your robot how it’s done — we’re just getting started.
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S&P 500 market cap is ~60T and Anthropic and OpenAI are ~1T in private valuation each. If 1.6% (1/60) of your portfolio isn't invested in each co., you are under exposed. You basically need these private assets now to be properly exposed to "the market".
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Jonathan Golden retweeted
Introducing Deviation Capital. Era-defining companies are the exception. They break almost every rule of conventional wisdom as they rise, but start the same way. A founder encounters something broken, invents a way forward others couldn't see, and bets everything on bringing it to life. We launch today as the spinout of Two Sigma Ventures to find, fund, and support these founders, backing technical teams harnessing data and computing to build enduring exceptions.
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For as long as I can remember, I've wanted this job. Apple's "Think Different" posters covered every wall of my teenage bedroom. I got my first taste of venture at Greylock, I learned how to build at Airbnb as their first product manager, scaling with them as they 100x'd over every metric, and I partnered with truly exceptional founders at NEA. At Deviation Capital, I get to build and invest. @csbeirne, Dusan, Sidney and I started @Deviationcap to find and support the founders operating at the frontier and in the fringes, harnessing data, computing, and AI to build the defining companies of our time. We're hiring in SF –– reach out.
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Jonathan Golden retweeted
Investors are betting billions of dollars that robotics will experience a Giant Leap. Meaning: robots are not useful today, but throw enough GPUs, models, data, and PhDs at the problem, and you’ll cross some threshold on the other side of which you will meet robots that can walk into any room and do whatever they’re told. The Giant Leap view is sexy. It holds the promise of a totally unbounded market – labor today is a ~$25 trillion market, constrained by the cost and unreliability of humans; if robots become cheap, general, and autonomous, the argument goes that you get Jevons Paradox for labor - available to whichever team of geniuses in a garage produces the big breakthrough first. This is the type of innovation that Silicon Valley loves. Brilliant minds love opportunities where success is just a brilliant idea away. My friend @evanbeard is betting that progress will happen by climbing the gradient of variability. That robotics will progress towards general usefulness in small steps. The logic is clear: - Robotics is bottlenecked on data. - The best data is the data your robots collect actually doing things. - The best strategy, then, even if it's not the sexiest, is to get paid to collect that data, learn, and iterate. This is where the vast majority of value lies, and the real path to our abundant robotic future. For the first co-written essay in not boring world, Evan and I write about the robots.
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Jonathan Golden retweeted
Excited to announce Juicebox has raised $36M in funding, including our Series A led by Sequoia Capital (@sequoia) - to help the world’s leading teams win the talent war. More below 🧵
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True tokenization of assets. Onward @Courtyard_io!
We’re excited to announce that we've raised $30 million in Series A funding, led by @ForerunnerVC, with participation from NEA, Y Combinator, Burst Capital, Prelude, and ParaFi. Thanks to our team, users, and investors for believing in our vision. This is just the beginning! 🚀
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Jonathan Golden retweeted
All the minds in the world. Now one question away. We’ve raised $16M from @sequoia to build @withdelphi - create your digital mind & turn your expertise into living, interactive conversations that scale globally. See how our customers use it below 👇🏼
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Perfect time to be building a bootstrapped AI first email client. Gmail, even with Gemini, is not cutting it (yet). Once @OpenAI and @perplexity_ai build browsers, their next logical step is an AI email app. Historically, email apps have been fast, medium sized, acquisitions.
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Great read. It takes a technology shift to produce new startups. AI is that shift and @perplexity_ai will be the next dominant consumer startup with @AravSrinivas driving the vision.
Consumer is back. We did many more consumer investments in 2024, which was a surprise, because the consumer startup technology window had been closed for 11 years. But the energy shifted due to AI. What it takes to win: nfx.com/post/consumer-is-bac… 🧵 w/ resources below
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I just used @meetgranola for the first time day. Felt like the first time I used @Dropbox, it just worked and was delightful. Well done @cjpedregal and team.
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Congrats and well deserved! @zcabrams's career of building product expertise in payments and crypto spanning over a decade led to this outcome. It was not an overnight success. Proud to be an investor in @Stablecoin (Bridge.xyz).
Bridge is joining forces with Stripe! I’m incredibly excited We started 2.5 years ago and we’ve done a lot since then :) We’re going to do a whole lot more in the years ahead. This is an important milestone, but we’re still at the very beginning of the Bridge journey. We started Bridge because we thought stablecoins could become a core, global, regulated payment platform. Our first year was hard. The digital asset space was in turmoil. We struggled to find partners / customers. We launched with our APIs in March 2023. After launch, we quickly saw inbound interest from cross-border payments companies. People talked about stablecoins for x-border money movement, but we didn't understand the space or need. These developers onboarded, showed us what was possible, and Bridge quickly started to scale. After that, we had government entities onboard with us to disburse aid, fintechs build US dollar-based savings and spending products, SpaceX to manage their global treasury, and many others. Our belief that stablecoins could be a new payment platform started coming true. Developers worldwide were dreaming up new stablecoin-enabled financial products and coming to Bridge to bring them to life. And each new use case was larger than all of those that came before it. Today, we’re moving many billions in payment volume. Our business has grown >10x this yr. But more importantly, we’re now helping 100s of developers all around the world. And their products are giving millions of consumers and businesses more economic choice. A lot has changed (and improved) over the past 18 months. But we’re still incredibly early. Stablecoins represent an entirely new payments platform. Realizing the potential of this platform will be a decades-long journey. As we’ve gotten to know the Stripe team, it’s become clear that we both share a vision for what’s possible with stablecoins and an excitement around the opportunity to create and build this future Stripe operates globally and understands better than almost anyone the problems created by our existing localized payment systems. Our teams share an excitement about stablecoins and vision for how to maximize their impact. Together, we’ll be able to solve bigger problems, support more developers, and help more consumers and businesses all across the world. We built Bridge to solve our most vexing global financial challenges; to pull a more connected world forward; to give everyone more economic choice. We’re thrilled to be joining forces with Stripe to fully realize these ambitions. Full blog post here --> nitter.cf/Stablecoin/status/1848…
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