TheCapTable

The 2026 AI VC rankings JUST DROPPED: - 41 of the top 100 are driven by 3 cap tables: Anthropic, OpenAI, xAI - Nearly 3/4 of what put VCs on this list came from investments made since 2023 - a16z took 11 spots - Factorial Funds only started investing in 2021 and made the top 10 thanks to xAI Crazy how just a handful of AI companies have completely changed who's at the top of the VC leaderboard.

I don't know if I am hyped or terrified, but I think your future resume will just be your AI coding workflow history

Announcing the Two Roads Capital Scout Program. - You refer a great founder - We decide to invest - You earn 20-50% carry on the deal Been doing this quietly with people in my network, but now it's open to everyone!! tworoads.vc/scout

A 20-year-old went to law school for one day… then dropped out to sell cake. Five months later, he's at $120K per month. Meet @daymakerguy from Norway. He first thought of the idea at a conference. There was a contest to see who could book the most meetings. He tried sending cakes instead of cold outreach. He booked 17 meetings that day. Including KPMG. "Holy shit, people really want cake." So he opened up @Lovable and built Daymaker. Two use cases: - HR teams use it to automate employee birthday cakes - Sales teams use it to book meetings (cake converts at 40%) He built the entire backend on Lovable. Tables. HR integrations. Accounting systems. Everything that made the cakes flow. They've sold 200+ cakes on the platform. The numbers since: - Hit $120K/month in 5 months - $100K raised at a $3M valuation - Bakery partnerships live in SF, Florida, and Vegas "The funny thing is that something we just made in Lovable has become VC-backable." His mentor, a deep tech founder, saw the platform one month in. He was shocked it was even possible to build. The cake is the Trojan horse. Once a company trusts you to deliver something small and consistent, you expand. Gifts. Events. Employee perks. Eventually, a full HR layer. Most founders wait for a technical co-founder. Or funding. Or the perfect moment. William just opened Lovable and started sending. He's 20. He wants to be the biggest cake provider in the US. And he's building it one cake at a time. Comment LOVABLE and I'll send you 20% off your first month of their Pro 1 plan.

I have an announcement to make.... I'm officially launching the Two Roads Capital Syndicate!!!! My first deal goes live this week! If you’re interested in AI, robotics, frontier tech, and critical infrastructure… Apply to the syndicate through the link below to see my deals. Welcome to @tworoadsvc! angellist.com/s/tworoads/1DQ…

After 4+ years, 100+ syndicate investments, and deploying a $25M fund… I'm transitioning to an advisor role at Red Beard Ventures. My journey at RBV all started at a conference. I was working at a start-up and angel investing on the side. I met Drew and we hit it off. He told me if I started sourcing deals, he'd give me carry. I started spending nights, weekends, and any free time I had reaching out to founders, getting on calls, and introducing my favorite companies to Drew. A few months later, I'd shown my investment thesis and proven I could get into some top deals… and that's how I ended up joining RBV at the beginning of the first fund. Building alongside @DrewAustin and the rest of the team we built for the past 4+ years has been one of the most formative experiences of my career. We got some things right. We got some things wrong. But living through the full market cycle of Web3 - the hype, the crash, the rebuild - changed how I think about markets, timing, and conviction. Through the syndicate, I started investing outside crypto. I led and invested in deals in Anduril, Matternet, Legacy, SpaceX, and more. I started paying attention to where I was spending my free time. The podcasts I listened to. The books I read. The companies I wanted to dive more into. And somewhere along the way I realized: I wasn't just a Web3 investor. I'm grateful to Drew for taking a chance on me. Building the fund alongside Drew has been some of the most rewarding and fun I've had in my career. I'm proud of what we built at RBV. I'm proud of the founders we backed. And I'm thankful to every LP and operator who believed in us along the way. But, doing a fund is a big commitment that I want to be 100% all-in on. And personally, I'm just not there right now. Drew is going to continue growing RBV and I am going to transition to an advisor role. Still supporting our LPs and Founders in any way that I can. But I've decided to take a different path. Thank you Drew, our LPs, and my team for believing in me. I feel so honored to have spent the last 4+ years building RBV. More to come on what's next for me soon…

Link to @TheGirlsTable EP 👇youtube.com/watch?v=kH618FMX…

A few years ago, I remember reading about an entrepreneur who built a business all from posting vintage clothing on eBay. The founder had no fashion experience but grew it to over $100M in revenue and raised over $60M in VC funding. That shop turned into Nasty Gal, an iconic fashion brand, and it was the brainchild of @sophiaamoruso. Tune in to Sophia's journey from launching Nasty Gal out of her SF apartment, building a multimillion-dollar brand, and using her life experiences to shape her current investment thesis at @trustfundvc. I deeply admire Sophia and this was so much fun!