Chapter One

Supabase has raised $500M at a $10B valuation In this round we are giving Supabase employees the opportunity to cash out 25% of their vested options. We have done this in every round since inception. We do it as a “cashless transaction” so that employees don’t need to front any cash to exercise their options. This is the friendliest way we could design it until we can offer RSUs. On top of that, we give employees a 10 year exercise window: whether they stay or leave the company. The typical/default window is 3 months. IMO, equity is earned and employees shouldn't be penalized because they don't have the cash to exercise within 3 months of leaving a job (often that's the time they need the cash/certainty the most). As part of the round we're announcing Multigres v0.1 (alpha). Multigres is like an "operating system" for Postgres, handling connection pooling, backups, and high availability. This is an open source release that you can self-host: https://lnkd.in/dB_SHavf We've grown a lot in the past year. Nearly 10M builders use Supabase now. Over 60% of databases on the platform are launched by some sort of agent. We still have a lot to build. I'm excited to get back to work with the team read the announcement ↓ https://lnkd.in/d3jXpquX

Mach Industries ➡️ America’s newest defense unicorn! $1.8B valuation after $300M Series C 4x increase in value in just over a year 5x team growth since last year How? 🚀 Building America’s most impactful products https://lnkd.in/gGStwiJW 🚀 America’s most talented, mission-aligned team 🚀 Delivering for the warfighter’s most critical missions 🚀 Efficiently deploying capital from top investors Infinite Capital Ribbit Capital Bedrock Sequoia Capital Khosla Ventures We are just getting started! Are you ready to build with the best? Join the team: https://lnkd.in/gJHmkxVA Connect directly with our team below! Ethan Thornton Nathan P. Diller Anand Gopalan Amanda S. Brendan Cooney Matthew Gann Rob Mark Tyler Pancake Felix van der Vaart Kevin Mahaffy Eric Schmidt Clare Timmis Chris Gentile Tamara Diller Red Jensen Ashton Bennett #DefenseTech #NationalSecurity #Manufacturing

Most VC firms describe venture as a game of access. We think that's backwards. Venture is a product. We wrote down what that means, and the standard we want to be held to. https://lnkd.in/gVD8iEis