Brendan Foody

speaker

1,144 appearances 2 recordings 2 series first heard Jun 2026 last heard 1 Jun

Brendan Foody’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.

Appearances

newest first · ▶ plays the moment

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · 20VC: Mercor CEO on Why Application Layer Companies Have No Defensibility, The Model is the Product | Token Spend Will Exceed Headcount Spend in 5 Years | The True Cost of Hiring AI Researchers in the Valley Today with Brendan Foody · 1 Jun 2026 podcast

And...

I initially didn't want to raise because I wanted to bootstrap the company, but Adarsh and Surya's condition on dropping out was that we needed to raise money.

And so, we met General Catalyst 8 AM on a Sunday morning.

They gave us a term sheet within 36 hours for $2.3 million at a $23 million post-money valuation.

Pretty good.

So that was pretty reasonable in so far as price of the tech.

And this was Max and him on?

This was Max and Nico.

And then at our Series A, the business didn't grow that much from the seed to the Series A, but we found the market was a key differentiation.

And we met Victor when we were at one and a half million in revenue run rate in May of 2024.

And Victor got super excited.

Initially, I refused to take a second meeting, but then he said, oh, have you ever been in a helicopter?

And so Peter took us

on the helicopter flight.

And Benchmark really wanted to work with us.

And so by the time that they gave us a term sheet, we were at, call it, $2.5 million in revenue.

And they gave us $250 million post-money valuation.

Did that feel uncomfortable?

Because that's a big jump, $223 post to $250.

So keep in mind, at the time, this sounds crazy because we were at $2.5 million in revenue.

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