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Palo Alto, CA
Joined January 2010
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Digital side hustles have been the dominant force behind some of the biggest consumer hits of the last decade: TikTok (creators), WhatNot (resellers), Kalshi (traders), Suno (musicians).
They are all fueled by the consumer desire to supplement their incomes online. Whop is a continuation of this trend that'll continue to accelerate with inflation and AI driven white collar job loss.
Whop has raised $200M in Series D funding at a $5.1B valuation, backed by @sequoia and @shopify.
It really feels like we are barely touching the tip of the iceberg in a market larger than anyone can imagine.
We first launched Whop as a better way for us to sell sneaker bots, one of the most niche types of desktop software out there.
Total TAM? Probably $20,000 per day.
Who cares, tiny market.
But, what people discounted is the idea that there were actually 70,000 other markets exactly like that one.
Beyond the investment itself, I am especially excited to welcome legendary silicon valley investor @dougleone to our board of directors. Doug and the sequoia team are nothing but a brilliant, resourceful, and principled group of people.
My co-founder Cameron and I started building on Shopify when we were 13 years old. Shopify is one of the most impactful all-in-one cloud ecosystems ever created; @tobi has pioneered modern entrepreneurship the way we know it and we are thrilled to have him in our corner.
We have a tenet at Whop to be the dumbest in the room and I am very grateful that this has recently become a lot easier.
We are focused on markets, scale economies, and progressive media. If that is up your alley, please message me directly.
The $200M raised will support our expansion as we build economic infrastructure for the next century, continuing on our mission of delivering everyone an income.
Agents vs Agency
The consumer internet gave us agency. Before the internet, we traded through brokers, booked travel through travel agents. This is unthinkable today and this won't change if the agent is AI, especially where apps have transformed tasks into entertainment.
Hello everyone. Here are key highlights from Eternal for Q2FY27 -
→ B2C NOV grew 54% YoY (15% QoQ) to INR 35,644 crore
→Eternal’s Consolidated Adjusted Revenue grew 76% YoY (19% QoQ) to INR 24,621 crore (like-for-like growth was 58% YoY)
→ Consolidated Adjusted EBITDA grew 197% YoY (20% QoQ) to INR 666 crore
→ Blinkit NOV grew 79.3% YoY to INR 20,940 crore with QoQ growth at 22.2%
→ Blinkit dark store count: 2,751; Expect to cross 3,500 stores by March 2027 and about 5,000 stores by March 2028
→ Zomato NOV grew 21.5% YoY (INR 11,445 crore), with the growth acceleration now continuing for five consecutive quarters
→ District NOV grew 58.0% YoY (1.3% QoQ) to INR 3,259 crore
→ Hyperpure revenue grew 22.7% (LFL) to INR 1,154 crore
→ Bistro and Nugget Adjusted Revenue grew to INR 132 crore as compared to INR 95 crore in previous quarter
Shareholders’ letter and financials here drive.google.com/file/d/1gZ8…
If there’s anything we can do better, we’re always listening. Please feel free to reach out to us at [email protected] with any questions or feedback.
Consumer agent use cases that resonate almost always involve the dregs of the consumer internet – airlines, insurance, banks, gov – where deep moats prevented disruption.
In a world of abundant great software, their experience should improve 10x in 12-18 months.
Bye @RobinhoodApp and thank you @vladtenev for the opportunity and the operating masterclass.
The only reason to leave this rocketship is to start my own company – more on that soon.
Siddharth Batra retweeted
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Thank you @vladtenev, let’s do this!
Excited to share that @robinhoodapp is joining forces with @x1creditcard to expand our product offerings! Welcome @sidbatra @drao!
Lex, thanks for the thoughtful questions 🙏🎙
Which is why, I had such a great time talking with co-founder of @x1creditcard @sidbatra
Every few hours, @x1creditcard customers spend in 1000s of cities across these glorious 50 states 🇺🇸 🙏
Help me spread $1000 worth of holiday cheer using my @x1creditcard.
Give a gift, donate to a charity or help someone in need.
To prevent abuse, transactions over a secret amount will be declined.
Please retweet and like ❤️🎄🎅
Highlights of some thoughtful donations 🙏:
- Wikipedia Gift $1
- The San Francisco SPCA $21.40
- Helen Keller Intl $50
- Kea Conservation Trust NZ $44.50
- newincentives.org/ $50
Highlights of DECLINES showcasing the dark side of humanity:
- RYSE Supplements $66.93
- AMAZON.COM $140
- Dil Mil $53.50
- Sey Coffee $20
- OnlyFans $25