$100t Is Managed By “human Duct Tape” | E2308

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Today’s show:
*There are $100 trillion in global assets sitting on top of what Hanover Park co-founder/CEO Chris Hladczuk calls “human duct tape”: armies of accountants in offices patching together work from various legacy tools (QuickBooks, Excel) that are holding funds’ own data hostage. Can all of this be replaced with AI? Find out how their startup went from overseeing $1B to $20B in assets in just 15 months.
PLUS, we flash back to March 2020, when Jason and Figma co-founder/CEO Dylan Field broke down the design tool’s initial go-to-market strategy, made some WILDLY inaccurate COVID predictions, and considered anxiety about “SaaS burnout” years before the category went full apocalyptic.

Guests:

Chris Hladczuk on X: https://x.com/chrishlad
Hanover Park: https://www.hanoverpark.com/
Dylan Field: https://x.com/zoink
Figma: https://www.figma.com/
Relevant Links:
Turner Novak on X: https://x.com/TurnerNovak
Banana Capital: https://www.bananacapital.vc/
Emergence Capital: https://www.emcap.com/
Lux Capital: https://www.luxcapital.com/
Susa Ventures: https://susaventures.com/
Bill.com: https://www.bill.com/
METR: https://metr.org/
Granola AI note taker: https://www.granola.ai/
Vanta: https://www.vanta.com/
Foo Camp on YouTube: https://www.youtube.com/c/foocamp
TechCrunch Mahalo coverage: https://techcrunch.com/2014/01/27/inside-mobile-news-launch/

Timestamps:


0:00 Hanover Park & the fund admin problem
2:51 Why funds outsource instead of building
5:03 Why fund accounting is so complex
9:57 The "one click migration" goal
10:07 Northwest Registered Agent - Get more when you start your business with Northwest. In 10 clicks and 10 minutes, you can form your company and walk away with a real business identity — Learn more at https://northwestregisteredagent.com/twist
13:10 Context vs. intelligence gaps
15:30 No PMs, No Designers
20:05 Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist
22:37 This is a $100T opportunity
24:55 Flashback w/ Dylan Field of Figma
28:34 Sentry - Your team should be focused on shipping features — not chasing down bugs. New users can get $240 in free credits when they go to https://sentry.io/twist and use the code TWIST
30:41 Pre-AI enterprise security worries
35:49 SaaS overload and SaaS burnout
36:49 The evolution of Figma pricing
41:57 The rise and fall of Mahalo dot com
50:57 The work-from-home revolution begins




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