Opinion
Mathew: AI mega-round funding is rational and AI potential is underestimated
“I actually think the market is totally rational on this. I think if anything, a lot of us have underestimated the potential of AI and the value creation that it offers.”
Prediction Not checkable as stated
Mathew: US Financial Markets Will Absorb Multi-Trillion-Dollar Tech IPOs
“And so I think this is just the power of the financial markets in the United States specifically, I think we can absorb it. I think we will. I think you'll see a number of other countries and investors from all over the world and mom and pop, you know, it's no…”
Disclosure
Mathew: Accel now regularly invests $500M to over $1B per company
“Our first growth fund was four hundred and eighty million when we first joined. It is not unusual for us to invest five hundred million dollars into a company, actually to invest over a billion dollars into a company.”
Insight
Mathew: AI models are the new distribution channel, favoring best developer UX
“In this era it's AI optimization. And so these products are now the distribution mechanism for all the downstream products and services that you can use. And they tend to prioritize the tools that have the best developer and user experience.”
Insight
Mathew: AI model releases create tailwinds for cybersecurity platforms like CrowdStrike
“When Mythos first came out, I think the stock market thought that Mythos was going to kill a bunch of our security companies. Just look at CrowdStrike's stock price over the last six weeks. It actually is such a tailwind behind a lot of these companies, especi…”
Assertion Supported
Mathew: Elon Musk is reserving 30% of the SpaceX IPO for retail
“And so Elon reserving 30% of the SpaceX IPO for retail investors, I think is a really great thing.”
Assertion Not checkable as stated
Mathew: Supabase is growing 350% at hundreds of millions in scale
“So we can take Supabase, for example, which is the backend database to a lot of agent workflows and agent applications. That's growing 350% at hundreds of million dollars of scale, and they have virtually no salespeople. It's all inbound.”
Assertion Not checkable as stated
Mathew: Most agentic workflow usage is coming from inside enterprises
“Most of the usage that we're seeing is actually coming from inside the enterprise.”
Assertion Partly supported
Mathew: Supabase grew from under 1M to 9M developers in over a year
“They just crossed nine million developers You know, last week when we first invested, it had under a million developers, and that was at the beginning of last year.”
Assertion Supported
Mathew: Cyera is the highest-valued private security company
“And so, they're actually one of the, I think they're the highest valued private security company on the market.”
Assertion Supported
Mathew: Accel bought Facebook secondary shares around a $20B valuation
“We, so we initially invested in Facebook in 2005. We led the series A out of our early stage fund, and we created this growth vehicle in 2008. Miles and I joined in 2008 and 2009, and one of the first opportunities was to buy some Facebook secondary that came …”
Disclosure
Mathew: Accel modeled Facebook secondary investment at 5X upside
“And so I remember that partner meeting around the table saying, we actually think this could be a hundred billion dollar business or more that we could generate north of a five X. Lo and behold, that was way under shooting what the opportunity and the potentia…”
Assertion Supported
Mathew: 60% of Y Combinator companies now choose Supabase
“So, 60% of YC companies now choose Supabase.”
