Jimmy McDermott retweeted
what does it look like when founders stop compromising?
@thetysonchen (avoca ai) answered: what if service businesses never missed another call?
akash kapoor (chartr) asked: can hospitals actually make real-time decisions?
dan mishin (manifest os) wondered: what if law firms weren't built on billable hours?
jack weinberger (ajax) decided: lawyers should never write a timesheet again.
@jdmcd (@Rubie_HQ) realized: data migrations shouldn't take 6 months.
katon luaces (pointone) saw: timekeeping is the missing layer of legal tech.
july 21. @betaworks. 6pm. founders + top talent.
Jimmy McDermott retweeted
The average dunning email gets ignored. You are literally sending "please ignore me" messages to customers who owe you money.
Playbooks - our workflow system for intelligent collections - is now live on the @usemonk platform.
A system that reasons, not just reminds.
We filmed a 60 second video showing you an experiment between @zhou_squared and @francescocoacci collecting $100K.
Finance, biz-ops and post-sales teams should not be spending time chasing customers.
Many spend 10+hrs/week doing what Joe did in this video:
- context switching between tools (slack, gmail, quickbooks, google sheets)
- breaking flow from deep work
- sending reminders because the average dunning email is ignored
But agentic collections are not enough. Every customer relationship is different.
Some need white-glove treatment and others a nudge. That’s why we built playbooks, giving every business a customizable collection workflow.
With playbooks you can:
- create triggers and workflows specific to a customer segment (tone shift, conditions, escalations to sales/customer support)
- auto-resolve AP questions with context from relevant email threads
- pause automatically when product questions or upsells opportunities come up
Playbooks is how you get paid while you sleep.
And we do it with professionalism and empathy that your customers deserve.
Heading into Q1 with a gap between signed ARR and actual cash? Watch the video.
And if you want to see bloopers from Frank/Joe filming, comment “payday” + tag a teammate and we will send you bloopers from the shoot.
Jimmy McDermott retweeted
$3 Trillion is currently stuck in unpaid invoices.
An average invoice takes 59 days to clear.
If you're doing >$10M in revenue, getting paid in 30 days instead of 59 days will literally make you millions over 2 years.
Introducing Monk. It collects your money faster and pays for itself in 30 days, guaranteed.
Fast-growing companies like ElevenLabs and Profound rely on Monk.
The Problem: 39% of the $3T stuck is due to two stupid reasons:
1. "Please fix this comma in the invoice and then we'll pay you'" (this happens 2-3 times per transaction)
2. "Sorry the payment reminder got buried in my inbox" (automated emails get ignored)
A payment that should take 2 days, takes 10 days. Your cash on hand is embarrassingly behind "recorded revenue".
To fix this, we raised $4M led by @btv_vc with participation from @gtmfund and @danonanthony.
For our first product, we had to innovate on 3 dimensions:
1. Monk turns signed contracts into invoices with near-perfect precision
- We leverage frontier models to extract key terms from your deals and turn them into invoices.
2. Monk collects payments agentically with a 24% better reply rate than automated emails:
- Tuned to write emails that feel like a human request, not spam. Your invoice is competing with everything in their inbox.
- We know how to find an alternate point-of-contact when someone is OOO, when to reach out, and what tonality yields a higher response rate.
If you had someone on your team whose invoice emails got answered 24% more than others - that would be a big deal. You’d make them the head of revenue collection.
3. Granular visibility into your cashflow:
- Understand your cash position, aging, or expansion/contraction at customer level.
Book a demo at monk.com/book-a-demo-form and we guarantee that Monk will pay for itself within 30 days.
If you've read this far, we are giving away 40 water-tight contract templates. This would cost >$10K to any agency, startups, or freelancer, to create from scratch.
Retweet this and comment 'Monk' and we'll send them to you.
Jimmy McDermott retweeted
Today we’re launching Prompt Volumes, answering the biggest question in AEO:
"How many people are talking about <any topic> in AI platforms like ChatGPT?"
Search is skipping the website. People go straight to Answer Engines to get what they need.
Jimmy McDermott retweeted
Customers don't Google blue links to decide what to buy anymore. They ask ChatGPT.
Google currently drives $2.4 trillion of commerce. In 5 years, $1 trillion of that will shift to ChatGPT.
Becoming ChatGPT's #1 recommendation could be worth $100M+ to your business.
Here's what should terrify every CEO:
- ChatGPT hit 700M weekly users, growing 4X year-over-year
- 47% of consumers already use answer engines like ChatGPT to research purchases
- ChatGPT handles 1 billion+ queries daily (1/8th of Google)
- At current growth rates, AI assistants will drive 30% of all product decisions by 2029
If your company generates >$1M from SEO, you're facing an existential threat: ranking #1 on Google will soon be as relevant as ranking #1 in the Yellow Pages.
Here's the paradigm shift: In the SEO era, you optimized articles to rank for keywords. But answer engines don't crawl your SEO-optimized pages. They form opinions from authentic discussions on Reddit, niche forums, and community blogs. The brands dominating these conversations become their default recommendations.
Every company built on SEO is about to watch its distribution channel evaporate.
That's why we built @profound: the generative engine optimization (GEO) platform that gives you control over how your brand is being discovered across all answer engines like ChatGPT.
Today, I'm thrilled to announce our $35M Series B led by @sequoia, with continued backing from @kleinerperkins, @khoslaventures, @Saga_Ventures, and @spc.
In under 12 months, over 2,000 marketers at companies like Ramp, US Bank, Indeed, MongoDB, DocuSign, and Chime have used Profound to:
- Monitor how answer engines describe their brand
- Identify which Reddit threads and forums shape AI opinions in their category
- Drive up to 700% increases in AI referrals
- Generate six-figure revenue directly from AI recommendations
Today, we're launching a game-changing update: Workflows.
- Profound identifies which forums and communities answer engines reference for your industry.
- Workflows then automatically create authentic, valuable content for the platforms most relevant for you to be picked up by answer engines like ChatGPT.
- The $2.4 trillion commerce pie isn't growing as much as it's being redistributed. From SEO to GEO.
Jimmy McDermott retweeted
Today, I’m thrilled to announce @profound has raised a $35M Series B led by @sequoia, with @kleinerperkins, @khoslaventures , @Saga_Ventures , and @spc participating.
Jimmy McDermott retweeted
Today we're announcing our $35M Series B led by @sequoia to build technology that connects brands with one new customer: Superintelligence.
Customers don’t turn to Google blue links to decide what to buy anymore. They ask ChatGPT.
Jimmy McDermott retweeted
$20M to pioneer Answer Engine Optimization
We're excited to announce Profound's $20M Series A funding, led by @kleinerperkins with participation from @khoslaventures, @nvidia, @saga_ventures, @spc, and @svangel.
Jimmy McDermott retweeted
Thanks to everyone who came out to our pre-seed mixer in NYC last night - and to our amazing panelists @jsawadd / @jdmcd / @TBurton86 / @torreyleonard
If you missed it - we're recruiting new founders-in-residence, learn more here: afore.vc/residence
Jimmy McDermott retweeted
Avg. engineer spends 830 hrs/year fixing bugs.
To solve this - we built a new kind of mobile testing platform. Our first product allows customers to get client tests results without any implementation or any script.
Our mission is to increase output of engineering teams.
Manual testing sucks so solving QA is our phase 1.
Jimmy McDermott retweeted
Congrats @jdmcd! If anyone is looking for an awesome startup to join, check it out. He has a fun engineering challenge at reverseengineerthissite.com/ too - my score is 39 minutes :)
I was 10 years old when I reverse engineered my first computer system.
It started with my elementary school loaning me a computer to make them a website - and ended with the IT team questioning me about how I got admin access to the district’s file server 😅
Something in my brain clicked at this moment - systems are learnable, malleable, and imperfect. This compulsive need to figure out how things work never went away, and I’ve been fascinated with reverse engineering things ever since.
10-year-old Jimmy would be so pumped for today’s announcement: I’ve raised $3.2m for my new company, Rubie!
Naturally, reverse engineering is a big part of our product - I want to take a moment to tell you about why what we’re building is special, and why you should join us if you’re an engineer in NYC. (careers.rubiehq.com)
🧵1/7
Jimmy McDermott retweeted
Earl Grey (me, @maccaw, @mattsornson) is thrilled to be backing @jdmcd & Rubie, along with @AforeVC and other killer investors.
Rubie is solving an problem that we've just assumed can never be solved - enterprise software implementation being a massive pain in the ass.
Countless teams, consultants, systems integrators, process, dollars, and time are required for this every day - especially as software gets more intricate and feature-rich. Neither the customer nor vendor really want this... but it's just how it's done.
Rubie's approach will create a 50x better experience for both sides...and it actually feels like magic.
I was 10 years old when I reverse engineered my first computer system.
It started with my elementary school loaning me a computer to make them a website - and ended with the IT team questioning me about how I got admin access to the district’s file server 😅
Something in my brain clicked at this moment - systems are learnable, malleable, and imperfect. This compulsive need to figure out how things work never went away, and I’ve been fascinated with reverse engineering things ever since.
10-year-old Jimmy would be so pumped for today’s announcement: I’ve raised $3.2m for my new company, Rubie!
Naturally, reverse engineering is a big part of our product - I want to take a moment to tell you about why what we’re building is special, and why you should join us if you’re an engineer in NYC. (careers.rubiehq.com)
🧵1/7
Jimmy McDermott retweeted
Making it easier to buy & quickly onboard to complex software is -- believe it or not -- a huge unlock to the world's productivity.
Sounds niche but it's crazy how slow-moving corporate processes, software, and workflows make *everyday life* for *every person* (whether they work at the company or not).
Excited to support @jdmcd and Rubie in a small way!
I was 10 years old when I reverse engineered my first computer system.
It started with my elementary school loaning me a computer to make them a website - and ended with the IT team questioning me about how I got admin access to the district’s file server 😅
Something in my brain clicked at this moment - systems are learnable, malleable, and imperfect. This compulsive need to figure out how things work never went away, and I’ve been fascinated with reverse engineering things ever since.
10-year-old Jimmy would be so pumped for today’s announcement: I’ve raised $3.2m for my new company, Rubie!
Naturally, reverse engineering is a big part of our product - I want to take a moment to tell you about why what we’re building is special, and why you should join us if you’re an engineer in NYC. (careers.rubiehq.com)
🧵1/7
Jimmy McDermott retweeted
This is such a cool recruiting tactic. Hack the website and land a job.
Reminds me of Stripe's Capture The Flag hackathons.
reverseengineerthissite.com/
Jimmy McDermott retweeted
congrats to @jdmcd on the announcement! 🎉
when we went to boston college together, jimmy was always a crowd favorite when speaking at our entrepreneurship club events and mentoring other bc student founders 🦅
he is a talented engineer as well as a kind mentor and friend :)
I was 10 years old when I reverse engineered my first computer system.
It started with my elementary school loaning me a computer to make them a website - and ended with the IT team questioning me about how I got admin access to the district’s file server 😅
Something in my brain clicked at this moment - systems are learnable, malleable, and imperfect. This compulsive need to figure out how things work never went away, and I’ve been fascinated with reverse engineering things ever since.
10-year-old Jimmy would be so pumped for today’s announcement: I’ve raised $3.2m for my new company, Rubie!
Naturally, reverse engineering is a big part of our product - I want to take a moment to tell you about why what we’re building is special, and why you should join us if you’re an engineer in NYC. (careers.rubiehq.com)
🧵1/7
Jimmy McDermott retweeted
Congrats to @jdmcd at @Rubie_HQ on the $3.2m raise announcement!
Setting up ERP's, CRM's, or other complex software involves tedious configuration and long implementation times. Rubie utilizes AI to automate manual configurations tasks.
Excited to have led the round 🎉
I was 10 years old when I reverse engineered my first computer system.
It started with my elementary school loaning me a computer to make them a website - and ended with the IT team questioning me about how I got admin access to the district’s file server 😅
Something in my brain clicked at this moment - systems are learnable, malleable, and imperfect. This compulsive need to figure out how things work never went away, and I’ve been fascinated with reverse engineering things ever since.
10-year-old Jimmy would be so pumped for today’s announcement: I’ve raised $3.2m for my new company, Rubie!
Naturally, reverse engineering is a big part of our product - I want to take a moment to tell you about why what we’re building is special, and why you should join us if you’re an engineer in NYC. (careers.rubiehq.com)
🧵1/7
Jimmy McDermott retweeted
the tech Jimmy is building is so dope and he is 100% the person to do it. let’s goooooo!!!!
I was 10 years old when I reverse engineered my first computer system.
It started with my elementary school loaning me a computer to make them a website - and ended with the IT team questioning me about how I got admin access to the district’s file server 😅
Something in my brain clicked at this moment - systems are learnable, malleable, and imperfect. This compulsive need to figure out how things work never went away, and I’ve been fascinated with reverse engineering things ever since.
10-year-old Jimmy would be so pumped for today’s announcement: I’ve raised $3.2m for my new company, Rubie!
Naturally, reverse engineering is a big part of our product - I want to take a moment to tell you about why what we’re building is special, and why you should join us if you’re an engineer in NYC. (careers.rubiehq.com)
🧵1/7
Jimmy McDermott retweeted
Apps for the @spc Founder Fellowship close soon, on March 24th.
So let me make the final, simplest case for why this is the best way to start a world-changing company:
It is too easy to convince an investor to back an idea before you have convinced yourself. 🧵
Jimmy McDermott retweeted
A new version of Foundation launched today as an open source project, written in Swift. This project provides a single, cross-platform implementation and shows significant performance improvements. swift.org/blog/foundation-pr…
