M13

2026: the year CHROs, not engineers, are AI workforce architects. M13 partner Matt Hoffman predicts that this year, companies will embed AI in their strategy as part of what it truly is: a new architecture for how work gets done. The best ones will design agentic workflows from the ground up, deciding which tasks are owned by people, which are executed autonomously by AI systems, and how the two reinforce each other. Doing this well demands a different kind of leadership profile: close enough to the work to understand the nuances of product, operations and customer feedback and experienced enough to architect workflows and decide where human oversight is essential. And it requires a shift in ownership. AI’s impact is organizational, not just technical. These are not engineering questions, they are people questions. CHROs and talent leaders will become stewards of the AI transformation, defining how work gets done in truly AI-native companies. Read more predictions from our partners at the link in the comments. 📸 : Matt with fellow M13 partner Karl Alomar

Power, policy and the human moat. What constrains scale matters as much as what enables it. Long-horizon thinking is grounded in an understanding of real markets, healthcare economics and the limits of automation. Today’s predictions reflect where naïve theses tend to break: Anna Barber on why New York is overtaking Silicon Valley as AI moves closer to regulated, customer-proximate markets, Win Chevapravatdumrong on AI governance shifting compliance from theory to execution, Sarah Tomolonius on the role of human judgment even as AI filters everything upstream and Evan Richardson on why GLP-1 access and coverage will remain a defining healthcare battleground in 2026. Check out the rest of our 2026 predictions in the link in the comments. 📸 : Win, Anna, and Sarah at our annual Dock-In last month!

On Keep Going, John Biggs sits down with Karl Alomar, M13 Managing Partner and former COO of DigitalOcean, to talk about what actually happens when the floor drops out from under a company. Karl shares a formative story from his first startup, the kind founders rarely tell publicly, and the hard-earned lesson about building your support system before you need it. It is a candid conversation about resilience, leadership and why the people around you matter as much as the idea itself. Check it out at the link in the comments. 📸 : Karl at our annual Dock-In with Latif Peracha and Brent Murri!

Founders, partners, and sector experts shared what they believe will define 2026. Today let’s dive into the next platform wave with predictions from Rob Smith and Morgan Blumberg that point to a clear shift. Differentiation is moving away from model size and toward systems of action. The next leap in AI will come from physical models, embodied AI, and enterprise world models that learn from real environments, simulate outcomes and actually execute work. This is where durable platforms get built. “These systems learn from the real world rather than text using sensors and cameras to learn how the real world works, much like a human being does through experience,” says Rob. “The major advantage over LLMs is the nearly limitless amount of data they can process to continue to learn concepts related to science, medicine and human-to-human interactions, an area of weakness in LLMs.” “In 2026, intelligence shifts from “models that know things” to “models that understand and act within environments.” The winners will leverage world modeling, not model size, to automate knowledge work,” says Morgan. Check out the rest of our 2026 predictions in the link in the comments. 📸 : Morgan with Anna Barber, W. Christine Choi, and Whitney Hazard + Rob with Karl Alomar, Carter Reum, Mary Lara and Cassie Cunningham at our annual Dock-In before the holidays!

If you saw our recent M13 offsite photos, you may have noticed a surprising number of flowery print. Matt Hoffman shares why we wore all that floral and why our annual Dock-Ins are a key part of our culture, trust building, accountability and performance.

As 2025 comes to a close, we’re celebrating another year of exceptional founders building the future. 🎉 ICYMI this year, we welcomed new companies into the M13 portfolio and doubled down on teams we backed early as they reached new milestones. Anything: the personal AI engineer enterprises need.  Avataros: building lifelike 3D avatars that are interactive, scale like software, and integrate anywhere.  Chord: infusing commerce data with artificial intelligence to drive success for e-commerce brands.  Daylight: building a consumer-grade decentralized energy network that helps homeowners produce, store, and share power back to the grid.  Estuary: making data pipelines dependable, cost-predictable and AI-ready.  Kontext: redefining advertising in generative AI applications with context-rich ad formats.  Makora (formerly Mako): unlocking peak GPU performance and reducing AI inference costs automatically.  Replenysh: creating a new supply chain with today’s trash.  Robyn 🪺: building emotionally intelligent AI that empowers self-discovery and connection. Sitch: using human expertise x AI to help users find people they’re actually compatible with.  Teleskope: turning detection into action in data security. We’re proud to continue supporting in these portcos and participate in their latest rounds: Allocate: building the future of wealth creation. Maven AGI: powering the enterprise end-to-end with business AGI.  Niural AI: agentic AI-powered, full-stack platform that automates payroll, benefits, vendor payments, and compliance.  Polimorphic: building an AI-powered platform that makes government work how it should. Grateful for this year and excited for the new. Happy New Year from all of us at M13. Thank you for being part of our constellation!

2025 made one thing clear: AI moved from possibility to pressure and who captures the value. What can we look forward to in 2026? We asked our partners and founders to share what they’re excited about for the new year and where platforms form, budgets unlock and how and where we will continue to exercise human judgment. If you’re building or investing through the next cycle, this is our clearest view of what’s ahead and what will actually compound – from infrastructure and data economics to healthcare adoption, labor, media, governance and naturally, human storytelling. Link in comments! Carter Reum Latif Peracha Karl Alomar Matt Hoffman Anna Barber Brent Murri Rob Smith Morgan Blumberg Win Chevapravatdumrong Sarah Tomolonius W. Christine Choi Mark Grace David Yaffe Evan Richardson Andrew Burt

Last night at NYC’s Temple Bar, we celebrated our founders, investors and media who are all shaping the innovation and perspectives of what comes next. A mix of super stars and rising ones, all in the same iconic room, all very human, all showing up for each other. Grateful for our people and the momentum we’re creating together. ✨ Latif Peracha Karl Alomar Mark Grace Amedeo Lorenzotti Whitney Hazard Tanya Hayre Gillogley Marissa Arnold Stacy London Riley Konsella Madeline Renbarger Allie Garfinkle Nikki Waller Michael Chime Neal Soni Parth Shah Eyal Lasker Serge Kassardjian Alex Konrad Natalie Sportelli Dominic-Madori Davis Nabin B. Everett Cook Jenny Fielding Diah Mehera Zachary Naglieri Chad (Charles) DePue Waleed Atallah Matt Hoffman Alex Marcus Gaurav Sharma W. Christine Choi Brittany Jiang Xochilt Segundo Julie Terreson Will Fisher Hootan Rashidifard

Congrats to M13 investor Whitney Hazard on being recognized as one of Alpha Partners' pre-partner venture investors who shined brightest in 2025 💫 Whitney has deep insight across domains & is an excellent advisor to founders. She has invested in Makora (formerly Mako), Sitch, Kontext, Estuary, and others. She's a huge asset to M13 and is now working with Brent Murri in the new M13 San Francisco office! Check out her Substack on thinking and investing in public at the link in the comments. 📸 : Whitney with Latif Peracha and Morgan Blumberg at our annual Dock In last week!

Is storytelling an essential advantage in the AI era? Our 2026 predictions argues yes and goes further. As algorithms increasingly decide what gets seen, trusted and acted on, winning the market will take a system founders can architect and investors can underwrite, grounded in a clear what is the what and why should I care. Today’s predictions explore that shift: Brent Murri on how digital marketing changes with the first ChatGPT ad, Carter Reum on cultural commerce and fandom as the next infrastructure layer, and W. Christine Choi on why, when algorithms mediate attention, your story is your strategy. Check out the rest of our 2026 predictions in the link in the comments.

Founders, partners and sector experts shared what they believe will define 2026. Today’s batch of predictions by Latif Peracha, Matt Hoffman, and Mark Grace say that next year the AI story will be led by operators and non-software founders, impacting org design as much as IT spend. Check out the rest of our 2026 predictions in the link in the comments.

What will define 2026? Measurable AI ROI, data infrastructure and trust as a competitive edge. 2026 is the year of tangibility. The gap between technological promise and real-world impact will narrow. Potential becomes proof. Hype becomes measurable value. Systems get stress-tested. Infrastructure catches up to ambition. And leading companies are the ones building durable foundations: efficient infrastructure, fresh data, credible governance, human trust at scale. Founders in our constellation, along with our partners and sector experts, shared what they believe will define the next year of economic dualities, regulation and realignment, infrastructure innovation, monetization and human trust. Check out their 2026 predictions in the link in comments. To kick us off below, Karl Alomar, Andrew Burt (Luminos.AI), and David Yaffe (Estuary) talk infrastructure and economics as outcome-deciders and platform shifts as structural advantages. Carter Reum Latif Peracha Matt Hoffman Anna Barber Brent Murri Rob Smith Morgan Blumberg Win Chevapravatdumrong Sarah Tomolonius W. Christine Choi Mark Grace Evan Richardson

“I don’t think you can overestimate the power of holding stablecoins and digital dollars,” said M13 partner Latif Peracha on stage at WSJ Tech Live in Doha with OpenFX founder Prabhakar Reddy and The Wall Street Journal reporter Miriam Gottfried. Tune into their conversation on the role of stablecoins in the future of finance at https://lnkd.in/gKeVqg8e Thanks to Loannes Marc for the great photos!

Healthcare is in a moment of reckoning, writes M13 portco RadiantGraph founder Anmol Madan. Regulatory shifts and the growing expectations of digital native healthcare consumers are exposing inefficiencies the industry can no longer ignore. Cost pressure, staffing shortages and shifting care models demand something more scalable and sustainable. “AI isn’t a magic wand,” Anmol says. “But when it’s applied where it matters, turning generic outreach into personalized, closed-loop workflows that save staff time, improve member experience, and keep coverage and care on track, it can feel like one.” Read how AI is streamlining and scaling healthcare outreach by replacing manual, fragmented workflows with personalized, scalable automation at https://lnkd.in/gjZaUjnW

M13 portco Form Health is on Inc. Magazine's 2025 Best Workplaces List 👏 Congrats to founder Evan Richardson and team on co-creating a culture where people feel connected to their work, supported by their teams, and aligned with Form's mission to change lives through science-based obesity care. And if you're interested in joining the team, check out their open jobs at the link in the comments. 📸 : Evan speaking at a past Future Perfect event

Congrats to Jonathan Corbin, Sami Shalabi and the whole Maven AGI team on being recognized on Inc. Magazine’s Best in Business list for 2025 in the Best Startups and On the Rise categories! M13 is so proud of you and Maven’s AI-native operations layer for the modern enterprise. More on Maven at the link in the comments. 📸 : Jonathan and Sami with M13 partner Anna Barber!

We used to have landlines, then we had voice-over IP. It was a bit of a transition to go from old world to new world—and then it was here very quickly. That same thing is happening in fintech, said M13 partner Latif Peracha on stage at WSJ Tech Live in Qatar, where companies like OpenFX are now moving money much cheaper and almost instantly. “You’ve got an archaic financial system that I think is going to get upended. It’s incredibly exciting to be in the early days of a tailwind that we think is going to be prevalent and make life better for institutions and consumers,” Latif said. “If that all works, you’re looking at a world that has greater output, greater GDP because of the way money can move quickly across the world.” See the full talk with OpenFX co-founder Prabhakar Reddy and The Wall Street Journal reporter Miriam Gottfried at the link in the comments.

To the SF teams in stealth mode working hard to turn ambition into reality: you don’t have to be loud to be noticed. We see you. M13 and our friends at Bain Capital Ventures (BCV) know how hard you work and how rarely you stop to celebrate. So we teamed up to host a holiday party worthy of your ambition. And because even stealth companies deserve a little star wattage we surprised everyone with an unannounced DJ set from Paris Hilton the iconic opposite of stealth and a brilliant operator and undercover nerd. She showed what it looks like to own your narrative and, when the time comes, go big. We believe in showing up for early stage founders while you're building. When you’re still validating, iterating and inventing community matters most. Nights like these bring that community to life across SF to celebrate the people doing the hard quiet unglamorous work of creating the next wave. Huge thanks to Rho, Niural AI, Fenwick & West, Hughes Marino, Frank, Rimerman + Co. LLP for making it happen. And to all the teams still flying under the radar, we’re cheering you on. And when you’re ready to step out of stealth we’ll be ready to help you shine. Allison Braley Liz Cherson, CMP, CMM, MBA Whitney Hazard Brent Murri Carter Reum Morgan Blumberg Mark Grace Amedeo Lorenzotti W. Christine Choi Matt Hoffman Arbo Shah Abby Weisman

M13 and our portfolio of tech startups are building the future. Want to join our constellation? Our portfolio companies are hiring ⬇️ 💫 Account exec at Luminos.AI: https://lnkd.in/gBeg7Ph4  💫Social media strategist at Robyn 🪺: https://lnkd.in/gukUWfJt  💫 Treasury ops, marketing, and engineering at Rho: https://www.rho.co/careers  💫 Office management, marketing, legal, and more at Allocate: https://lnkd.in/gAE4fj2n  💫 Design and engineering roles at Anything: https://lnkd.in/gtBwE-HE  💫 Physicians and nurse practitioners at Form Health: https://lnkd.in/dZUp2V6p 📸 : Robyn (and Rho!) lit up in Times Square, Form Health team at Obesity Week, and the Anything crew in the office

M13 co Anything is building the future of vibe coding. Below, see why app builders choose Anything Max to bring their ideas to life. Dhruv Amin Marcus Lowe Brent Murri

Great energy on stage at WSJ Tech Live Qatar ⚡ Latif Peracha (M13), Prabhakar Reddy (OpenFX) and Miriam Gottfried (The Wall Street Journal) had a lively, deeply informative conversation on the role of stablecoins in the future of finance. They covered regulation, real-world adoption and what’s coming next in innovation and traditional finance. Thank you for hosting us WSJ! Karan Shah

Get to know Waleed Atallah and learn how M13 co Mako makes AI go faster ⬇️

Pricing in AI has officially hit the “funhouse mirror” stage. As Marc Vartabedian reports in The Wall Street Journal, usage spikes, outcome-based fees and shifting definitions of ARR make it harder than ever to know what revenue really means. Founders now have more pricing flexibility in an AI usage based world— and far more scrutiny. M13 partner Anna Barber captured the core issue with AI usage models: “Very quickly the value devolves to nothing because you have an AI recruiter talking to an AI candidate.” Not all growth is real growth, especially when AI-on-AI activity inflates the signal. Read more at the link in the comments. 📸 : Anna on the mic at LA Tech Week

With the launch of Niural Cash Reward Program, running payroll now creates literal value. Thanks to its proprietary payments infrastructure, every dollar moving through Niural AI earns float and yield, transforming routine expenses into working capital opportunities. For CHROs and CFOs, this is a major unlock: 💸 Same-day payroll with cash rewards 🔁 Intelligent treasury management baked into HR ops 🧠 Fully AI-powered execution via EMMA Niural is modernizing legacy infrastructure by rewriting the rules of enterprise finance. We’re proud supporters of Niural since the very early days as Nami Baral, Nabin B., and their team help businesses move money, think with money – and now grow money.  Learn more about Niural Cash Rewards → https://niural.com/wallet Morgan Blumberg

Private markets are becoming a foundational element of modern portfolio construction - and it's creating a foundational change across modern wealth management. "Wealth advisors need the same caliber of access but with a more robust, streamlined workflow, compliance guardrails, and data that flows into their everyday tools. Ultimately that’s still just the beginning,” Peter Epstein, managing director at M13 co Allocate, told InvestmentNews. “It’s about how advisors leverage technology to deliver better client outcomes and more personalized alternative allocations that are bespoke to that specific client's risk, return, liquidity, and personal considerations. That can only happen on an infrastructure that is designed for that level of personalization.” Allocate is that infrastructure. Co-Founders Samir Kaji, Hana Yang, and team are equipping wealth advisory firms with the modern, intelligent infrastructure they need to seamlessly build and manage high-quality alternative portfolios with one modern technology interface. Learn more about the defining forces shaping the future of wealth management and how tech eases the burden for advisory firms at https://lnkd.in/eg-Samgw

A big tech expo reminded M13 partner W. Christine Choi that friction slows us down enough to care and be cared for. "And friction, in a world obsessed with efficiency, is radical," she writes. In her latest post, she writes about how friction slows us down just enough to bump into each other, for unscheduled collisions, for pause and curiosity and exchange. She writes about how the disorientation of unfamiliarity and uncertainty might soften us---and that's how presence begins. Read her thoughts about friction, connection and why some of her favorite Web Summit moments were the ones that happened offstage: https://lnkd.in/eCUnkQFu 📸 : Christine with Ari Kuschnir, Schuyler Brown, and Alice Chan

We opened our new San Francisco office a few weeks ago and filled it in the only way that felt right: with founders, operators, LPs, teammates and friends who make this work meaningful. Our first San Francisco Friendsgiving was a reminder of why we do what we do: community, momentum and the joy of building alongside people we admire. Happy to always be #BrighterTogether 🧡 Karl Alomar, Win Chevapravatdumrong, Whitney Hazard, Brent Murri, Jenny Shao, MD (Robyn 🪺), Andrew Luong (Doorvest), Rima Reddy

On the Failing Up podcast with Claire Barthelemy, Sitch co-founder Nandini Mullaji talked about how her dating app is doing things differently: - Concierge dating: an AI matchmaker that learns about you, reflects with you, and improves your matches based on real insights. Slow + intentional - no more swiping left and right through hundreds of bad matches. It's the magic of a human matchmaker + AI that can do it at scale. - No monthly subscription. Sitch is the first dating service that you pay when you get results: IRL dates. Tune in at the link in the comments for more on Sitch + the future of modern dating. Anna Barber Chad (Charles) DePue 📸 : Image via Sitch from their Austin launch!

Stablecoins have become the foundation of the next monetary revolution. And few investors understand what that means for financial markets better than M13's General Partner Latif Peracha. Next week at WSJ Tech Live in Qatar, Latif will join The Wall Street Journal’s Miriam Gottfried and OpenFX founder Prabhakar Reddy to unpack fintech trends and what’s already quietly reshaping the financial stack. Consider the backdrop: - Treasury Secretary Scott Bessent projects $3T in stablecoin-driven demand for dollars and Treasuries by 2030 - OpenFX scaled from $8B to $34B in monthly cross-border volume in five months - Central banks, regulators and global institutions are racing to define who controls stablecoins and movement across borders The panel will explore how neutral, compliant infrastructure like OpenFX might stabilize rather than destabilize global markets and what institutional investors need to understand about ownership, risk and the new pipes of capital movement. From cost savings to structural speed, from demo to infrastructure, this is the global financial rails story unfolding while everyone’s eyes are on AI.

Thanks to everyone who joined us to celebrate the new M13 office in SF! Whitney Hazard Brent Murri