We needed to be reminded more than we need to be taught.

We onboarded a large firm to Hanover Park and they've been testing out the product for the past week.... In that time, we've shipped 5 new features including: 1) Gross/Net IRR toggle 2) Portfolio Management multi-currency toggle 3) KPI visualizations 4) Customizable charts across founder email updates + KPI collected data 5) Company level IRR cashflow drilldown This should be the standard with your most important vendor.

You know you have a cracked engineering team when you ship so many product updates it's hard to keep track.

Last Tuesday, a VC partner cut me off mid sentence. "I feel like Rip Van Winkle. I was stuck with technology and tools that were a hundred years old. Now, I'm waking up and this is the future." This was a routine onboarding call. But he got excited by our AI portfolio management product that extracts ~150 key terms from deal docs to get latest valuations, ownership %, common co-investors and legal rights. He loved our AI auto-categorization of cash transactions that enabled closer-to-real-time data access. And he loved our AI Inbox Analyzer that automatically pulls in portfolio company email updates and board decks to summarize + centralize. But my favorite part? How excited he was hearing our product roadmap.

How I shocked a $2 billion VC fund CFO who was drowning in 400 pages of legal docs: 3 minutes into a @hanover_hq demo this CFO looked sad. He started sharing his screen with a massive Excel file. His finance team would painstakingly search 400 pages of legal documents for each financing round to pull: • Fully diluted ownership % • Co-investors • Latest post money valuation • Legal rights Then made google drive document links for each value. It was painful and error prone… but important. I had the biggest smile on my face because I had not showed him our AI Portfolio Management product yet. We built a 10x better version of his exact painpoint. = AI extracts ~150 key terms from a closing set to automatically populate and tag the data The best part? We don’t charge for it. It’s bundled into the same cost as core fund admin services. It was a magic moment.

Why does (almost) every CFO hate their fund admin? 1) No data transparency You can’t access your own financial data. You’re stuck emailing someone for a basic P&L or balance sheet. How @hanover_hq solves It: Instantly access your general ledger and download any cut of your financial data at any time. 2) Everything is Stale You wait for your fund admin to deliver financials 45 days after the quarter. You have no clue what your investments look like today. You can’t calculate Net TVPI. You can’t see your deal by deal IRR in real-time. How Hanover Park Solves It: AI Agents auto-categorizing cash transactions and near real-time financial data. No more waiting months. 3) Everything is Slow It takes days to do a basic capital call. You can’t receive deliverables without multiple days of turnaround time. How Hanover Park Solves It: One of our customers did a capital call in 5 minutes last week. Automate the basic processes so our services team is freed up to delight the customer. — TLDR: 1. No data transparency 2. Everything is stale 3. Everything is slow Hanover Park is obsessed with doing the exact opposite.

Is it time to switch off of Hubspot? What's the best AI-native CRM?

Do whatever it takes to win. • Sleep inside a customer’s office during migration • Endlessly pursue the best employees • Fly across the world for a pitch It's the only way to have 0 regrets. (and sometimes it’s entertaining too)

Don't raise venture capital if you want work-life balance. Raising venture means you sign a commitment to build a public company. Your job is to do whatever it takes to win. So why do people say work-life balance is possible? Let's just state the facts. Your odds are 0.00006%. You're competing in the Olympics of Business. But you think you can win an Olympic Gold Medal training half the time? To me, it's delusional. I don't think I'm 2x more talented than everyone else... so I can't work 40 hours when others work 80 hours. Sound crazy? Don't raise VC. Bootstrap your company and work 9-5.

In 2008, Airbnb tried raising $150K at a $1.5M valuation. Today, Airbnb is worth $87 billion. But a VC rejected them because “the market is too small”. The greatest founders expand their market.