About

Portfolio

Team

What's on our minds

Blogs, podcasts, interviews, and videos on the latest in thought leadership, industry trends, and investment decisions.

Blog

Our Vertical AI Thesis: Why Domain Expertise Wins the Next Era of AI

Every major technology transition follows the same arc: value concentrates at the infrastructure layer first, then to where domain expertise lives. That's why we're backing AI-native founders who earned the right to win long before the models caught up to them.

Read More

All

Blogs

Podcasts

Videos

The Block: Stablecoins Are Creating a New Financial System

Samantha Lewis and Dave Sutter, CEO of OpenTrade, join the Block's Kelvin Sparks and co-host, Ava Labs President John Wu on the Layer to break down the rapid growth of stablecoins and why yield infrastructure could become one of the most important layers of the onchain financial economy.

Building for What’s Next: Lessons from our 2026 CEO Retreat

We brought portfolio CEOs together for a full-day retreat built around the conversations that matter most right now: how AI is reshaping company building, what talent and capital markets actually look like in this environment, and how to navigate board and exit dynamics.

Insights from the 2026 Early-Stage GTM Report

Inbound is softening, the XDR win rate story flipped, and events are back. Key takeaways from the 2026 Early-Stage GTM Report, based on input from 125+ B2B GTM execs.

Building the Future of Agentic Commerce

Blair Garrou moderates a discussion on how AI can be applied in commerce - where software agents can search, decide, and complete transactions on a user’s behalf.

Mercury’s Blockchain Thesis: The Global Financial System Is Getting an Upgrade

The global financial system is getting an upgrade, driven by the convergence of traditional finance and blockchain infrastructure, and the founders building at that intersection right now are the ones who will define what comes next.

Our Vertical AI Thesis: Why Domain Expertise Wins the Next Era of AI

Every major technology transition follows the same arc: value concentrates at the infrastructure layer first, then to where domain expertise lives. That's why we're backing AI-native founders who earned the right to win long before the models caught up to them.

Self-serve insights for AI-native teams: Our investment in Dreambase

AI-first teams leading product, marketing, or engineering need to know what’s happening in their funnel and product - engagement rates, drop-offs, errors, etc. - and they need those insights now. We're thrilled to back Dreambase, whose building the insights layer for AI-native teams.

Building the solution to the $5T problem you’ve probably never heard of

By 2035, roughly 6M small and medium-sized businesses in the U.S. will face ownership transitions and 1M+ of those businesses are viable transfer candidates, representing up to $5T in enterprise value. That is exactly why we're interested in it. And why we recently invested in Rowan.

The New FDE Model: How to Deploy with Scale in Legacy Industries

Alex Gras moderates a discussion with three AI-native founders and executives who are leveraging the forward deployed engineer model to accelerate product development and build customer trust.

Modern Engineering in an AI-driven World

Dan Watkins moderates a panel on how AI is changing the way we view engineering paradigms, build team structures, and challenge traditional talent strategies.

Capitalize on Trends Without Compromising Profits: How to Position Your Startup to Succeed

Heath Butler guides a conversation on how to best leverage emerging market trends for startup success with two Mercury Fund portfolio founders.

The Right GTM Strategy for Your Startup

Aileen Allen moderates a discussion with three GTM executives who break down early-stage GTM best practices, from hiring to design to pricing.

AI Experts on Enterprise: Buying, Building, & Barriers to Entry

Heath Butler is joined by a panel of enterprise experts and venture-backed AI innovators for a dynamic conversation on AI adoption in the enterprise.

AI-First Scaling: Product & Operations in a Brave New Tech World

Adrian Fortino guides a discussion on what it really takes to scale product and operations in an AI-first world.

Why Stablecoins? The Future of Money Management with OpenTrade CEO Dave Sutter

Samantha Lewis interviews Dave Sutter, CEO of OpenTrade, on how OpenTrade is leveraging blockchain to create stablecoin infrastructure and yield for the next generation of financial services.

AI Hype vs Startup Success: Navigating Artificial Intelligence for Better Business

Heath Butler moderates a discussion with three vertical AI company executives to break down what’s real, what’s hype, and what’s next for the future of AI in the startup world.