$100T is managed by “human duct tape” | E2308

This Week In Startups is made possible by:Northwest Registered Agent https://northwestregisteredagent.com/twistVanta https://www.vanta.com/twistSentry https://sentry.io/twistToday’s show:*There are $100 trillion in global assets sitting on top of what Hanover Park co-founder/CEO Chris Hladczuk calls “human duct tape”: armies of accountants in offices patching together work from various legacy tools (QuickBooks, Excel) that are holding funds’ own data hostage. Can all of this be replaced with AI? Find out how their startup went from overseeing $1B to $20B in assets in just 15 months.PLUS, we flash back to March 2020, when Jason and Figma co-founder/CEO Dylan Field broke down the design tool’s initial go-to-market strategy, made some WILDLY inaccurate COVID predictions, and considered anxiety about “SaaS burnout” years before the category went full apocalyptic.Guests:Chris Hladczuk on X: https://x.com/chrishladHanover Park: https://www.hanoverpark.com/Dylan Field: https://x.com/zoinkFigma: https://www.figma.com/Relevant Links:Turner Novak on X: https://x.com/TurnerNovakBanana Capital: https://www.bananacapital.vc/Emergence Capital: https://www.emcap.com/Lux Capital: https://www.luxcapital.com/Susa Ventures: https://susaventures.com/Bill.com: https://www.bill.com/METR: https://metr.org/Granola AI note taker: https://www.granola.ai/Vanta: https://www.vanta.com/Foo Camp on YouTube: https://www.youtube.com/c/foocampTechCrunch Mahalo coverage: https://techcrunch.com/2014/01/27/inside-mobile-news-launch/Timestamps:0:00 Hanover Park & the fund admin problem3:32 Why funds outsource instead of building5:44 Why fund accounting is so complex10:38 The "one-click migration" goal10:48 Northwest Registered Agent - Get more when you start your business with Northwest. In 10 clicks and 10 minutes, you can form your company and walk away with a real business identity — Learn more at https://northwestregisteredagent.com/twist13:51 Context vs. intelligence gaps16:11 No PMs, No Designers20:46 Vanta - Get $1000 off your SOC 2 at https:/