Tod Sacerdoti (Flex GP and Pipedream CEO) on seed at scale and SaaS mispricing

Tod Sacerdoti is the CEO and co-founder of Pipedream, which recently sold to Workday. Tod is also a general partner at Flex Capital, where he's invested in over 400 companies including Chime, Vercel, Replit, CodeRabbit, Mercury, and many others. He previously founded BrightRoll, a programmatic video advertising platform that sold to Yahoo for $640 million in 2014. 

In this episode of Summation, Tod and Auren discuss:

• Why seed investing has the highest annualized returns of any venture asset class
• First-gen AI companies being the most vulnerable to AI disruption
• QSBS and why it's the most important tax benefit nobody talks about
• The founder code and what happens when people break it

You can find Auren Hoffman on X at @auren and Tod Sacerdoti on X at @tod