Mercury vs Ramp

Introducing Mercury Books

Mercury has launched a new product called Mercury Books, a bookkeeping solution, and also introduced exclusive mutual fund products through Mercury Treasury.

Grok Bot Built in a Month by Small Team

Roman Ugarte, who led Growth at Cursor, details how he and a small team built Grok Bot for SpaceXAI from scratch in four weeks, then launched it publicly three weeks later. The article covers key decisions, such as building independently rather than integrating with Cursor, and the team's manual onboarding of nearly 300 initial users. Early product choices and a 'colleague-pilled' philosophy contributed to the bot's success. Roman also discusses moats and Cursor's competitive strategy.

• Grok Bot was built from scratch in four weeks by a small team at SpaceXAI.
• Roman Ugarte previously led Growth at Cursor, scaling it from 15 to over 1,000 employees before acquisition by SpaceX.
• The team manually onboarded nearly 300 of the first users.

Ramp is now live in the UK

Ramp announces its expansion into the UK market, marking a significant international growth milestone.

Ramp Launches in UK, Launches AI Token Spend Platform

US expense management startup Ramp has launched in the UK, its first market outside North America, following its acquisition of Swedish payments firm Billhop. Ramp, which competes with Brex, offers a unified platform for payments, corporate cards, vendor management, and automated bookkeeping. The company has onboarded UK customers since the summer, including ElevenLabs and Attio, and is highlighting its AI token spend intelligence tools. Ramp reports AI spending among its customers has grown 21 times since June 2025. It also announced a collaboration with Visa to support its UK corporate card offering.

• Ramp launched in the UK, its first market outside North America.
• Ramp acquired Swedish payment infrastructure firm Billhop earlier this year.
• Ramp raised $750 million at a valuation of $44 billion in June 2026.

Khosla Ventures Opens First New York Office on 14th Street

Khosla Ventures, a prominent Silicon Valley venture capital firm, is expanding to New York with its first office outside Sand Hill Road. The new outpost on 14th Street is expected to open this fall, according to partner Keith Rabois. The office will house several investors and feature an 'executive briefing center' where portfolio companies can meet with Fortune 500 companies. Rabois discussed talent density in New York, noting strong junior talent but challenges in hiring senior executives due to commuting. The move follows his relocation to the East Coast and comes as a CBRE report shows New York overtaking the Bay Area in tech talent headcount.

• Khosla Ventures is opening its first office outside Sand Hill Road in New York on 14th Street, expected this fall.
• The office will include an 'executive briefing center' for portfolio companies to meet with Fortune 500 companies.
• Keith Rabois confirmed the opening at TechCrunch's StrictlyVC event in New York.