The best founding teams play strategic chess — but also live in the details. This is how Andrew W. & Linda Du have built Valon, the AI-native infrastructure company transforming mortgage. Valon is a great example of how the biggest AI opportunities aren’t always shiny new apps — they’re old industries hiding in plain sight. The team: 🏦 Built a national mortgage servicer to prove their technology works. They now power 1 million+ loans as a top-10 U.S. servicer ⚙️ Took traditional servicing from 5% to 70% margins, replacing manual ops with LLMs and monetizing float & payments. 🚀 Hit $100 M+ ARR with no marketing or sales team — entirely founder-led and product-driven. 💡 Now their enterprise SaaS platform is being adopted by the largest players in the space who don't want to be left behind as AI transforms the industry The Valon team is hiring across engineering, FDE, PM and more. If you want to get a sense of what it's like to work with a high velocity, biased towards action team - listen to Miguel Armaza great podcast! (link in comments) Hongxia Zhong Jake Mintz Marisa Rackson Ariel Brito Brian McGrath
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Yay Jake Mintz
It’s amazing how much there is still to be done in tech laggard spaces like insurance and mortgage. Encouraging to see that smart people are still challenging these big problems.
It is so true how you said that the biggest opportunity lies transforming old legacy systems.
Impressive! Turning old industries into AI opportunities takes real vision. Hopeful I can get there with my own startup!
Valon has a lot of work to do. I have even contacted people who have complained about Valon. I learned my rights real fast but it’s because I am at a loss with my first homeowners mortgage company. Valon did not pay my homeowners insurance from my escrow account and I have suffered tremendously each and every day with threats, harassment, shame, anger, and there are 2 or more residents that are planning on suing me…., not to mention MY attorney fees.
So impressive.
General Partner, Andreessen Horowitz
3whttps://fintechleaders.substack.com/p/valons-ceo-sold-100m-without-a-sales