Former Founders Fund VC Sam Blond launches AI sales startup to upend Salesforce 

Former Founders Fund VC Sam Blond launches AI sales startup to upend Salesforce 

The Blond Brothers’ Bold Gambit: Monaco Aims to Rewrite the Rules of AI Sales

When Sam Blond walked away from Founders Fund just 18 months into his venture capital career, the tech world buzzed with speculation. Was this another case of a high-profile operator realizing VC life wasn’t for them? Or was something bigger brewing? The answer arrived on Wednesday with the stealth emergence of Monaco, a startup that’s not just entering the AI sales automation space—it’s attempting to redefine it entirely.

Blond’s return to “operating” has proven anything but conventional. Alongside his brother Brian—a partner at Human Capital with his own impressive sales pedigree—and co-founders Abishek Viswanathan (formerly CPO at Apollo and Qualtrics) and Malay Desai (ex-SVP of engineering at Clari), Monaco has quietly amassed $35 million in funding. The round was led by Founders Fund (the irony isn’t lost on anyone), with participation from Human Capital and an all-star roster of angel investors including Stripe’s Collison brothers, YC chief Garry Tan, and Greenoaks Capital’s Neil Mehta.

But in a market flooded with AI sales tools promising to automate everything from prospecting to closing, what makes Monaco worthy of such heavyweight backing? The answer lies in Monaco’s contrarian approach: human expertise embedded within AI automation, not replaced by it.

The Crowded Battlefield of AI Sales

To understand Monaco’s ambition, one must first grasp the battlefield it’s entering. The AI sales automation space has become one of tech’s most congested arenas. Y Combinator alone has graduated hundreds of sales startups in recent years, while established players like HubSpot, Salesforce, Zoho, and ZoomInfo race to integrate their own AI capabilities.

The landscape features everything from AI CRMs like Attio and Clay to specialized tools like Conversion, which raised $28 million for AI marketing automation. Then there’s the “AI SDR” category—startups like 11x, Artisan, and 1mind that explicitly position themselves as human replacements, using autonomous agents to handle entire sales workflows.

Monaco’s founders are acutely aware of this crowded field. “There definitely is not the ‘Cursor for sales’,” Sam Blond admits, referencing the breakout AI coding tool that became an instant category leader. “But there will be.”

The Monaco Difference: Humans in the AI Loop

Where Monaco diverges dramatically is in its philosophy about human involvement. While competitors trumpet their ability to replace sales development representatives entirely, Monaco has built its platform around experienced human salespeople who work alongside AI agents.

“We can replace full workflows with agents,” Blond explains. “We build a database of prospects, identify the exact people at target companies to pitch, and orchestrate the sequence. We schedule meetings.” But critically, Monaco’s human experts monitor the AI’s work, ensuring accuracy and training the system to improve.

This approach addresses one of AI’s most persistent weaknesses in sales: hallucination. An AI agent pitching a product it doesn’t truly understand can create embarrassing, credibility-destroying moments. Monaco’s human-in-the-loop model prevents this while still automating the tedious aspects of sales work.

The platform includes an AI-native CRM, a proprietary prospecting database built from scratch, email campaign automation, follow-up drafting, and meeting transcription. But the meetings themselves? Those remain firmly in human hands. “Monaco does not have an agent pretending to be a sales rep trying to sell to the customer,” Blond emphasizes.

Targeting the Next Generation of Startups

Monaco’s initial focus is on seed and Series A startups—companies too young to afford dedicated sales teams but sophisticated enough to benefit from advanced sales technology. This positioning puts them in direct competition with HubSpot rather than Salesforce, targeting the segment that needs powerful tools without enterprise complexity or pricing.

The pricing model remains under wraps, described only as a flat fee currently discounted during the public beta period. But the value proposition is clear: access to AI automation plus human sales expertise at a price point accessible to early-stage companies.

The Founders’ Journey: From Sales Floors to AI Frontier

The Blond brothers’ journey to Monaco reads like a Silicon Valley case study in itself. Sam’s career includes stints as head of sales at Brex and leadership roles at other high-growth startups. Brian’s path through Human Capital and Sutter Hill gave him investor perspective while maintaining deep operational experience.

Their decision to focus on sales technology wasn’t arbitrary. “As a non-technical founder, there’s really only one type of technology company that I’m qualified to be the founder of: a sales technology company,” Sam says earnestly. This self-awareness has translated into a product built by people who understand sales at a visceral level.

Company Culture: Where Sales Meets Silicon Valley

A visit to Monaco’s office reveals a culture that celebrates sales excellence with almost military fervor. WWII-style motivational posters adorn the walls with slogans like “Save Startups” and “Build the future with Monaco.” An office gong rings out triumphantly whenever the AI successfully lands a meeting—a ritual that keeps the entire team connected to their mission’s success metrics.

With approximately 40 employees, all drawn from sales backgrounds, Monaco has created an environment where sales expertise and technical innovation intersect. This cultural foundation may prove as important as the technology itself in executing their ambitious vision.

The Platform Shift Thesis

Blond’s conviction about Monaco’s potential rests on a broader thesis about technological transformation. “In the broad category of sales technology, there’s a market leader right now. That market leader is Salesforce,” he states. “We are in the early innings of the next platform shift that will lead to a new market leader.”

This belief—that AI represents a fundamental platform shift comparable to the move from on-premise software to cloud computing—drives Monaco’s aggressive positioning. While Salesforce and its contemporaries were built for a different technological era, Monaco is being constructed natively for an AI-first world.

The Road Ahead

As Monaco transitions from private to public beta, the real test begins. Can they execute their human-in-the-loop vision at scale? Will early-stage startups embrace a model that combines AI automation with human expertise rather than pure automation? And most importantly, can they differentiate themselves sufficiently in a market where new competitors seem to emerge daily?

The backing from Founders Fund—the same firm Blond recently departed—suggests confidence that extends beyond personal relationships. It indicates belief in Monaco’s unique approach to a problem that has vexed sales organizations for decades: how to scale personalized, effective outreach without losing the human touch that ultimately closes deals.

Whether Monaco becomes the “Cursor for sales” that Blond envisions, or joins the long list of well-funded startups that couldn’t quite crack the code, one thing is certain: the Blond brothers have chosen to compete in one of tech’s most challenging arenas with a strategy that defies conventional wisdom. In a world rushing toward full automation, Monaco is betting that the future of sales lies in the intelligent integration of human and artificial intelligence.


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