A new trend is sweeping Silicon Valley where established startups aren't just pivoting - they're completely "refounding" themselves. Companies like Airtable, Handshake, and Opendoor are using this dramatic language to signal fundamental business model shifts, often tied to AI integration. It's not about admitting failure; it's about recapturing startup intensity in mature companies.
The startup world just got a new buzzword, and it's making waves across Silicon Valley boardrooms. "Refounding" is what Airtable, Handshake, and Opendoor are calling their latest strategic overhauls, and it signals something deeper than your typical corporate restructuring.
Airtable kicked off the trend in June with a bold declaration that caught the industry's attention. "Instead of just adding more A.I. capabilities to our existing platform, we treated this as a refounding moment for the company," the company announced, according to The New York Times. The collaborative database platform isn't just tweaking features - they're rebuilding their entire value proposition around AI.
Co-founder and CEO Howie Liu is adamant this isn't a pivot. "This is not about changing direction after getting something wrong," Liu told the NYT. The company considered softer language like "relaunch" or "transformation" but ultimately chose "the language of founding because the stakes feel the same." That's a telling admission from a company that's been around for nearly a decade.
The refounding movement reflects a broader reality hitting mature startups: AI isn't just another feature to bolt on. It's fundamentally changing how software companies think about their core products. Handshake, the career platform connecting students with employers, exemplifies this shift. Chief Marketing Officer Katherine Kelly describes their refounding as bringing startup culture "back into an existing business."
But refounding isn't just about technology - it's about recapturing the urgency that made these companies successful in the first place. Handshake told employees they're returning to five-day office weeks, "operating with a pace and number of hours that is meaningful and will help us hit goals," Kelly explained. It's a dramatic cultural reversal that signals how seriously these companies are taking their transformations.
Opendoor, the real estate technology company, represents another angle of the refounding trend. While specific details of their refounding remain limited, the company's inclusion in this movement suggests even real estate tech sees AI as a foundational shift rather than an incremental upgrade.
