◆ BULLETIN
Hang: $16M Series A led by Paradigm Co-founder & CEO: Matt Smolin Formerly CEO of Headliner (2017-2021) Cap table: Tiger Global · Thirty Five Ventures · Night Ventures · Shrug Capital Now positioning: "The First AI Platform Built for Marketers" Customers: Just Salad · Jeni's · Boba Guys · Killer Burger · Taziki's Based: New York, NY · 55 employees
◆ Profile / Founder · Operator

Matt Smolin

He raised sixteen million dollars to sell brands NFT memberships. Four years later he sells the same brands a marketing dashboard. The customer list barely changed.
Role
Co-Founder & CEO, Hang
Based
New York, NY
Stage
Series A · $16M
Lead Investor
Paradigm
Prior
CEO, Headliner
Educated
UT Austin · McCombs
◆ The Story

An operator who keeps
rebuilding the same idea
until the market catches up.

Matt Smolin runs Hang, a New York software company whose homepage in 2022 promised to reinvent brand loyalty by putting membership tiers on the blockchain and whose homepage in 2026 promises to reinvent brand loyalty by putting an autonomous AI agent between a restaurant chain and its top five percent of guests. The company is roughly the same size, sells to roughly the same buyer, and is backed by roughly the same investors. Only the noun in the middle of the sales deck has moved.

This is a strange and, on close inspection, coherent career. Smolin studied finance at the McCombs School of Business at the University of Texas in the years right after the 2008 crisis, and went into the trade the diploma pointed toward. He was a trainee at Group One Trading in 2013, an exchange-traded derivatives sales trader at UBS by 2014, then at Gelber Group, then a research analyst covering private equity and venture at Hall Capital Partners. The résumé through his mid-twenties is the résumé of a person about to spend the next thirty years pricing options in a Chicago office park.

He did not do that. In 2017 he co-founded Headliner, a fan-engagement platform pitched around ticket-gated experiences for artists and their audiences. He was CEO through November 2021, at which point he stepped away and, almost immediately, co-founded Hang. The two companies solve close-adjacent problems. Headliner was ticket-gated. Hang, in its original form, was token-gated. In both, the customer is a brand or an artist trying to identify its most valuable fans and give them something the merely curious cannot buy.

Hang raised its Series A in July 2022, a moment when the phrase "NFT-powered membership platform" still cleared conference-room tables. Paradigm led. The rest of the round read like a Rolodex nobody had ever assembled before: Tiger Global, which was writing crossover checks into anything with software revenue; Good Friends, the consumer-focused firm from the founders of Warby Parker and Harry's; Kevin Durant's Thirty Five Ventures; MrBeast's Night Ventures; and Shrug Capital, which specializes in aesthetically self-aware early stage rounds. The narrative was that Budweiser was going to sell you an NFT that unlocked stadium suites, that Bleacher Report would issue collectibles, that Pinkberry would tokenize your yogurt punch card, and that Hang would be the picks-and-shovels vendor behind all of it.

That narrative did not fully materialize. What did materialize, quietly, was a customer list of consumer brands who did not particularly care about the NFT part. They cared about the loyalty program part. And they cared even more, once the crypto trade wound down and the AI trade wound up, about a piece of software that could take their transactional data, clean it, segment it, and send the right offer to the right customer at the right hour of the right day. So Hang's homepage in 2026 says: "The First AI Platform Built for Marketers." The word "Web3" does not appear. The word "NFT" does not appear. What appears instead is a customer roll call that would look at home on the trade-show floor at a National Restaurant Association meeting: Just Salad, Jeni's, Killer Burger, Boba Guys, Taziki's.

The pivot is real, but describing it as a pivot slightly overstates the change. A person who watched Hang closely between 2022 and 2026 would say the company kept doing what it always did - taking on a mid-market consumer brand, ingesting its customer data, and running the loyalty program - and periodically restated what a loyalty program was. In 2022 a loyalty program was a wallet address holding a token. In 2026 a loyalty program is a machine-learning model outputting a next-best offer. The person on the receiving end, the marketing director at a fifty-unit burger chain in Portland, cares mostly about redemption rates and lifetime value. Smolin, having spent years selling to that person, appears to have concluded that the buyer's preferences change more slowly than the industry's vocabulary, and has aligned his vocabulary accordingly.

This is, as software careers go, unusually literal about the thing every founder claims to have done. "We pivoted while keeping the same customer" is a line you hear at panels. Hang appears to have actually done it. The company still lists 55 employees on Apollo, still runs out of New York, and still counts Paradigm on its cap table. Smolin, per his own posts on LinkedIn, still spends most of his time selling. The people he sells to still want the same thing they always did, which is more revenue per guest and lower cost of acquisition. He gives them software. The software has a different label on it now.

The most Smolin-specific detail may be the Twitter handle: @Estimatted. It reads like the running joke of someone who once spent nights modeling implied volatility and now runs a company whose entire selling point is prediction. Estimating - customer lifetime value, next-best offer, the odds a lapsed guest returns after a targeted push - is what Hang does. He named himself after the job before he had it.

There is a version of consumer software history in which the loyalty layer becomes the CRM, and in which the CRM becomes the marketing agent, and in which the marketing agent operates autonomously on a brand's behalf between roughly ten in the morning and roughly two in the afternoon, when the marketing director is in a meeting. If that version arrives, Hang is well positioned for it, in part because Smolin has spent five years selling roughly the same product to roughly the same people under three different names. The trick, he seems to have decided, is not being right about the wrapper. The trick is being right about the customer.

The Series A, in Roman numerals.

$16M
Series A
2022
Round Closed
55
Employees
4
Co-Founders
◆ Cap Table

Who wrote checks.

The July 2022 Series A landed Paradigm in the lead - a firm not historically known for restaurant SaaS - alongside a group of names that read less like a syndicate and more like a group text.

◆ Series A investor roster (approximate visual weighting)
Paradigm
Tiger Global
Good Friends
Thirty Five Ventures
Night Ventures
Shrug Capital
A new way to shepherd in a new relationship between consumers and brands. — Matt Smolin, on the $16M round · TechCrunch, July 2022
◆ Career Timeline

Trading desk to token-gated to AI.

2009-2013
BBA, Finance - McCombs School of Business, University of Texas at Austin.
2013
Trader Trainee at Group One Trading in Chicago.
2014-2015
Exchange-traded derivatives sales trader at UBS Investment Bank.
2015
Trading roles at Gelber Group.
2016
PE & VC research analyst at Hall Capital Partners.
2017
Co-founds Headliner, a ticket-gated fan platform. Serves as CEO.
2021
Leaves Headliner in November. Co-founds Hang shortly after.
2022
Hang closes $16M Series A led by Paradigm.
2024
Speaks at Shoptalk. Contributes to Adweek and Unite.AI.
2025-26
Hang repositions the homepage as "The First AI Platform Built for Marketers."
◆ Customers, Then & Now

The list nobody talks about.

Then (2022)

  • Budweiser
  • Bleacher Report
  • Pinkberry
  • Superfly (festival group)

Pitched as: Web3-powered membership.

Now (2026)

  • Just Salad
  • Jeni's Splendid Ice Creams
  • Boba Guys
  • Killer Burger
  • Taziki's Mediterranean Café

Pitched as: AI marketing platform.

◆ Notes

Small, specific things.

The Handle

Smolin's Twitter is @Estimatted. It reads like a joke a derivatives trader would make about his own job. He named himself after the work before he built a company that did it at scale.

Two Foundings, One Idea

Headliner was ticket-gated. Hang was token-gated. Both let brands or artists identify their top fans and price the difference between real interest and casual browsing.

The Vocab Move

Hang's product did not change fundamentally between 2022 and 2026. The public description of it did. The word "blockchain" is gone from the homepage. The word "autonomous" is in.

Buyer Persona

A marketing director at a 20-to-200-unit consumer brand. Same person Punchh, Paytronix, Thanx and Marsello are chasing. The category is quietly big.

The Round

Paradigm led. Tiger Global followed. Kevin Durant and MrBeast wrote checks through their respective firms. The syndicate is not a syndicate you would assemble twice.

Team

Co-founded with Brian Bendett, Chad Fox and Oluwatobi Oduah. Roughly 55 people, headquartered in New York.

◆ FAQ

Common questions.

Who is Matt Smolin?

Co-founder and CEO of Hang, a New York customer engagement and loyalty platform that raised $16M in Series A in 2022.

What did Hang do before it was an AI platform?

Hang launched in 2021 as an NFT-powered membership platform for consumer brands. Its $16M Series A in July 2022 was led by Paradigm.

What company did Smolin run before Hang?

He co-founded Headliner in 2017 and served as its CEO until November 2021.

Where did he go to school?

McCombs School of Business at the University of Texas at Austin, BBA in Finance, class of 2013.

Which brands use Hang today?

Publicly cited customers include Just Salad, Jeni's, Boba Guys, Killer Burger and Taziki's. Earlier work involved Budweiser, Bleacher Report and Pinkberry.

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