~2,500 words on what I think is the biggest thing going on in venture
1,500 words on where I think the future of venture is headed
Our updated list of non-obvious things we've noticed
How new school VCs are building their pipeline, finding signal, and lapping their competition
96 mental models used by investors at Sequoia, Benchmark, Accel, and others
Our latest breakdown of what you can expect to earn as a full-time investor
AI trends and where the world is going, the boomer vs. new age VC stack, Storm Ventures' decision-making process, and the GitHub cofounder is raising a new fund
Thoughts on recurring revenue vs. annual run rate, underwriting small funds on potential, and the investors who have backed the top 100 AI companies
How to find asymmetric opportunities, it's a bad year to be an emerging manager, why there is so much VC turnover, and how Technology Brothers have taken over the internet
Plus what they're building, easy shouldn't be confused with fun, how to be more lucky, and what all you missed from earlier this week
Math on why picking shouldn't be your moat, six types of seed investors, a 10-year look at Series B trends, and some bad data for tall founders
Why LPs are more aligned with small funds, how traditional buying journeys are being disrupted with AI, the state of venture today
Getting in vs. getting out of positions, pre or post-fall and the idea of hitting bottom, plus Redpoint and Work-Bench raise massive new funds
Why LPs back fund managers, the risk aversion of venture, Granola announces new funds, and Chime is filing to go public
The pre-seed bubble, the measure of multi-billion AUM funds, the true cost of churn, and nobody knows what an AI agent is
Founders becoming GPs, 12 ideas from Don Valentine, the newest distribution channel to unlock, and five memos on early-stage companies we like
What YC is looking for, the 21 biggest stories affecting venture, and who is winning the search war
Why we're bullish on the company building human-in-the-loop agents
