The good, the bad, and the outlook
The best things I found on X this week, digging your moat through typing a sequence of keys, and the importance of sales rep math
Founder errors of the past and present, second-order effects of intelligence becoming cheaper, how to think about investment time horizons in today's world, and why infrastructure matters more than algorithms
Escaping the venture treadmill, megafunds and the great re-risking, the year of the $1b secondary, and some VC returns data
Niche LPAC questions, the future of software companies, TechCrunch gets sold, and 23andMe is filing for bankruptcy
Data on FF returns, creating leverage for AI-first teams, how VCs actually add value
The CEO of AngelList on why scout funds are the best-kept secret in venture, scaling up a fund and moving on to zero-sum games, the biggest issue in private markets, and every company becoming an AI company
How Cendana keeps winning, find PMF or beg for approval, the new economic order, a new fund pops up to lure founders from school
Comparing the threat of leaving in VC vs. PE, thoughts on the Cendana model, Rippling vs. Deel updates, and Rex Woodburry (Daybreak) announces fund I
Some thoughts around building a practice of investing into emerging managers, venture aesthetics of great fund websites, the solo founder movement, our latest memos and market maps
Some good news for emerging managers, original thoughts from Shaan Puri, YC founders are raising less, how to be antifragile in the age of AI
The companies building more efficient finance departments by creating more leverage for CFOs
