📶 ~30% of deals are down rounds

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Good morning 👋

And Happy Monday.

The Olympics are over which means we’re back to having nothing to watch over the next few weeks until football is back.

Switching gears - here are the biggest headlines we read over the weekend.

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TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• 🗳 Poll

HEADLINES
More down rounds 📉

• Nearly 30% of VC deals are flat or down rounds (Pitchbook)

• Once High-Flying Software Firms Confront Sluggish Growth (The Information)

• US Series A And B Funding Picked Up in H1. What Does That Mean For Funding In 2024? (Crunchbase)

• Oyo valuation crashes over 75% in new funding (TechCrunch)

• Anysphere, a GitHub Copilot rival, has raised $60M Series A at  $400M valuation from a16z, Thrive (TechCrunch)

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LINKS

💡 Think Your Startup Idea Has to be Unique? Think Again: Embrace innovation over originality and it can lead to extraordinary success.

฿ Your Guide to Tokens—How to Design, Launch, Structure Rights, and More: a16z crypto continues a series of posts from the Token Launch Playbook series that covers token “do’s and don’ts”, the ins and outs of tokens as part of overall compensation and much more.

🗞️ Q2 Releases & Product Updates from AngelList: New features across AngelList’s product offering for funds, investors and founders.

👷‍♂️ Selling His Own Startup was Painful, So He Built an 8 figure M&A Marketplace: In Just 4 years, Andrew Gazdecki turned his M&A headaches into a thriving marketplace, helping over 1,000 founders exit with over $500m in total acquisitions.

📝 Writing a Job Description: How you word or phrase what you’re seeking greatly impacts who is attracted to the opportunity and the people you end up bringing on to the team full-time.

📶 Startup Pitch Deck Notion Template: Our go-to pitch deck template

TWEET

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FUNDS

P.S. 👉 If you’re looking to get a new VC job … 

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RECS

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POLL

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- Clay

RESULTS

Here are the results from our poll question in Friday’s piece:

Is Anduril an outlier, or do you think there will be more venture dollars going towards B2G (business-to-government) companies?

🟩🟩🟩🟩🟩🟩 I think there will be MORE B2G investments over the next 5 years (34)

🟨🟨🟨🟨🟨⬜️ I think there will be LESS B2G investments over the next 5 years (31)

🟨🟨🟨⬜️⬜️⬜️ I don't think anything will change (22)

87 Votes