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Good morning 👋

And Happy Monday.

Officially in the dog days of August. Some guys are doing three-a-days at pre-season camps for football, and other guys are pretending to look busy typing on a computer to avoid getting more work from their boss who is in Europe for the summer.

The duality of man.

Let’s get into what all you missed over the weekend.

P.S. We have TONS of investors in Confluence looking for new investing roles.

If your fund is hiring and you want to get introduced to at least 10 investors that we think would be dream hires for your team …

TL;DR:

HEADLINES
$80b in cloud infrastructure spending (this quarter) ☁️

  • Cloud infrastructure revenue approached $80 billion this quarter (TechCrunch)

  • The AI gold rush is hiding a wider cash crunch for startups (Pitchbook)

  • Grid infrastructure energizes clean energy’s future (Pitchbook)

  • For Automakers, Autonomy And Sustainability Are Top Startup Investment Themes (Crunchbase)

  • The AI-Generated Population Is Here, and They’re Ready to Work (WSJ)

  • OpenAI settles into its VC era (Fortune)

  • Why family office PCH avoids private equity funds (Asian Investor)

  • Are we prepared for ‘Act 2’ of gen AI? (Venturebeat)

  • Mass PRIM has committed 5x more to VC this year than it did in 2023 (Venture Capital Journal)

  • Private capital groups deploy $160bn as they prepare for deal revival (FT)

  • Private credit ventures deeper into risks Wall Street won’t take (InvestmentNews)

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

We’ve found the best way to do that is to find the jobs before they become available. In our opinion, the best way to do that is to a) find who is raising funds and b) find who is the right person to contact at each of those funds.

RECS

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