📶 a16z targets new PE strategy

a16z wants to start competing for PE deals, Anduril nears a $12.5b valuation, why VC is weighed down by its 2021 vintage, and funding for self-driving cars is starting to pick up

June 26, 2024 • Estimated Reading Time: 8 minutes

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Embarrassing confession time - we didn’t put an intro blurb yesterday, and we left this section as ‘{Intro}’.

Won’t make that mistake again 🙃.

Switching gears, here are some of the biggest stories from yesterday …

TL;DR:

HEADLINES
a16z goes after private equity 👀

  • Andreessen Horowitz plans to launch a private equity fund, documents show (Fortune)

  • Anduril Nears $12.5-Billion Valuation Led by Founders Fund, Sands Capital (The Information)

  • Only 19% of You Would Have Raised Even More Venture Capital (SaaStr)

  • Why Venture Capital Is Weighed Down by Its 2021 Vintage (WSJ)

  • LACERS doubles down on emerging manager Builders VC (Venture Capital Journal)

  • Rackhouse VC’s $45M Fund II underscores room to run for early-stage AI (Pitchbook)

  • Funding To Autonomous Driving Startups Surprisingly Starts To Move Again (Crunchbase)

  • Notion Sites takes Notion sites up a level (TechCrunch)

  • Inspired by Gen Z, Pinterest users can now turn boards into videos for sharing on Instagram and TikTok (TechCrunch)

  • US Record Labels Sue AI Music Generators Suno and Udio for Copyright Infringement (Wired)

  • Apple shelved the idea of integrating Meta’s AI models over privacy concerns, report says (TechCrunch)

  • Businesses Want Slower AI Models—And That Might Hurt Nvidia (The Information)

  • Europe-U.S. Tech Regulatory Battle Opens New Front (The Information)

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FUNDS

Name

Fund Size

Fund Number

A*

$315m

II

Columna Capital

$310m

III

Zendesk

$10.2b

I

Charlesbank Capital Partners

$1.3b

II

The Engine

$398m

III

Hamilton Lane

$5.6b

VI

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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RESULTS

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

If you were a Canadian LP, would you keep investing in Canadian venture capital funds, or would you invest elsewhere

 

🟩🟩🟩🟩🟩🟩 🇨🇦 Canada (17)

🟩🟩🟩🟩🟩🟩 🌎 Somewhere else (17)

34 Votes

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