Good morning 👋
And happy Friday - what a week.
Life is good.
You have stuff to do, we have stuff to do - let’s get right into it today.
Today’s highlights
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
Every company becoming an AI company
TOP
Where AngelList sees venture heading 🔮
I spent the morning yesterday listening to the CEO of AngelList give away free game of where he sees the venture world heading.
Here are my condensed notes: https://x.com/ClayNorris10/status/1902722565061087686
COMMUNITY
The OS for private investors 🕹
Good venture investors need to have:
Good background knowledge and an understanding of how venture dynamics work
A source of good deal flow so that you see founders first
An elite investor network that you can share notes, deals, and other information with
Mental frameworks to understand company building, scale, and what makes a good vs. great investment
Connections to other high-quality people that become future co-workers or portfolio company employees
That’s why we built this.
2,500 other investors from places like Bessemer, Insight, Accel, and Founders Fund already use it, and we think you should too.
TWEET
HEADLINES
Michael Seibel is leaving Y Combinator (TechCrunch)
Sequoia shutters Washington, D.C., office, lets go of policy team (TechCrunch)
Network effects: Well-connected VCs see lower failure rates, better returns (Pitchbook)
In another good sign for fintech, Ribbit Capital is raising a new $500M fund (TechCrunch)
CHART
MEME
LINKS
📊 10 Charts That Capture How the World is Changing: Digital Native shares their quarterly series on charts that show the trend in employee productivity, secondaries and VC distributions, DoorDash’s dominance, Gen Z homeownership rates, and more
➰ Amazon VP—The Magic Loop Framework to Get Promoted: Aakash Gupta interviews Ethan Evans about how he became a VP for Amazon, how he thought about his career, how he achieved leverage, and how he now earn $950k working part-time
🤷♂️ How Do I Spend $8,512 Per Month on Software?: Dickie Bush details every piece of software that is critical to keeping his business running
₿ Defining Tokens: a16z posted a useful way to categorize tokens—from network tokens to memecoins, plus a handy flowchart to help figure things out
😑 Beautiful vs. Practical Advice: Morgan Housel offers the idea that there is a time and place for beautiful, but in certain areas, boring and practical win the day
CLIPS
Thanks for reading this far and giving us a little bit of your attention this week.
Feel free to unsubscribe whenever this stops becoming valuable to you.
- Clay
(Founder @ Confluence.VC | GP @ Outlaw)
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