📶 Another $5b for Thrive

Thrive raises massive new funds, supply chain funding dries up, and femtech companies are hot again

August 06, 2024 • Estimated Reading Time: 7 minutes

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Good morning 👋

Talked to my mom yesterday, and she thinks that these newsletters are starting to get too long.

So we’re running a test today with fewer headlines so you can get more signal (and less noise) from us.

Let us know at the bottom what you think.

HEADLINES
Thrive puts $5b in the bank 💰

Source

Thrive Capital Raises $5 Billion for Venture Funds on Heels of OpenAI Bet (WSJ)
Supply Chain Slowdown — Venture Funding Plummets In Sector (Crunchbase)
Femtech startups appear on track for record VC funding (Pitchbook)
Even after $1.6B in VC money, the lab-grown meat industry is facing ‘massive’ issues (TechCrunch)
The new venture model that’s as old as time and more necessary than ever (Fast Company)

LINKS

🤔 Makes You Think: Morgan Housel provides quotes, that, well…make you think.

🪤 The 4 Biggest Traps in Life You Need to Get Out: Naval, along with the late Charlie Munger, offer core insights on defining success, learning to focus on the message and not the messenger, and tangible strategies to implement that can lead to financial freedom and a more fulfilling life.

🫏 The Right Kind of Stubborn: Paul Graham explains the difference between persistence and obstinacy.

🤖 The 3 Attributes of an Attractive Market for AI: Thomas Tunguz thinks a market with toil, market shortage, and market pressure will make it attractive to pursue.

🎯 Deal Flow Report (08/04/2024): An onboarding compliance software backed by General Catalyst, an AI engine for IP, and an automation framework company to compete with Zapier

If you could invest in any private company at their last public valuation (no matter how long it’s been since then) what would you pick?
— Patrick OShaughnessy (@patrick_oshag)
5:58 PM • Jul 25, 2024

REFER
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FUNDS

Name	Fund Size	Fund Number
Quinbrook Infrastructure Partners	$3b	V
Blue Delta Capital Partners	$250m	IV
Knox Lane	$1b	II
Steel Atlas	$10m	I
Hidden Harbor Capital Partners	$800m	III
Moxxie Ventures	$95m	III

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.

Lucky for you, we’ve already collected all of that information for you.

Here’s how to see all the information we have on funds (plus contact info)

STARTUPS (Together with Harmonic)
Consumer unicorn alums 🔎

Name	Description
🛍 Daydream	Shopping, reimagined
⚕️ Function	It’s time you own your health
✔️ Canal	The platform that drives marketplace success

We use Harmonic to get thousands of data points on companies like these.

Here’s how you can do the same.

RECS

	Sponsored Big Desk Energystartup insights, stories, and vibes sent to your inbox every Tuesday

POLL

What do you think about us reducing the number of headlines?

Instead of aiming for 10-12, we'll start only sharing 5-6

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

RESULTS

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

Does $80b in cloud infrastructure spend last quarter surprise you?

🟩🟩🟩🟩🟩🟩 Yes - that's crazy high ✅ (13)

🟨🟨🟨🟨⬜️⬜️ Nope - thought it would be higher ❌ (10)

🟨🟨🟨🟨⬜️⬜️ Idk - just show me the results 😶 (10)

33 Votes

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