Today's sponsor
Good morning 👋
And Happy Friday.
P.S. Do you:
a) work in venture capital, growth equity, or at a family office?
b) plan to hire soon?
If you answered yes to both (not one), check out Confluence.VC Search Partners.
We vet and intro world-class investors to new investing roles.
TL;DR:
HEADLINES
Blackstone’s infrastructure master plan 🔀
Blackstone to become world’s largest AI infrastructure investor (Venture Capital Journal)
Opportunity for ‘significant’ LP selling activity in coming months (Venture Capital Journal)
An Eric Schmidt Investment Firm Crumbles After Mismanagement, Soured Romance (The Information)
Sequoia-backed Knowde raises Series C at a valuation cut (TechCrunch)
Superfruit Startup AgroVision Minted Agtech’s Newest Unicorn (Crunchbase)
The 10 Biggest Rounds Of July: Skild AI And Element Biosciences Lead Hot Month (Crunchbase)
Bill Ackman shelves Pershing Square IPO after lack of investor interest made him cut it from $25 billion to $2 billion (Fortune)
Meta’s shares soar after revenue growth reassures investors on AI plan (FT)
Together with Bill.com
Take a demo, get a Blackstone Griddle
Automate expense reports so you can focus on strategy
Uncapped virtual corporate cards
Access scalable credit lines from $500 to $15M
LINKS
🔰 Introduction to Startup Valuation: A deep dive into how VCs assess and estimate the value of startups
↪️ 9 Things I Would Do Different If I Were to Build My 2nd Startup: Guillermo Flor’s first startup failed. Here’s what he would do differently now
📚 Fundamentals of Venture Capital Funds and Portfolio Construction: Understanding the economics and strategy behind a VC fund
🧑🤝🧑 CEOs Are Not Superheroes—Why Your Startup’s Success Relies On You Not Doing It All: Recognize your strength lies not in doing everything yourself but in harnessing the collective power of a talented team
👌 The Ideal Founder’s Background: Exploring the personalities, ages and genders of successful entrepreneurs, according to Learning VC
👷♂️ Open AI and Ex-Shopify Product Lead Reveals How He Builds AI Products: Miqdad Jaffer shares with Peter Yang his 5A framework for building AI products
🧭 Confluence.VC Navigator: Our internal navigator tool to help readers find what they’re looking for
TWEET
“We take a private equity approach to public markets investing”
— #East Village Guy (#@eastvillageguy)
3:57 PM • Jul 29, 2024
REFER
Earn free stuff 🎁
You can get free gifts by telling your friends and family to sign up 👇
{{rp_personalized_text}}
Copy & paste this link: {{rp_refer_url}}
FUNDS
Name | Fund Size | Fund Number |
|---|---|---|
$1.5b | III | |
$100m | I | |
$1.8b | VI | |
$1m | V | |
$98.217m | I | |
$160m | V |
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.
RECAP
What else you missed this week 📆
Name | Description |
|---|---|
ChatGPT goes after Google, fintech funding slows down, and secondaries volume reaches new highs | |
Plus Jay-Z's fund is thinking about a merger, the enterprise AI roadmap, and 93 non-obvious VC takeaways | |
What's new in Europe, big banks are training their own LLMs, and Anthropic gets accused of 'egregious' data scraping | |
What went right, what went wrong, the outlook, and where we could use some help |
RECS
Big Desk Energy: beehiiv’s founder shares weekly deep dives on how he is growing the business
Creator Spotlight: The best newsletter we’ve found on growing and monetizing as an online creator
POLL
What do you think about the new 'Recap' section above?
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:
Are you actively investing in Europe?
🟨🟨🟨⬜️⬜️⬜️ Yes 🇪🇺 (11)
🟩🟩🟩🟩🟩🟩 Nope 🇺🇸 (17)
28 Votes
