📶 there's a blockchain to protect your IP

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Good morning 👋

OpenAI, Anthropic, and others have gotten in trouble over how they’ve scraped their training data. It’s become a massive problem for publishers, and they’re looking for solutions.

Enter Story, a blockchain-based platform to help IP owners track usage more effectively.

They just raised a massive round of funding, and we’re covering that plus all the other headlines you missed yesterday.

TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• ™️ Startups

• 📶 Recs

• 🗳 Poll

HEADLINES
The world’s IP blockchain 🌐

• Story raises $80M at $2.25B valuation to build a blockchain for the business of content IP in the age of AI (TechCrunch)

• Consumer Electronics Is A Bust That Never Boomed (Crunchbase)

• Conde Nast Signs Multi-Year Deal With OpenAI (The Information)

• Venture capital firms making bets on maternal health (Reuters)

• Secondary Buyers Seek Greater Control Over Investment Terms (WSJ)

LINKS

👂 Don’t Force a Fundraiser: Aka why you should actually listen to some investor feedback

💲 How Much Revenue Must a Company Generate to IPO?: On average, revenue at IPO has doubled over the past 15 years

✨ AngelList—A Venture Constellation: Naval’s company, worth $4.1 billion, is a unicorn, a creator of unicorns, and may just be getting started

📝 My Favorite Decision-Making Frameworks: Templates and guides from Lenny to help you make better decisions with less drama

🎥 The Company That Determines Our Future—Sequoia Capital Documentary: The story of one of Silicon Valley’s most notorious and enduring venture capital firms

🎙️ Audience Building 101: Alex Lieberman gives his framework for thinking about and building a killer audience

📶 Ultimate VC Resource Library: 400+ resources to help you master every part of being a junior venture capitalist

TWEET

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FUNDS

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)
YC W24 aerospace and defense companies 🔎

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

Here’s how you can do the same.

RECS

• The Early: A new place for junior VC resources and content

• Creator Spotlight: new stories delivered to you every Friday

• Mainstreet Memos: Democratizing venture, one newsletter at a time

POLL

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 defense tech?

🟩🟩🟩🟩🟩🟩 No - too much regulatory risk (11)

🟨🟨🟨🟨⬜️⬜️ No - too hard to underwrite traction (8)

🟨🟨🟨🟨⬜️⬜️ Yes - tons of underpriced opportunities (8)

🟨🟨⬜️⬜️⬜️⬜️ Not an investor - show me results (4)

31 Votes