📶 what's happening with endowments?

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Good morning 👋

I’m dealing with my first sick day in probably a year, and I’m writing this from my bed.

And it’s a Monday.

Energy levels are low.

Switching gears - here’s a quick breakdown on what’s going on with college endowments and why it is becoming harder for them to play a meaningful part of the venture funding market.

Today’s highlights

• Why endowments are facing pressure

• Why you shouldn't back anything without an MVP

• A list of AI agents to build right now