📶 evergreen funds and the idea of "permanent" capital

Say “hey” 👋 | Apply 👥 | Upgrade 📶 | Sponsor 📣

Good morning 👋

Happy hump day.

I’m off the next few days for a wedding in CA, so today will be the last newsletter of the week.

Let’s get into today’s piece.

P.S. 💰 Are you a full-time investor AND do you want to get paid more?

Help answer our VC comp survey so we can help you get paid a better market rate.

Today’s highlights

• Harry Stebbings raises $400m to “Make Europe Great Again”

• The worst hand in poker (it’s not what you expect)

• The former Product Hunt CEO is raising a $250m fund

• Chart of the day: The death of entrepreneurship in China