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Good morning 👋

And Happy Friday.

The Wimbledon semis are on right now, so productivity is below average at best.

We’ll keep this one short - here’s what all you missed yesterday.

Read online

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TL;DR:

HEADLINES
The rise of faith-driven investing ⛪️

  • Faith-driven investor Sovereign’s Capital seals $60m for new venture capital fund (AltAssets)

  • The typical private equity fund now takes 1.5 years to close (Pitchbook)

  • More ex-military officials are becoming VCs as defense tech investment reached $35B (TechCrunch)

  • Asia Funding Limps Along, Hits Lowest Level Since 2015 (Crunchbase)

  • Digital-Health Venture Investment Rises, but Many Deals Have Yet to Pay Off (WSJ)

  • Silicon Valley Wins Few Government Contracts (WSJ)

  • Venture Capital Just Hit Quality-Over-Quantity Mode. Here's What That Means for New Founders (Inc)

  • U.S. Election is Crypto’s Make-or-Break Moment (The Information)

  • Google abandons plans to buy HubSpot (Techstartups)

LINKS

🌞 Act Different: Mike Maples believes pattern-breaking founders don’t just think different; they act different.

🚧 9 Common Mistakes Limited Partners Can Easily Avoid When Investing in Venture Funds: Samir Kaji warns LPs of the common pitfalls of the ebbs and flows of the venture capital landscape.

🤖 How Close is AI to Replacing Product Managers?: Full-time prompt engineer Mike Taylor says it’s closer than you think.

⌛️ Knowing When To Sell: An investor’s job is to deliver liquidity to their LPs, but knowing when to sell is the hard part.

🏁 Starting a Startup: Julian Shapiro offers a handbook with zero fluff that helps tech startup founders improve their product, growth, recruiting and fundraising.

🧑‍💻 Our Buyout Thesis: Yoni Rechtman offers his ideas on software and some of the most important ideas for scaling/deploying software over the next decade.

✅ Playlists: Collections of audio advice from experienced leaders to help you navigate the startup journey, brought to you by Pillar.VC.

TWEET

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FUNDS

Name

Fund Size

Fund Number

Ardian

$3.2b

VI

Freeflow Ventures

$15m

I

Freeflow Ventures

$35m

II

KLAR Partners

$943m

II

Blackhorn Ventures

$150m

III

Curie.Bio

$380m

II

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)

MEMES

RECS

POLL

Do you we will see more or less faith-driven investments over the next five years?

ex.) Tithely, Glorify, etc.

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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:

Will we end the year with lower global venture funding than 2015?

🟩🟩🟩🟩🟩🟩 Yes - I think it will be lower (14)

🟩🟩🟩🟩🟩🟩 Nope - I'm expecting more funding the back half of the year (14)

28 Votes

Reply

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