📶 Fortune releases future unicorns list

Plus Insight raises Fund XIII, the case for uncapped SAFEs, and Tally shuts down

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Good morning 👋

Yesterday we asked you guys what you thought about the SEC going after VCs for some of their crypto exposure.

It seems like we’re on the same page … it doesn’t seem right.

Until there is some leadership change (looking at you, Gary Gensler), don’t expect anything to change.

Switching gears - here’s what else you missed from yesterday.

TL;DR:

HEADLINES
The future unicorn list 🦄

thomas middleditch deal with it GIF by Silicon Valley
  • The Next Billion-Dollar Startups (Fortune)

  • Insight tops $10b as it nears final close of Fund XIII (Venture Capital Journal)

  • The Case For The Uncapped SAFE (Crunchbase)

  • WeRide Debut Is A Test Drive For A Slow IPO Market (Crunchbase)

  • Tech Bros Are Betting They Can Help Win a War With China (WSJ)

  • Move over SEO, Profound is helping brands with AI search optimization (TechCrunch)

  • a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash (TechCrunch)

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FUNDS

Name

Fund Size

Fund Number

Stonepeak

$3.15b

I

TPG

$580m

I

Flint Capital

$160m

III

Thrive Capital

$1b

IX

Thrive Capital

$3b

III

Quinbrook Infrastructure Partners

$3b

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.

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RESULTS

Here are the results from our poll question in yesterday’s piece:

What do you think about the SEC going after VCs for backing crypto companies?

 

🟩🟩🟩🟩🟩🟩 It's wrong - SEC leadership is biased against crypto (15)

🟨🟨🟨⬜️⬜️⬜️ It's the right thing to do - somebody needs to pay (8)

🟨🟨🟨🟨⬜️⬜️ I don't care - show me results (11)

34 Votes

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