📶 Game over?

Startup gaming funding takes a dip in Q2, a CIO's take on VC and PE allocation strategy, and a new market map on the companies improving insurance

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Back to the regularly scheduled programming - here’s what all you missed yesterday.

TL;DR:

HEADLINES
Gaming funding dips in Q2 📉

  • Gaming Startup Funding Fell in Q2 (Crunchbase)

  • Commitments to VC likely to drop but remain a ‘healthy part’ of PE allocation (Venture Capital Journal)

  • Market Map: Meet the startups tackling insurance paperwork (Pitchbook)

  • OpenAI unveils GPT-4o mini, a lightweight version of its most powerful model to date (Techstartups)

  • Inside Iconiq Growth, one of Silicon Valley’s most mysterious venture capital funds that just closed a $5.8B startup war chest (Fortune)

  • Fintech Fragment eases ledger problems, nabs $9M from Stripe, Jack Altman, BoxGroup, and others (TechCrunch)

  • Cohere raises $500M to beat back generative AI rivals (TechCrunch)

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FUNDS

Name

Fund Size

Fund Number

Kingswood

$1.5b

III

Menlo Ventures

$100m

I

Graham Partners

$1.8b

VI

DFJ Growth

$1m

V

Trill Impact

$98.217m

I

Alliance Consumer Growth

$160m

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.

RECS

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  • Strategy Breakdowns: By far the best newsletter we’ve found to learn big tech strategy.

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RESULTS

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

Were you impacted by the Crowdstrike outage on Friday?

 

🟨🟨🟨⬜️⬜️⬜️ Yep - couldn't do any work (12)

🟩🟩🟩🟩🟩🟩 Nope - I got lucky (19)

31 Votes

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