📶 Insight closes in on $10b

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Good morning 👋

And welcome to the start of the work week.

Insight is apparently close to raising another massive fund which supports the theme of LPs taking flight to quality.

VCs are also having to get creative with ways to return cash to LPs, Miami is still a good place to build according to one investor, and China is NOT a good place to build according to data.

Let’s get into all of those stories + more.

TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• ™️ Startups

• 🗳 Poll

HEADLINES
Insight is close to raising a $10b fund 🆕

• Insight Partners closes in on $10bn fund as venture deals pick up (FT)

• This is how bad China’s startup scene looks now (TechCrunch)

• Venture Capitalists Turn to Novel Ways to Return Cash (The Information)

• Keith Rabois says Miami is still a great place for startups, even as a16z leaves (TechCrunch)

• Outside the AI boom, it’s a buyer’s market for cash-strapped startups (Pitchbook)

• Legal AI Startup EvenUp In Talks to Raise at $1 Billion Valuation (The Information)

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LINKS

💎 How I Got to Work with Naval: Authenticity with consistency will beat algorithm every time

🐾 The Hidden Metric That’s Getting More Important: Companies (and investors) are laser focused on efficiency, so expect your CEO to start tracking revenue per employee (if they aren’t already)

👷‍♂️ How I Built an $8M Business with 0 Employees: Justin Welsh, solopreneur, gives a masterclass on how to manage your time, find your niche, get discovered, and create stacked offers to scale your creator business

💥 A Crash Course in IPO Valuation: Amanda Whalen, CFO of Klaviyo, tells how to master the process

🔦 Spotlight Stealth, Early & Growth Startups: Data-driven VC brings their picks of the week

TWEET

FUNDS

Explore all new funds (along with contact info) 👉 here.

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POLL

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:

Are you using AI tools to help you better connect your network?

🟩🟩🟩🟩🟩🟩 Yes - absolutely ✅ (11)

🟨🟨🟨🟨⬜️⬜️ No - don't plan on it ❌ (9)

🟨🟨🟨🟨⬜️⬜️ No - but maybe I will in the future 🤷‍♂️ (8)

28 Votes