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Good morning 👋
And happy early July 4 to all of our American readers.
This will be our last newsletter of the week, so let’s get into the biggest stories from yesterday.
TL;DR:
HEADLINES
How LPs evaluate GPs 🔎
How Limited Partner Scrutiny Has Changed Since 2021 (WSJ)
Y Combinator Cuts Communication, Finance Roles (The Information)
The startup industry’s boom in bridge rounds isn’t slowing down yet (Carta)
BlackRock to Buy Private Data Provider Preqin (The Information)
Deepfakes will cost $40 billion by 2027 as adversarial AI gains momentum (VentureBeat)
AI-Crypto Startup Raises $85 Million in Deal Led by Thiel’s Fund (Bloomberg)
Ken Griffin is hitting pause on the AI hype, saying he’s unconvinced the tech will start replacing jobs in the next 3 years (Fortune)
Together with Confluence.VC Pro
July 4 = 20% off 🇺🇸
If you’re looking for something else to get ahead of your peers …
We’re running a July 4 deal on Confluence.VC Pro subscriptions.
Here’s what all you get if you decide to upgrade:
🎯 Bi-monthly deal flow: The best companies we’re looking at
📶 Ultimate VC resource library: 400+ resource playbook used by the top investors in the world
🔎 Behind-the-scenes: Get a closer look at what we’re doing each month to grow our business
LINKS
🔟 Ten Year Futures: Looking back at Benedict Evans’ 2017 annual presentation
⤴️ The Power User Curve: Understanding the best way to understand your most engaged users
🧾 Journeymen, Mavericks & Superstars: How to understand the salespeople at startups
💰 Money Out of Nowhere: How internet marketplaces unlock economic wealth
🤝 The Four Barriers to AI Adoption: How Tomasz Tunguz thinks about AI adoption
📈 The Fastest Growing Category of Venture Investment in 2024: Spoiler alert - it’s what you think it is
📊 Growth Frameworks For Your Marketplace: Pete Flint of NFX breaks it down
🤖 The AI Spectrum for Founders: All the differences between AI-First to AI-Enhanced companies
🎨 Creativity faucet: How to increase your creativity
🔮 The AI Future Is Already Here, It’s Just Not Productized Yet: The latest from the a16z team
🧭 Confluence.VC Navigator: Our internal navigator tool to help readers find what they’re looking for
TWEET
Jessica Livingston on Distractions
There are really only three things you should focus on: building things, talking to users, and exercising. x.com/i/web/status/1…
— #Kevin Gee (#@kevg1412)
7:47 PM • Jul 1, 2024
REFER
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FUNDS
Name | Fund Size | Fund Number |
|---|---|---|
$150m | III | |
$380m | II | |
$20m | I | |
$42.9m | I | |
$100m | II | |
$60m | I |
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.
STARTUPS (Together with Harmonic)
B2B pre-seed in SF 🔎
Name | Description |
|---|---|
We use Harmonic to get thousands of data points on companies like these.
RECS
Creator Spotlight: How the best online creators make it all happen.
Newsletter Operator: The best newsletter we read about building a newsletter business.
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:
If you were an LP, would you invest with a tier one fund with lots of existing crypto exposure (like USV)?
🟨⬜️⬜️⬜️⬜️⬜️ Yes - absolutely ✅ (2)
🟩🟩🟩🟩🟩🟩 No - not a chance ❌ (6)
🟨🟨🟨⬜️⬜️⬜️ Not sure - I don't have enough info for an opinion 🤷♂️ (3)
