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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

TWEET

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.

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

POLL

What percentage of funds that raised at the top of the last hype cycle (2020-2021) will be able to raise a subsequent fund?

How many funds will be able to get LPs to re-up into their next fund?

Login or Subscribe to participate

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.

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)

Reply

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