Good morning 👋
And happy Tuesday the 13th.
In case you missed it, we’ve updated some of the links in the header of each email, so we’re linking them again below:
👥 Community: For readers who want our full suite of services built for private investors
📣 Sponsor: For readers who want to reach one of the highest-quality audiences on the internet
♟ Boardroom: For readers who want our team to become an extension of your team
📌 Careers: For readers who want to work with us and build for the future of venture
Okay - enough of that.
Here’s more on the founder of Mercury raising his own venture fund …
TOP
Mercury founder announces his fund I
Narrative capital continues to be the biggest and most interesting trend in venture, and this is the latest example of that.
Immad Akhund (CEO @ Mercury) announced yesterday that he had closed a $26m fund I to back early-stage founders. He has already personally invested in 350+ companies like Rippling, Applied Intuition, Airtable, Rappi, Decagon, Linear, Gecko Robotics, Substack, and this fund was built to formalize his angel investing.
Here’s what he’s looking for:
Founders with an exceptional track record of building
Massive $10B+ markets
Companies pursuing things that need to exist for humanity
TWEET
COMMUNITY
The #1 private investor community 1️⃣
Here’s a list of things tier-one investors have access to:
Good background knowledge and an understanding of how venture dynamics work
A source of good deal flow so that you see founders first
An elite investor network that you can share notes, deals, and other information with
Mental frameworks to understand company building, scale, and what makes a good vs. great investment
Connections to other high-quality people that become future co-workers or portfolio company employees
Usually that takes 5 years minimum (at least for us), but usually it takes even longer.
That’s why we built this - to speed up the onramp for private investors serious about giving themselves an advantage in the venture game.
2,500 other investors from places like Bessemer, Insight, Accel, and Founders Fund already use it, and we think you should too.
LINKS
⁉️ 4 Questions for Assessing a New Job Fit: The questions you need to ask when approaching a new change as your career gets further along
🧨 An Explosive New Distribution Channel: AI is rapidly becoming the chief procurement officer for product-led growth companies
🧐 Which ChatGPT Model Should You Use?: Data-Driven VC reviews 5 different models applicable to the given task
🧏♂️ The Most Useful Data Your Startup Probably Isn’t Gathering: “How did you hear about us?”
📶 YC Request for Startups (S25): Here are the different categories YC is requesting startups for their next batch
🤷♂️ Scattered portfolio data 🤝 structured insights. Use PortfolioIQ to set up automated data requests and extractions, track and source data points, and help your finance team do more of what they do best. (Get started for free.) **
**Sponsored
POLL
What do you think about founders who double as GPs?
RECS
📝 Insider: Get investment memos, market maps, behind-the-scenes updates, and other things we don’t send to the rest of the list. (Get your first memo free)
⚙️ Operator: Get everything in Insider plus all of the best tools, data, and other resources we have used to build this business. (Get 20% off)
📶 Boardroom: Add our team as fractional problem solvers (whenever you need it).
MEMOS
Outtake: Thoughtful cyber agents to secure high-profile people
HumanLayer: Human-in-the-loop agents
Chima: Interoperability for AI agents
Superpower: The all-in-one subscription for preventative healthcare
Documenso: The DocuSign killer
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
(Founder @ Confluence.VC | GP @ Outlaw)
Upgrade to read the rest 📶
Become a Pro reader to get access to the rest of this post plus a LOT of other stuff we don't share with everybody else ...
UpgradeA subscription gets you:
- Deal flow reports
- Ultimate VC Resource Library
- Private Airtable databases
- Behind-the-scenes updates
- Private consulting call
- Early access to new products
