📶 new game, new alpha

Changing dynamics of the venture game and where the new alpha lives, why vibe coding is actually bullish for traditional SaaS, and the multi-agent future of funds

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Good morning 👋

Summer Fridays are the best.

You don’t want to read emails today, so we’ll keep this one short.

Here are some thoughts from one of the top fund of funds on where the real value lives in venture today …

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