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Good morning 👋

I have nothing witty to say, so let’s just get right into what you came for.

TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• ™️ Startups

• 📶 Recs

• 🗳 Poll

HEADLINES
Newly-minted unicorn club 🆕

• Six Companies Joined The Unicorn Board In May, With xAI Alone Adding $24B In Value (Crunchbase)

• OpenAI Could Become a For-Profit Business (Pymnts)

• The Cloud wins the AI infrastructure debate by default (Venturebeats)

• Tinybird raises another $30 million to transform data into real-time APIs (TechCrunch)

• India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation (TechCrunch)

• AfterHour, social trading startup, raises $4.5 million seed round, led by Founders Fund and General Catalyst (Fortune)

• Despite AI hype, SaaS revenue growth is in a rut (Pitchbook)

• TikTok Announces AI Avatars for Advertising (The Information)

• U.S Sues Adobe Over Subscription Plans (The Information)

LINKS

🧘 The Case Against Morning Yoga, Daily Routines, and Endless Meetings: Andrew Chen’s call for the anti-Huberman-types

🔍 Useful and Overlooked Skills: Morgan Housel’s 7 examples of subtle skills and traits that can differentiate you from the pack

＞ How To Do Great Work: Paul Graham’s guide for ambitious people to do something amazing

🛬 Extending Your Runway: How to extend cash when cash gets tight

🕰️ Timeless Lessons from Great Investors: Ten habits of venture capital’s most successful firms

🆓 The Case Against Freemium: 3 reasons why free is a wrong price

💰 The Rich and The Wealthy: What makes somebody rich vs. wealthy?

📶 17 Lessons from Bill Gurley: Timeless advice from the GP @ Benchmark

💰 Are you underpaid? We built a tool to assess whether you’re overpaid or underpaid using our VC comp data

TWEET

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FUNDS

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.

Here’s how to see all the information we have on funds (plus contact info)

STARTUPS (Together with Harmonic)
Fastest-growing B2B pre-seed and seed AI companies 🤖

We use Harmonic to get thousands of data points on companies like these. 

Here’s how you can do the same.

RECS

• The Early: A new place for junior VC resources and content

• Cyber Patterns by Jason Levin: One of our favorite newsletters on how to use the internet to attract luck

• Creator Spotlight: How the best online creators make it all happen

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 in charge of a pension, which asset today would have your highest allocation of capital?

🟨🟨🟨🟨🟨⬜️ Early-stage venture (7)

🟩🟩🟩🟩🟩🟩 Growth equity (8)

🟨🟨🟨⬜️⬜️⬜️ Private equity (5)

🟨🟨🟨⬜️⬜️⬜️ Private debt (4)

🟨🟨🟨⬜️⬜️⬜️ T-bills (4)

🟨🟨🟨⬜️⬜️⬜️ Commercial real estate (5)

🟨🟨🟨⬜️⬜️⬜️ Residential real estate (4)

🟨🟨⬜️⬜️⬜️⬜️ Other forms of real estate (3)

🟨🟨⬜️⬜️⬜️⬜️ Alternative investments (3)

⬜️⬜️⬜️⬜️⬜️⬜️ Something else (1)

44 Votes