📶 Nvidia hits the $3T club

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Good morning 👋

And congrats to Carlos Alcaraz on being the youngest tennis player to win a major on every major surface. It looks like we’re entering a new era in tennis, and Alcaraz will likely be the face of it.

Switching gears.

We’ve entered the summer slowdown, but there’s still plenty of headlines to cover.

Let’s get right into it.

TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• 📶 Recs

• 🗳 Poll

HEADLINES
It’s Jensen Huang’s world 🌎

• Nvidia hits $3 trillion, making CEO Jensen Huang richer than Michael Dell (Fortune)

• AI Startup Harvey Targets $2 Billion Valuation and Mulls Buying a Legal Research Company (The information)

• A Texas Stock Exchange Wants to Take on New York. The Odds Aren’t Good. (WSJ)

• Anterior grabs $20M from NEA to expedite health insurance approvals with AI (TechCrunch)

• BlackRock has slashed the value of its stake in Byju’s, once worth $22 billion, to zero (TechCrunch)

• Novel battery manufacturer EnerVenue is raising $515M, per filing (TechCrunch)

• Kleiner Perkins leads $14.4M seed round into Fizz, a credit-building debit card aimed at Gen Z college students (TechCrunch)

• Griffin Gaming Partners targets $500M for downsized fund III (Pitchbook)

• Bain Capital to take PowerSchool private for $5.6B (Pitchbook)

• 3D Orthopedic Implant Tech Startup Restor3d Lands $70M Financing (Crunchbase)

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LINKS

🤮 A list of the worst VCs: The Information gives their latest list based on what thet hear from founders

✏️ Write Simply: Paul Graham’s advice is the less energy they expend on your prose, the more they'll have left for your ideas.

📶 The modern VC sourcing method: How new school VCs are building their pipeline, finding signal, and lapping their competition

🐻 California Senate Bill 1047: What you need to know about the CA bill everyone is talking about

✈️ Small Habits Co-Founders Can Hang On To: as they build the plane while flying it

🎬 Starting Over Again: 8 hard-earned lessons from repeat founders

🤖 Building AI Products: Ben Evans asks how to build mass-market products that change the world around a technology that gets things ‘wrong’?

🧠 25 Lessons from David Sacks: One of the legendary operators and investors in Silicon Valley shares some of his wisdom

TWEET

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FUNDS

P.S. 👉 If you’re looking to get a new VC job … 

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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)

RECS

• The VC Insider: Our new favorite newsletter for junior VCs

• Big Desk Energy: beehiiv’s founders gives away tons of alpha every week

• Sandhill Report: Get the tech news that matters

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 Friday’s piece:

Where do you hold your crypto?

🟨🟨🟨🟨⬜️⬜️ On a crypto exchange (Coinbase, Kraken, etc.) (10)

🟨🟨🟨🟨⬜️⬜️ In my brokerage account (Fidelity, Robinhood, etc.) (9)

🟨🟨🟨⬜️⬜️⬜️ Cold storage (Trezor, etc.) (7)

🟨🟨🟨🟨🟨⬜️ Somewhere else (12)

🟩🟩🟩🟩🟩🟩 I don't hold any crypto (13)

51 Votes