📶 $1b? pre-revenue? HTML website? done.

OpenAI’s Sutskever's next act, a16z leaves MIA, VC subpoenas, six new funds raised in the past week, plus three YC companies that have raised this month

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Good morning 👋

And Happy Friday.

In non-venture-related news, Conor McGregor is teasing the idea of running for president in Ireland.

We live in a truly ridiculous timeline.

Switching gears.

Here are the biggest stories leading into the weekend.

TL;DR:

HEADLINES
Safe Intelligence raises $1b before launching 👀

  • OpenAI’s Sutskever and super-angel Gross land $1B for AI safety startup (Pitchbook)

  • Andreessen Horowitz shutters its Miami office after two years (TechCrunch)

  • VC Giants a16z, Union Square Ventures Get Subpoenaed by New York About Uniswap (CoinDesk)

  • Guide to VC Secondaries Buyers (Venture Capital Journal)

  • How Nicole Wischoff Won the Internet to Raise $50M (Twitter)

COMMUNITY
What do investors from USV, Bessemer, Founders Fund, Accel have in common?

They’ve all joined this private investor community.

Here are a few reasons you should think about doing the same …

👥 Member directory: Venture is a networking game after all, right? Join 2,100+ other investors already inside and get access to the entire member directory once accepted.

🔎 VC resource library: 400+ VC-specific templates, prompts, and other resources to give a playbook to become a better investor

📋 Dealflow-as-a-service: 1,000+ investment memos (and counting) so you never run out of deal flow

🗣 Investor-only Slack: Where venture, growth, and private equity can answer hard-to-find questions and find signal through the noise

**Only full-time investors admitted

TWEET

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  • 89% of audience based in US

(Media kit available upon request)

FUNDS

Name

Fund Size

Fund Number

Earlybird VC

$242m

I

Radical Ventures

$800m

I

HighPost Capital

$100m

I

Antler

$72m

II

Balderton Capital

$615m

IX

HarbourVest Partners

$15.1b

XI

Explore all new funds (along with contact info) 👉 here.

STARTUPS (Together with Harmonic)
YC companies that have raised in the past month 🔎

Name

Description

Openmart

Find SMB leads in seconds

Piramidal

Foundation model for the brain

just words

Scale hyper-personalized messaging

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

RECS

The Product-Led Geek

Join over 7,900 founders and leaders learning how to scale their B2B software companies with product-led growth and product-led sales.

Thanks for reading this far and giving us a little bit of your attention this week.

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RESULTS

Here are the results from our poll question in yesterday’s piece:

What do you think about the idea of a country increasing the capital gains tax?

 

🟩🟩🟩🟩🟩🟩 I hate it: We are cattle for bureaucrats, and they will keep milking us until it runs dry (14)

🟨🟨🟨⬜️⬜️⬜️ It's reasonable: It's fair within a reasonable range (but we're past that range) (8)

🟨🟨🟨⬜️⬜️⬜️ I like it: I don't mind paying more taxes on post-tax savings (8)

30 Votes

Reply

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