📶 $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

September 06, 2024 • Estimated Reading Time: 6 minutes

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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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(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.

Feel free to unsubscribe whenever this stops becoming valuable to you.

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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