Sponsored by

Good morning. Usually, when we hear news about the SEC, we assume it’s negative. So we were pleasantly surprised yesterday when the SEC updated the dollar threshold for a vehicle to be considered a “qualifying venture fund” to $12 million, up from $10 million.

Qualified venture funds can raise from up to 250 accredited investors while also being exempt from having to register with the SEC as an investment company. Without getting into too much of the details, it’s a big win for emerging managers and first-time funds.

P.S. Our 1,600-word monthly update is going out tomorrow morning to premium subs.

If you’re interested in receiving these and getting a first-hand look at what actually works when growing an online business, here’s how you can upgrade.

TL;DR:

HEADLINES
SEC changes rules for “qualified venture funds”

  • The SEC just made life a little easier for smaller VCs (TechCrunch)

  • AI Regulation Is Coming. Fortune 500 Companies Are Bracing for Impact. (WSJ)

  • The IPO Market Gets Cold Feet (WSJ)

  • Corporate Funding Rounds Account For Larger Share Of Venture Investment (Crunchbase)

  • Data Infrastructure Startup Cribl Locks Up $319M At $3.5B Valuation (Crunchbase)

  • Gaming Market Map: Investors bet on gaming’s next hitmakers (Pitchbook)

TWEET

COMMUNITY
Become the top performer on your investment team 📶

A few reasons to join the #1 private investor community …

👥 Member directory: Venture is a networking game after all, right?

🔎 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

FUNDS

Name

Fund Size

Fund Number

$100m

I

$800m

III

$72m

II

$615m

IX

$685m

II

$3.15b

I

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

STARTUPS (Together with Harmonic)
USV software companies that have raised in the past 4-12 months 🔎

Name

Description

Software to revolutionize hardware

Get access, rewards & perks whenever you dine out

The integration platform for the AI internet

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

RECS

POLL

If you were raising a first-time $12m venture fund, how many LPs would you plan for to hit your fundraise?

Login or Subscribe to participate

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:

Is it a good or bad thing that PE is going after the NFL and other pro sports teams?

🟨🟨🟨🟨🟨⬜️ Good - I expect a better fan experience (18)

🟩🟩🟩🟩🟩🟩 Bad - I'm expecting more ads, higher prices at games, and a worse fan experience (19)

37 Votes

Reply

or to participate

Keep Reading

No posts found