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)
LINKS
📖 The Elon Musk Playbook: The Generalist examines the management principles of the world’s most productive and polarizing person
💯 The Top 100 Gen AI Consumer Apps: Andreessen Horowitz brings their 3rd installment of the top apps
👨🎨 The Ultimate Guide to Growth Product Design: Askash Gupta covers everything you need to know about product design’s new, but growing, subfield of growth product design
🚀 The Emerging Manager’s Guide—How to Plan Your Fund I: AngelList brings insights and lessons learned from emerging managers on launching their first venture fund
👀 See New Marketplaces Where Others See Crowds—The Inside Story of A. Team: New marketplaces can break out by uniquely innovating on product, demand, and supply
🆓 Founder Restricted Stock Agreement: Pillar.VC offers a free template
📶 Mastering Your VC Career Path: Early Choices and Their Empowering Impact
TWEET
Vista Equity associate showing up to the Texans locker room prepared to slash budget and ask CJ Stroud to throw more touchdowns as it will improve their MOIC
— #litquidity (#@litcapital)
8:38 PM • Aug 27, 2024
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
The Early: A new place for junior VC resources and content
Creator Spotlight: Your guide to newsletters delivered every Friday
Big Desk Energy: Startup insights, stories, and vibes sent to your inbox every Tuesday
POLL
If you were raising a first-time $12m venture fund, how many LPs would you plan for to hit your fundraise?
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:
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
