Good morning 👋
I hope each of you had an amazing July 4 weekend.
If you weren’t keeping up with the headlines over the past four days, here’s what all you missed.
P.S. We’re looking to pay some of you …
We’re paying $2.26 for every new email subscriber you can refer over to us.
(Only applicable to customers of beehiiv.)
TL;DR:
HEADLINES
Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms (TechCrunch)
10 Years On, 645 Ventures Is Using Software To Improve Its Odds At Seed (Crunchbase)
The VC Firms With the Most to Gain - Or Lose - From AI (The Information)
Harvey Nears New, Smaller Deal With GV After Its Acquisition Plans Collapse (The Information)
Venture Capital Is Increasingly Becoming a Haves and Have-Nots Industry (WSJ)
AI deals lift US venture capital funding to highest level in two years, data shows (Reuters)
Jeff Bezos to sell $5 billion of Amazon shares after stock hits record high (Techstartups)
Security issues plague OpenAI as scrutiny increases (Fortune)
Apple approves Epic Games’ marketplace app after initial rejections (TechCrunch)
Figma pauses its new AI feature after Apple controversy (TechCrunch)
LINKS
🧠 Generative AI and Intellectual Property: Another twist on the 500 year old problem of intellectual property
💵 Buy, Borrow, Die the Basics: BowtiedBull explains the strategy used to reduce taxes and live a high quality of life
🤔 Most Things Are Simple, Not Easy: Aadit Sheth says the good news is because most things are simple, then most things are possible
🍔 Foodtech Market Map: How investors are making bets on the restaurant industry
🔁 How to be Great? Just Be Good, Repeatably: Steph Smith believes in steady compounding, doing the small things in a good way, repeatably
🙅 Bad Habits Holding You Back: Sahil Bloom lists 18 bad habits we all can fall in to from time to time
TWEET
one of the biggest alpha opportunities in early-stage VC is low charisma founders who don't pitch well, don't tweet, don't podcast, but just execute day in day out.
— #first check $500k-1M pre-seed (#@ajhodls)
6:41 PM • Jul 5, 2024
REFER
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FUNDS
Name | Fund Size | Fund Number |
|---|---|---|
$3.2b | VI | |
$15m | I | |
$35m | II | |
$943,167,000 | II | |
$150m | III | |
$380m | II |
P.S. 👉 If you’re looking to get a new VC job …
We’ve found the best way to do that is to find the jobs before they become available. In our opinion, the best way to do that is to a) find who is raising funds and b) find who is the right person to contact at each of those funds.
Lucky for you, we’ve already collected all of that information for you.
RECS
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Cyber Patterns by Jason Levin: One of our favorite newsletters on how to use the internet to attract luck
Creator Spotlight: How the best online creators make it all happen.
The Early: A new place for junior VC resources and content
POLL
If you were to invest as an LP into funds, which of the following would you choose to invest in?
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 ’s piece:
What percentage of funds that raised at the top of the last hype cycle (2020-2021) will be able to raise a subsequent fund?
🟨🟨🟨🟨⬜️⬜️ <10% (8)
🟩🟩🟩🟩🟩🟩 10-25% (11)
🟨🟨🟨⬜️⬜️⬜️ 25-40% (6)
🟨🟨⬜️⬜️⬜️⬜️ 40-60% (4)
🟨🟨🟨⬜️⬜️⬜️ >60% (7)
36 Votes
