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Good morning 👋
And happy hump day.
It’s the 23rd anniversary of 9/11, and I wanted to take a moment to appreciate all 2,977 of the victims who died that day. That number would be a lot higher if it weren’t for many of the NYPD and firefights that ran rescue missions before the towers collapsed.
P.S. Did you know you can download an app for this newsletter if you click on the button above on mobile?
TL;DR:
HEADLINES
More healthcare, more problems 👎
VCs Pour More Money Into Self-Pay Healthcare — Consumers Aren’t Celebrating (Crunchbase)
Hardware companies dominate a list of promising climate tech startups (TechCrunch)
Alpha Partners raises $153M third fund for pro-rata investments (TechCrunch)
Glean Announces Over $260 Million Series E and Next-Generation Prompting as it Brings Work AI to the Enterprise (Business Wire)
Global Venture Capital Outlook: The Latest Trends (Bain)
LINKS
⏭ 10 product-led growth principles: According to Bessemer
🔎 Startups vs Incumbents in the AI Era: NFX explains how startups can win
👀 One Thing You Wish People Better Understood About Venture Capital: Hunter Walk gets expert advice from others
📊 10 Charts That Capture How the World Is Changing: Loneliness, ChatGPT, tech valuations, and office space
💸 The end of 0% interest rates: What it means for tech startups and the industry
🪑 Is Seat Based Pricing Dead? Thoughts on how AI is changing software pricing
📶 Upgrade to Confluence.VC Pro: Get 25% off our premium newsletter when you use this link
TWEET
Great insight from Sam Zell
“Life (and business) is all about long term relationships”
— #David Senra (#@FoundersPodcast)
11:31 AM • Sep 10, 2024
REFER
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FUNDS
Name | Fund Size | Fund Number |
|---|---|---|
$242m | I | |
$15.1b | XI | |
$800m | I | |
$100m | I | |
$800m | III | |
$72m | II |
Explore all new funds (along with contact info) 👉 here.
COMMUNITY
What do investors from a16z, Bessemer, Founders Fund, Insight 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 become a better investor
📋 Dealflow-as-a-service: 1,000+ investment memos (and counting) so you never run out of companies to look at
🗣 Investor-only Slack: Where venture, growth, and private equity can answer hard-to-find questions and gather signal through the noise
POLL
Which healthcare option do you prefer?
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:
Was product-led growth a zero interest rate phenomenon?
🟩🟩🟩🟩🟩🟩 No - all software adoption starts with the product (10)
🟩🟩🟩🟩🟩🟩 Yes - selling enterprise is too complex and requires more touchpoints with people (10)
🟨🟨🟨🟨🟨⬜️ Too early to tell (9)
29 Votes
