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Good morning 👋

Lost a few subscribers yesterday after asking people to pray for Trump and America after the weekend we had.

If that’s going to upset you, probably best that we go our separate ways.

Switching gears - here’s what you missed in the venture world yesterday.

TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• 📶 Recs

• 🗳 Poll

HEADLINES
Stripe gets $70b buyout valuation 👀

• Scoop: Sequoia Capital offers to buy Stripe shares from investors (Axios)

• Venture’s asset growth has become an albatross around its neck (Pitchbook)

• NEA Targets $700m For Secondaries Fund (Venture Capital Journal)

• The Rise of Founder Fund’s Faithful Warrior (The Information)

• Why the Synapse Collapse Has the Fintech World on Edge (WSJ)

• Goldman Sachs’ profits more than double to $3bn as deals rebound (FT)

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LINKS

🌲 AI’s $600B Question: Sequoia thinks we’re reaching a tipping point

😣 The Right Kind of Stubborn: What gets rewarded vs what gets punished according to Paul Graham

☕️ Building the next Morning Brew: Alex Lieberman distills his Morning Brew knowledge into six big takeaways

🔎 Childhoods of exceptional people: One of the more interesting pieces you’ll read today on what makes unique people unique

🤗 Embrace the Unexpected—the Hidden Power of Surprises: Mike Maples believes the ability to notice and savor surprises is a key overlooked skill of the greatest founders

#️⃣ From Numbers to Narrative—Financial Modeling for Founders: The VC Corner takes a deep dive into the crucial skill of financial modeling for founders

⌵ Time Sinks and Money Sinks: Andrew Chen describes how business models drive product design and user behavior

💬 Thoughts on Preparing for a Board Meeting: The Reluctant CFO on how to tell the financial story effectively

💰 Are you underpaid? We built a tool to assess whether you’re overpaid or underpaid using our VC comp data

TWEET

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FUNDS

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.

Here’s how to see all the information we have on funds (plus contact info)

RECS

• The Early: A new place for junior VC resources and content

• Newsletter Operator: The best newsletter we read about building a newsletter business.

  Creator Spotlight: How the best online creators make it all happen.

POLL

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:

What is your current crypto investment strategy?

🟨🟨⬜️⬜️⬜️⬜️ Only BTC (4)

🟨🟨🟨🟨⬜️⬜️ Only ETH (6)

🟩🟩🟩🟩🟩🟩 Only BTC and ETH (9)

🟨🟨🟨🟨⬜️⬜️ Mostly alt coins and other tokens (6)

🟨🟨🟨🟨⬜️⬜️ Other crypto companies (6)

31 Votes