Good morning 👋
Writing this from a plane and late sending it out this morning.
So let’s get right into it.
TL;DR:
HEADLINES
USV targets new funds 🆕
Top-performing VC Union Square Ventures targets $275M fund (Pitchbook)
Venture opportunity funds may be coming back—in miniature (Pitchbook)
Senators urge owners, partners, and VC backers of fintech Synapse to restore customers’ access to their money (TechCrunch)
General Catalyst offers startups a new alternative (Axios)
Venture capital secondaries comes into the spotlight (Venture Capital Journal)
Private equity/venture capital-backed real estate transactions down (Pensions & Investments)
Andreessen Horowitz Expands Headquarters in West Coast Venture Capital Hub (CoStar)
Electric car maker Fisker files for bankruptcy, leaving thousands of EV owners with uncertain future (Techstartups)
Tech companies are turning to nuclear plants as AI increases demand for power (Fortune)
Robinhood snaps up Pluto to add AI tools to its investing app (TechCrunch)
Unicorn Companies Tracker (Pitchbook)
LINKS
💰 How Much Revenue Must a Company Generate to IPO?: What does it take to go public and has it changed over the last 15 years?
🧑💼 Journeymen, Mavericks & Superstars—Understanding Salespeople at Startups: Mark Suster differentiates the 3 types of salespeople
🎨 Augmenting Human Intellect, No Code Required: Notion’s co-founders are growing an enduring business by nuturing the creative community
🛣️ When and How to Run a Billboard Campaign: Is $20k for a spot on Highway 101 worth it?
📊 Figuring the Financials: AngelList provides resources to help answer your questions
🔬 A Scientific Approach to VC: A primer on VC with 3 elements that are critical to understand
🌱 Why Seed Investors Leave Comfy VC Firms: Pitchbook explains they’re taking more financial instability in the short run and betting that it’ll pay off in the next bull run
🌟 Good Bosses Use Some Uncommon Tricks: Michael Girdley shares 9 nuggets of wisdom
🧐 Why They Invested: A look into the investment decisions behind breakout startups
TWEET
REFER
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FUNDS
Name | Fund Size | Fund Number |
|---|---|---|
$150m | III | |
$380m | II | |
$20m | I | |
$42.9m | I | |
$100m | II | |
$60m | I |
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
The Early: A new place for junior VC resources and content
Creator Spotlight: How the best online creators make it all happen.
Newsletter Operator: The best newsletter we read about building a newsletter business.
POLL
If you were an LP, would you invest with a tier one fund with lots of existing crypto exposure (like USV)?
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 do you make of the Stripe + Coinbase news?
🟩🟩🟩🟩🟩🟩 😊 Excited for it - I think it's a big deal for all businesses (especially crypto) (17)
🟩🟩🟩🟩🟩🟩 😑 Meh - just another news story (17)
🟨🟨🟨🟨🟨⬜️ 🤷♂️ Not sure - I don't have enough info for an opinion (16)
50 Votes
