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- 📶 back to the VC Stone Ages
📶 back to the VC Stone Ages
Global VC funding on pace for worst year since 2015, the creator economy is back, Sequoia + a16z at odds over chips, and Benchmark raises new funds
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Good morning 👋
Looks like a good amount of you are interested in learning how to build a newsletter like this for yourself, so we’ve got some work to do in order to make that happen.
Here’s what all you missed in the headlines yesterday.
P.S. We’ve revamped our website with more content, discounts, and ways to earn.
TL;DR:
HEADLINES
Back to the VC Stone Ages ⏮
Global VC fundraising on track for worst year since 2015 (Pitchbook)
North American Startup Funding Jumped Higher In Q2 (Crunchbase)
Creator Startups Have Already Raised as Much Money This Year as in All of 2023 (The Information)
Climate Tech Is No Longer Weathering Venture’s Slump (WSJ)
Benchmark raises $425 million for latest fund (Axios)
Marc Andreessen, Sequoia again back Kearny Jackson, this time in $65M Fund III (TechCrunch)
Sequoia, Andreessen at Odds Over Chip Shortage (The Information)
Microsoft and Apple abandon board roles at OpenAI amid increasing regulatory scrutiny (Fortune)
AI startup funding more than doubles in Q2, surges to $24 billion (Techstartups)
Groq, an Nvidia Rival, Nears $2.2 Billion-Valuation BlackRock Deal; Musk’s Mystery Company Revealed (The Information)
Intuit is laying off 1,800 employees as AI leads to a strategic shift (Fortune)
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LINKS
🏃 Let Your Winners Run: Great long-term investing is 1% buying and 99% waiting
🔋 The Power of Social Capital: Ben Zises thinks Einstein was wrong …
⚠️ AI Employees Should Have a “Right To Warn” About Looming Troubles: Alex Kantrowitz reports why so many OpenAI safety employees have left in recent months
🧑💻 Standardizing Venture Capital: Halie Kaplan-Allen makes the case for standardization and automation in the venture capital world
🥴 What is Actually Going On in VC Today?— It’s complicated: Samir Kaji refers to the VC market as a “Tale of Two Cities”
🧶 The Craft of Venture Capital: David Sacks explains the obsession with the craft
⠏ What are Pattern Breakers?: Mike Maples explains why pattern-breaking ideas and actions lead to outlier startups
TWEET
I have a theory that almost 100% of high achievers hate to lose more than they love to win.
My favorite MJ hating-to-lose story goes as follows:
MJ asked Jeremy Roenick (NHL great) to play a round of golf. Roenick had the day off, so he agreed.
Roenick: 'I beat him for a… x.com/i/web/status/1…
— Ben Little (@TRUmav)
1:26 PM • Jun 30, 2024
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FUNDS
Name | Fund Size | Fund Number |
---|---|---|
$3.2b | VI | |
$15m | I | |
$35m | II | |
$943m | 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
Newsletter Operator: The best newsletter we read about building a newsletter business.
Creator Spotlight: How the best online creators make it all happen.
POLL
Will we end the year with lower global venture funding than 2015? |
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- Clay
RESULTS
Here are the results from our poll question in yesterday’s piece:
If we were to build a step-by-step course / playbook on starting, scaling, and monetizing a newsletter, would that be something you would use?
🟩🟩🟩🟩🟩🟩 Yes - absolutely ✅ (17)
🟨🟨🟨🟨⬜️⬜️ No - not a chance ❌ (13)
30 Votes
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