📶 back to the VC Stone Ages

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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.

Check it out here and let us know what you think.

TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• 📶 Recs

• 🗳 Poll

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)

Together with Confluence.VC Pro
“This one subscription got me promoted …” 🤫

If you …

1) like this newsletter

2) are looking for something that improves your odds of getting promoted

We think you’d Confluence.VC Pro subscription.

Whether you’re looking for more interesting companies, a behind-the-scenes look at how we’re growing our business, or bundles on every product we’ve ever built.

We have a plan for you (check them out here).

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

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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

• 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:

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