📶 50% of YC W24 is AI

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Good morning 👋

Startup accelerators are a topic of conversation for a lot of people in the startup world.

Are they legit? Are they worth it? Who is the best?

We can’t answer all of those questions, but we have some data in today’s piece that might help.

Let’s jump right into it.

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TL;DR:

• 📰 News

• 🔗 Links

• 🐥 Tweet

• 💰 Funds

• 📶 Recs

• 🗳 Poll

HEADLINES
AI takes over YC #️⃣

• Right Off The Batch: 50% Of YC W24 Is Built With AI. Who Got Funded? (Crunchbase)

• LPs want infrastructure exposure, despite muted fundraising (Pitchbook)

• Venture debt: How to fundamentally get it right (Venture Capital Journal)

• Decagon emerges from stealth to provide ‘human-like’ AI agents, transforming customer support for enterprises (VentureBeat)

• A buyout gone wrong creates fireworks in the private credit market (FT)

• Europe spurs investment in defense tech start-ups (FT)

• Apple Scraps In-House Buy Now, Pay Later Loans (The Information)

• Zal Bilimoria just raised a $50M fourth Refactor Capital fund, and still relishes his solo GP status (TechCrunch)

• SurrealDB is helping developers consolidate their databases(TechCrunch)

• Bitsensing raises $25M for its high-resolution radar in autonomous driving (TechCrunch)

• CuspAI raises $30M to create a Gen-AI-driven search engine for new materials (TechCrunch)

LINKS

⚖️ The ROI of Joining an Incubator or Accelerator: Data-Driven VC crunches the numbers

👑 Content Rules: How to serve great content again and again

🧐 Stripe Sessions Takeaways: What’s going on from the company in charge of growing the GDP of the internet

📈 Passing $10m ARR: Tyler Denk (founder @ beehiiv) shares his story

🌱 Quiet Compounding: What slow growth actually means

💬 The Michael Scott Theory of Social Class: “The higher you ascend the ladder of the educated gentry class, the more you become Michael Scott”.

🐶 Let Sleeping Dogs Lie: Erik Torenberg’s advice about what you can control and being flexible with what you can’t.

🔄 The Hype Cycle of a Venture Career: Only optimism and faith in talented people belong in the venture business.

📶 21 Lessons from Erik Serrano: Gold from the CEO of Stable Asset Management.

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 VC Insider: Our new favorite newsletter for junior VCs.

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

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

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:

Which new unicorn is most interesting to you?

🟨🟨⬜️⬜️⬜️⬜️ xAI (4)

🟨🟨🟨⬜️⬜️⬜️ WEKA (6)

🟨⬜️⬜️⬜️⬜️⬜️ Farcaster (2)

🟨🟨🟨⬜️⬜️⬜️ Humanity Protocol (5)

🟨⬜️⬜️⬜️⬜️⬜️ Altruist (3)

🟩🟩🟩🟩🟩🟩 Sigma Computing (10)

30 Votes