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Top Headlines 🚨
Elon Musk’s xAI Seeks Up to $4 Billion to Compete With OpenAI 🤖 [Bloomberg]
Serena Williams Has Invested In 14 Companies That Have Gone On To Reach Unicorn Status, A Value Of $1B Or More 🦄 [Afrotech]
North American Startup Investment Perked Up A Bit In Q1 💼 [crunchbase]
The majority of French VC funds for retail investors fail to deliver 📉 [Citywire]
Toyota Puts $300 Million Into VC Funds for Climate, Science Startups 🚗 [Bloomberg]
Megarounds make a comeback in Europe. There were 42 rounds over $100m in Q1, the most since Q2 2022, and climate tech startups scored the big cheques 💰 [sifted]
Collison brothers’ Stripe raised $694 million in stock sale 💸 [Business Post]
Cornerstone Ventures launches second fund with $200 million corpus 🚀 [The Economist]
In-Depth Insights 🔍
VC Money Makes You Dumb. Simply asking the question "What would a bootstrapped company do?" is sometimes all you need 💡 [OnlyCFO]
Why they invested: Perplexity 🧐 [Signature Block]
SaaS CoGS vs. Opex. Understanding Gross Profit Margins 📊 [Dirk Sahlmer]
Extreme PMF : Sustaining Success with Scale 💪 [Tomasz Tunguz]
The State of Generative AI, 2024 🤖 [Alberto Romero]
Emerging managers dominate fund count in impact 🌱 [Pitchbook]
Interesting Reports 📊
2024 AI 50 🏆 [Forbes]
NVCA Venture Monitor 🔍 [Pitchbook]
Doing Diligence Well in Venture Investing: Going back to the future 🕵️ [TDK Ventures, 6Pages]
Useful Tools 🔧
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Upcoming Events 📅
Data-Driven VC Summit | Remote | May 5-8
Startup Competition - RAISE Summit 2024 | Paris | Apr 8
GP/LP Roundtable: State of European VC Fundraising | Remote | Apr 10
The AI Rabbit Hole | San Francisco | Apr 19
SF Climate Week | San Francisco | Apr 21-27
On building a $1B company with a small team | Toronto | Apr 29
How To Run A Pilot: Skan.AI | Remote | Apr 16
AI Conference for Founders and Business Leaders | Remote | Apr 19
Want to start a startup? Meet all the YC partners | Boston | Apr 20
AVPN Global Conference 2024 | Abu Dhabi | Apr 23-25
VC Platform - Global Summit ‘24 | New York | Apr 24-26
Investing in Tomorrow - Advancing Technology & Society | San Jose, California | Apr 25
EU-Startups Summit | Malta | May 9-10
0100 Conference CEE 2024 | Prague | May 14-16
Plug and Play Italy Summit 2024 | Milan | May 16
Tech Fest 2024 | Toronto | May 20-24
Global Fashion Summit | Copenhagen | May 21-23
The LP/VC relations event | Vienna | Jun 1-6
Silicon Valley Summit 2024 | Jun 11-13
Super Climate | New York | Sep 24
sifted summit | London | Oct 2-3
Thanks for sharing
Would be interesting to see what Toyota has in mind for their climate tech investments. Japanese OEMs have had a different philosophy vs the rest of the world with regards to EVs in that they’re playing the long game with hybrids.