OpenAI Clocks $3.4B in Revenue 🤖, NATO Innovation Fund💸, Future of Work🌐

Welcome to The VC Corner, your weekly dose of Venture Capital and Startups to keep you up and running! 🚀

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In-Depth Insights 🔍

• Venture Capital Distributions and AUM: An analysis of how venture capital distributions are affecting assets under management, with implications for LPs and GPs 📊 [PitchBook]

• Annual Prepay for SaaS: Discusses the benefits and strategies of annual prepay models for SaaS businesses, highlighting improved cash flow and customer retention 🔄 [Jason Cohen]

• OpenAI Clocks $3.4B in Revenue from ChatGPT Subscriptions: OpenAI has generated $3.4 billion in revenue from ChatGPT subscriptions, reflecting the growing demand for AI-driven solutions 🤖 [Analytics India Magazine]

• How the family office became one of the world’s fastest wealth generators. The sector has expanded from a small number of groups to about 15,000 offices worldwide and an estimated $5.9tn in assets 📈 [Financial Times]

• Deep Tech Hardware Napkin: A unique perspective on how deep tech startups can effectively communicate their innovative ideas even with simple tools like a napkin 📝 [First Momentum]

• Top 10 Must-Watch Movies for Entrepreneurs: Shares a list of essential movies every entrepreneur should watch for inspiration and valuable lessons 🎬 [Burak Büyükdemir]

• A Deep Dive on AI Inference Startups: Examines the technology, market potential, and challenges faced by AI inference startups in the evolving AI landscape 🤖 [

  East Wind
  ]

• Everyone’s Adding AI, But Does It Make a Difference?: Exploring whether integrating AI into products is truly accelerating growth or just a trend 🌟 [SaaStr]

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Interesting Reports 📊

• State of Tech in Africa: An in-depth look at the current technology landscape in Africa, highlighting major trends and key players shaping the future of the continent's tech industry 🌍 [TechCabal]

• Future of Work 2024: Insights and trends shaping the future of work, with a focus on remote work, digital transformation, and emerging technologies 🌐 [Sifted]

• Dealroom France Tech Update: A comprehensive update on the latest trends and key developments in the French tech ecosystem by Dealroom [Clement Aglietta]

  

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Recently Launched Funds 💸

• NATO Summit Innovation Fund: Venture capital takes the stage at the NATO summit with a new innovation fund aiming to boost tech advancements and political cooperation in Europe.

• Mundi Ventures raises $25M for Latam-focused insurtech. This funding supports innovations in the Latin American insurance technology sector.

• Spanish Government Approves €400M Social Impact Fund: The Spanish government has approved a €400 million fund dedicated to social impact investments, aiming to drive positive change and innovation in the social sector.

• DFJ Growth raises nearly $1.05 billion for its latest fund, focusing on supporting high-growth technology companies.

• NewView Capital targets $700M for venture secondaries. This fund aims to provide liquidity options for VCs and startups.

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Hottest Deals 💥

• Sequoia Capital's Insider Round for Stripe: Sequoia Capital backs an insider round for Stripe, reflecting continued confidence in the fintech giant's growth and innovation 🏦

• Byju's, once valued at $22 billion, now faces insolvency proceedings due to mounting financial troubles 😟

• LevelTen Energy secures $65 million in Series D funding to expand its renewable energy marketplace and accelerate global clean energy projects 🌍

• Thyme Care has raised $95 million in Series C funding to further develop its oncology care management platform, improving patient outcomes and care coordination 🏥

• Cardurion Pharmaceuticals has secured $260 million in Series B financing to advance its cardiovascular disease treatments and expand its clinical programs ❤️

• CatalYm raises $150 million in Series D funding to develop innovative cancer immunotherapies and accelerate its clinical trials 🌟

• AI Defence Startup Helsing secures $450 million in funding to advance its technology and expand its market presence 🚀

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VC Jobs 💼

• 360 Capital (Paris, France) is seeking a VC Analyst to join their team. The ideal candidate will have strong analytical skills and a passion for venture capital.
  Link: https://johngannonblog.com/job/vc-analyst-360-capital-in-paris-france/

• Dreamcraft Ventures (Copenhagen, Denmark) is looking for an Associate to support their investment activities. This role is ideal for someone with a background in finance or startups.

• Nauta Capital (Barcelona, Spain) is hiring a VC Analyst to join their team. The candidate should have a keen interest in early-stage tech investments.

• AXA Venture Partners (London, UK) is seeking an Associate to work on investments and portfolio management. The role requires excellent analytical and communication skills.

• Speedinvest (Berlin, Germany) is offering an internship opportunity for students or recent graduates interested in venture capital. This is a great way to gain hands-on experience in the industry.

• Atlantic Bridge (Dublin, Ireland) is seeking a VC Associate to join their global technology investment firm. This role involves deep tech investments and scaling internationally.

• Middlegame Ventures (Luxembourg City, Luxembourg) is looking for a VC Associate to identify, source, and evaluate new investment opportunities across Europe.

• Ship2B Ventures (Barcelona, Spain) is hiring a VC Associate to focus on investments in the healthcare vertical, improving the quality of life for vulnerable populations.

• 3VC (Vienna, Austria) is seeking a VC Associate to join their team, bringing a Silicon Valley-inspired approach to venture capital in Europe.