Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence💰, What Is A "Good" VC?💡, SaaS Growth Report☁️ & more!

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

---

• Fundingstack sponsors this week’s newsletter:

Raising capital is hard. Make it exponentially easier with Fundingstack, the all-new platform for VCs, investment bankers, advisors and consultants from the makers of Foundersuite which has helped companies around the world raise $17 Billion.

Search a database of 216k investors, including LPs, family offices, funds of funds, endowments, trusts, wealth managers, VCs, and angels. Manage your pipeline using Investor CRM. Send out pitch decks, investor updates and follow up emails from the platform. Use the Virtual Data Room to manage DD, and more.

Sign up today at Fundingstack and use code "VCCorner" to get 30% off your first 3 months. No contracts, cancel anytime.

---

Top Headlines 🚨

• Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence 💰 [The New York Times]

• OTB Ventures has closed its $185m fund with NATO Innovation Fund as an LP 🤝 [sifted]

• Italy to set up AI fund of 1 billion euros, PM says 🤖 [Reuters]

• Y Combinator Is Raising Billions In New Funding 🚀 [Forbes]

• Reddit pops 48% in NYSE debut after selling shares at top of range 🎉 [CNBC]

• Michael Seibel Steps Down as YC’s Managing Director/CEO 👋🏽 [Y Combinator]

• World Fund closes first €300M climate tech fund, seeking to follow on and back hardware 🔋 [TechCrunch]

---

In-Depth Insights 🔍

• What Is A "Good" VC? 💡 [Elad Gil]

• Is Perplexity’s AI Dethroning Google with Its Own Data? 🤔 [contxto]

• AI infrastructure explained 🔧 [salesforce ventures]

• How the Fed and Interest Rates Impact Startup Operators 🏦 [CJ Gustafson]

• When your cap table makes your startup uninvestable 💔 [techcrunch]

• High-quality principles to support your Product-Led-Growth 🌟 [Kate Syuma]

• Angel Hacks: 3 Myths Founders Believe In and You Should Not 😇 [Cintia Mano]

• Letters to a Young Investor: Ho Nam 👶 [Mario Gabriele]

---

---

Interesting Reports 📊

• India Venture Capital 2024 📈 [Bain & Company]

• SaaS Growth Report: How SaaS Businesses Grow From Zero to $30M ARR and Beyond ☁️ [ChartMogul]

  

• Consumer Trend Report 🛍️ [Forerunner Ventures]

---

Upcoming Events 📅

• Global Summit 2024 | Paris | Mar 25-28

• HEC Fireside Chat x Sequoia Capital | Remote | Mar 26

• Startup Survival Series: Disruption? Not What You Think | Remote | Mar 28

• 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

• How To Run A Pilot: Skan.AI | Remote | Apr 16

• AI Conference for Founders and Business Leaders | Remote | Apr 19

• 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

• Plug and Play Italy Summit 2024 | Milan | May 16

• 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