State of Pre-Seed🌱, Gulf money is flooding into European startups🌏, Looking for AI use-cases🧐
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Top Headlines 🚨
Meta is Going Open-Source 🔓 [Strachery]
Workforce management software outfit Rippling is on the cusp of closing a new, $200 million round of funding at a hefty $13.4 billion valuation led by Coatue 💸 [TechCrunch]
Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M 🤖 [TechCrunch]
Gulf money is flooding into European startups — these are the most active investors 🌏 [sifted]
Exowatt, a Miami, FL-based renewable energy company, raised $20m in seed funding. Backers included a16z, Atomic, and Sam Altman 🌞 [FinSMEs]
TLcom Capital closes second fund at $154M to back early-stage startups across Africa [TechCrunch]
In-Depth Insights 🔍
Looking for AI use-cases 🧐 [Benedict Evans]
Balancing Story and Spreadsheet: Building Long-Term Value Through the Cycle 🖇️ [tidemark]
Why Meta CEO Mark Zuckerberg is willing to give away a $10 billion AI model 🎁 [the decoder]
Reddit's growth to 1 billion monthly users, explained 🚀 [Bandan Jot Sigh]
How first-time founders fail. Lessons from the founders of Supabase, Mailgun, and Teleport 🛠️ [Andy Vandervell]
The US has more startups than VCs can support 💡 [Pitchbook]
Start Where You Are - Or why you should embrace where you are since you can’t be anywhere else 📌 [Michael Wolfe]
Big Winners and Bold Concentration: Unveiling the Secret Portfolio Returns of Leading Venture Funds 🎯 [Jason Shuman]
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Interesting Reports 📊
The Big Book of Venture Capital - Q1 2024 update 📘 [Rohit Yadav]
State of Pre-Seed: Q1 2024 🌱 [carta, Peter Walker]
The prevalence and co-occurrence of psychiatric conditions among entrepreneurs and their families 🧠 [Michael A. Freeman, Paige J. Staudenmaier, Mackenzie R. Zisser, Lisa Abdilova Andresen]
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great Sunday read thank you
Great information. Keep it up.