StrictlyVC

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“The good case is just so unbelievably good that you sound like a really crazy person to start talking about it. And the bad case — and I think this is important to say — is, like, lights out for all of us.” youtube.com/watch?v=ebjkD1…

“Hunter Walk, a partner at venture firm Homebrew who himself has publicly admitted some of his misses, called anti-portfolios 'performative BS.'” wsj.com/articles/ventu…

In a new interview with the WSJ, FTX founder Sam Bankman-Fried continues distancing himself from trading firm Alameda Research, even though he owned 90% of it wsj.com/articles/ftx-f…

Always a pleasure catching up with @Cookie this time for the @StrictlyVC - great podcast for a cosy Saturday around egg freezing, the opportunity to build the womens health biotech & the past year at @GametoGen- which is “beginning to take shape” podcasts.apple.com/us/podcast/a-h…

@DinaRadenkovic @Cookie @GametoGen always enjoy talking with you!

Alex Wiltschko, an EIR at GV (Google's venture arm), is setting out to digitize scent. One benefit could be machines that sniff out diseases. Listen to his conversation with StrictlyVC here. buzzsprout.com/850276/11417728

Spoke with @cookie about how we evaluate whether ideas are big enough. Part of our Reactor program for students is to help them learn our process so they leave knowing what venture scale looks like: podcasts.apple.com/us/podcast/flo…

A judge ruled in favor of Illumina in its $7.1 billion acquisition of cancer-testing developer Grail, dealing a defeat to a Federal Trade Commission challenge that signaled more-aggressive antitrust enforcement wsj.com/articles/illum…

Instacart is acquiring AI-powered pricing and promotions platform Eversight tcrn.ch/3wNIl51

Coming out of COVID, investors lose their taste for board meetings tcrn.ch/3TxImnm

Pear VC's Anand Iyer goes solo with new $20M fund for crypto developer tools tcrn.ch/3NOmW1t

"At top firms such as Andreessen Horowitz, salaries and bonuses alone for partners can stretch into the multimillions, according to people familiar with those firms." A deep dive into VC compensation: theinformation.com/articles/vc-pa… via @theinformation

China's Zhiyi Tech raises $100 million to help fashion brands predict bestsellers tcrn.ch/38qI8Lv

Journalist Eric Newcomer takes a look at who is managing how much, reporting Paradigm's assets have hit $13.2B, a16z's AUM has reached $54.6B, and Sequoia's holdings are now $85.5B(!). Much more here: newcomer.co/p/scoop-crypto…

SEC issues subpoenas in Faraday Future SPAC investigation tcrn.ch/378w5SI

Scoop: The controversial crypto startup @worldnetwork is raising $100 million from Andreessen Horowitz and Khosla Ventures to build more eyeball-scanning orbs. theinformation.com/articles/andre…

New data shows how far VCs are pulling back on U.S. Series A, B, and C valuations tcrn.ch/3ieFLNv

Tesla hikes car prices in the U.S., China after Elon Musk warns of inflation pressure cnb.cx/3q2r7NB

Ex-Meta employees raise $200M from a16z, Tiger, Multicoin to realize Facebook's crypto dreams tcrn.ch/3tf11JA

Oops. Apologies to Genies (and to prospective investors of Genies), which we included in "massive fundings" yesterday, stating it had newly raised $100M. The company has raised $100M to date, per a WSJ story to which we linked but misread. preview.mailerlite.com/y0z0b2u7x4