TBVN - Tech Business Ventures Network

You don't need 60 newsletters on private markets. You only need these 10. Save it for the weekend. 1. Mario Gabriele (@mariogabriele) - The Generalist Mario goes way too deep on one company a week, in the best way. You come out knowing the business better than people who work there. 2. Dan Primack (@danprimack) - Axios Pro Rata If a deal happened, Dan already wrote the five sharpest sentences about it. 3. Eric Newcomer (@EricNewcomer) - Newcomer The guy who gets the scoops on what's really going on inside VC firms, and isn't shy about writing them. 4. Byrne Hobart (@ByrneHobart) - The Diff Like having the smartest person you know explain how finance and tech connect. Dense, but worth it. 5. Samir Kaji (@Samirkaji) - Venture Unlocked Where the LP and GP world stops being a black box. If you're raising or allocating, just subscribe. 6. Uninvited Capital -> uninvitedcapital.substack.com Original data and deep research on private markets, plus the week's most important moves. For LPs and GPs who want the real numbers. 7. Tomasz Tunguz (@ttunguz) The SaaS and venture benchmarks everyone ends up screenshotting for their board decks. Tomasz just posts them. 8. Odin (@JoinOdin) Odin's research makes you question what you assumed about how venture works. Power laws, why pattern-matching flops, all of it. 9. Murph Capital (@murphcapital) Research, events, and community built for emerging VCs. A good read on where the next wave of managers is heading. 10. Citrini (@citrini) Calls the big themes before the timeline catches on, then tells you how to trade them. Was early on AI and GLP-1. Who do you read that we missed? Tag them.

Bill Gurley: Anthropic Thinks It’s Building God @Jason: It is the ultimate level of narcissism and delusion of grandeur to think you can create God. @bgurley: “Anthropic is a mystery to me. I've never, ever seen a company that is both leading their field and the most negatively outspoken commenter on what they do. And my initial theory was the regulatory capture theory. Quite frankly, I think they're very close to achieving that. But then they just got so loud that I've literally, in the past 30 days, read everything I can about Anthropic, and I've come up with a new theory. I call it the Dr. Frankenstein theory. The more I dig, I've met people who, I dare say, think it's their responsibility, and they're excited about, building a species that's superior to humans. Dario wrote this blog post called ‘Machines of Loving Grace.’ It was based on a poem. The last stanza of the poem says, ‘I like to think of a cybernetic ecology where we are free of our labors, and joined back to nature, returned to our mammal brothers and sisters, and all watched over by machines of loving grace.’ Sounds like an overlord to me. And then in Dario's post, he says, ‘It could be a capitalist economy of AI systems which then give out resources to humans based on some secondary economy of what the AI systems think makes sense to reward in humans…’ So I don't think they think they're writing software. I think they're midwifing a deity here.” Jason: “These are delusions of grandeur. Let's call it what it is. They believe that they're so powerful, these individuals, that they can create God, and that by creating God, they are like this Prometheus kind of species. It literally is the ultimate level of narcissism and delusion of grandeur to think you can create God.”

.@danshipper: "Automation is a lie. Every time you automate something, you need a human on top of it, making sure that it continues working."