Anne Augusta Blum

I had the most wonderful night hosting a platform din with some of the best VCs in NYC! Nothing more fun than talking shop & laughing a lot… the best! 🥳 @anniesko_ @anneablum @gilbirnboim @kcolburn2011 + Alice + Ashton

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Seven signals An evolving VC investment decision framework I am going to try to put down into words something I've been reflecting on for a few weeks. Maybe the act of writing it will bring some clarity, and I genuinely hope some of you will write back with some ideas on how to refine my thinking here. Recently, I've been thinking about how - if at all - my framework for evaluating venture investment decisions has evolved since Angular Ventures got started back in 2018. The tech landscape and VC ecosystem have certainly changed, so it might be time to revisit some basics here.

The End State of the “End of Software” The Angle Issue #258 AI tools are making building software effortless. Maybe the real shift isn’t the end of software - but software becoming content. @edavidpeterson unpacks it all in the latest newsletter. newsletter.angularventures.com/p/the-end-stat…

At our AGM earlier this month, we shared our perspective on how venture is evolving — and how the market is now clearly dividing into five distinct swimlanes. @gdibner breaks it all down in the latest The Angle. newsletter.angularventures.com/p/five-emergin…

On Swimlanes 🏊 The Angle Issue #257 newsletter.angularventures.com/p/five-emergin… via @AngularVentures

How do you set your opportunity apart when hiring? You get super specific…. newsletter.angularventures.com/p/why-you-why-…

So many gems from our first-ever portfolio sales kickoff in NYC last week, but @edavidpeterson highlights a few particular favourites in the Angle this week newsletter.angularventures.com/p/recapping-an… via @AngularVentures

Expanding the team. We are also incredibly excited to announce that @hazelmulhare has joined Angular to focus on building our network globally.

@AngularVentures III. $125m. Let’s do this 🚀

Excited to announce @AngularVentures Fund III! $125M for technical founders tackling the toughest markets. Also, hugely excited to welcome @hazelmulhare to lead our network building activities globally! In my experience, nothing is as impactful for a company as putting the right person in the right place at the right time. And this is Hazel's superpower. We're so happy to have her on the team.

Super excited to finally announce Angular Ventures III at $125M. We closed the fund in late 2023 (2x oversubscribed) and began deploying in 2024. As always, we remain dedicated to backing determined technical founders across Europe and Israel solving today’s most complex problems. buff.ly/4jKHicE

The five hardest-to-land pieces of advice for founders: 1. Raise less. 2. Cut deeper and faster than you think you need to. 3. Smaller teams can outperform bigger teams. 4. Never ever take venture debt. 5. (For B2B) Don't be afraid to raise your minimum price & fire customers

New blog post: The Venture Apocalypse link.medium.com/CE4RgJp8NMb

New blog post: No sleepwalk to success. Engineering success in a technical startup I’ve spent 20 years investing in and working with deeply technical founders at a very early stage. Looking back, there seems to be one overwhelming determinant of success for those technical teams. In my experience, success is highly correlated with how obsessive a founding team is about developing an extraordinarily efficient go-to-market (GTM) machine. At first blush, this statement may seem obvious. I even hesitated if it was worth trying to write about it — as I feared I would get accused of stating the obvious. But I’m going to attempt it. If it changes the trajectory of one company, it’s worth it. medium.com/angularventure…

"For early-stage companies, clear and effective website messaging is not just an asset — it’s a necessity." @anneablum from @AngularVentures put together an awesome article about messaging. Thanks @edavidpeterson Article: medium.com/angularventure… Here are 8 great insights 👇

Excited to share that lunar.dev is out of stealth and has raised a $6M seed round from Uncork Capital & @AngularVentures! Lunar.dev enables engineering teams to have complete oversight over their API usage. Congrats Eyal & Roy! calcalistech.com/ctechnews/arti…

Congrats, @lunardevapi! Delighted to be a backer from day one. Lunar.dev wants to help developers take control of third-party API costs tcrn.ch/3QP3VAr via @techcrunch

Entire categories of startups got killed today by OpenAI at DevDay. It was total carnage for AI startup founders as @sama threw one new feature after the other at them. Here are some startup categories that won’t exist starting tomorrow: 1. Closed Source LLMs: OpenAI launched GPT-4 Turbo which has 128K context length and is 2.75x cheaper. 💀Anthropic 💀Bard 💀Cohere 2. Text to Speech APIs: OpenAI now provides a Text to Speech API with 6 human-like voices. 💀Eleven Labs 💀PlayHT 3. ‘Chat with Your X’ Apps: OpenAI now supports built in RAG. 💀Chatbase 💀ChatPDF 💀SiteGPT 💀Cody 4. Vector Databases: Devs will say goodbye to vector DBs now that RAG is supported by GPT APIs. 💀Pinecone 💀Chroma 💀Qdrant 5. AI Development Frameworks: No one will use frameworks to develop on top of LLMs, everyone will just use OpenAI since it’s so easy to build AI apps with the Assistants API now. 💀Langchain 💀LlamaIndex Is there any category I missed?

I was looking forward to participating in and speaking at WebSummit. In light of these comments that show a complete lack of moral clarity, I have no choice but to cancel my participation. I know I am joining several other people in making this decision. I unequivocally condemn the actions of terrorists in targeting civilians, and I fully support the right and obligation of the Israeli government to defend its people in accordance with international law and humanitarian principles. I expect responsible public figures such as yourself to do the same. #IStandWithIsrael #CancelWebSummit