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Where technology and venture capital intersect: A deeply reported newsletter on the inner workings of the startup industry. Helmed by Eric Newcomer with writing from Madeline Renbarger and Tom Dotan.

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California's Billionaire Tax Heads for the Ballot. A Compromise Would Serve Everyone Well.
California's Billionaire Tax Heads for the Ballot. A Compromise Would Serve Everyone Well.

Voice AI Investment Surges as Enterprise Applications Gain Traction
Voice AI Investment Surges as Enterprise Applications Gain Traction

A Top India Fund Shows One Path for a Different Kind of VC
A Top India Fund Shows One Path for a Different Kind of VC

Stakes Keep Getting Higher for the SpaceX IPO
Stakes Keep Getting Higher for the SpaceX IPO

xAI's Move to Buy Cursor Shows the Promise & the Risks for AI Applications Startups
xAI's Move to Buy Cursor Shows the Promise & the Risks for AI Applications Startups

We're Back. The Cerebral Valley AI Summit Returns to London on June 24.
We're Back. The Cerebral Valley AI Summit Returns to London on June 24.

US Public Opinion Is Shifting Hard Against AI. Is it Simply a Messaging Problem?
US Public Opinion Is Shifting Hard Against AI. Is it Simply a Messaging Problem?

At Shield AI, a Young Product Guru Fights for God & Country
At Shield AI, a Young Product Guru Fights for God & Country

Rapid Improvements in Foundation Models Surprise Even the Optimists
Rapid Improvements in Foundation Models Surprise Even the Optimists

What the Heck Is Happening at OpenAI? Our Bonkers Monday Cliff Notes
What the Heck Is Happening at OpenAI? Our Bonkers Monday Cliff Notes

Mega-IPOs From SpaceX, OpenAI & Anthropic Will Test Retail Investor Faith
Mega-IPOs From SpaceX, OpenAI & Anthropic Will Test Retail Investor Faith

Anthropic Buys Stealth Dimension-Backed Coefficient Bio in $400M+ Stock Deal
Anthropic Buys Stealth Dimension-Backed Coefficient Bio in $400M+ Stock Deal

SCOOP: Y Combinator Startups Land Checks, Gather Hype as Neo & Others Vie for Talent
SCOOP: Y Combinator Startups Land Checks, Gather Hype as Neo & Others Vie for Talent

Harvey & Legora in a Land-Grab Race for Dominance of Legal AI
Harvey & Legora in a Land-Grab Race for Dominance of Legal AI

Mintlify, Serval, ElevenLabs & Anthropic Top Enterprise Tech 30 VC Survey
Mintlify, Serval, ElevenLabs & Anthropic Top Enterprise Tech 30 VC Survey

Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030
Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030

Silicon Valley Learns to Love the Government — at Least When it’s Friendly
Silicon Valley Learns to Love the Government — at Least When it’s Friendly

VC Returns Revealed: Bessemer India’s Slow-Build Strategy Put to the Test
VC Returns Revealed: Bessemer India’s Slow-Build Strategy Put to the Test

The Trials of Satya Nadella
The Trials of Satya Nadella

Big Guns Including Bezos & Blackstone Join the AI Transformation Fray
Big Guns Including Bezos & Blackstone Join the AI Transformation Fray