Friday Letter

Does the IPO by drone software maker Swarmer signal the start of a wave of exits for defense tech companies or is it just a great outcome for a handful of VCs?

While almost half of respondents to a recent survey of high-net-worth women investors are in the earliest stages of engaging with private markets, 67% say they plan to invest $25k-$49k in venture funds this year.

What if you could get exposure to a hot AI company and be able to get quarterly liquidity if you desire? ABS, ARK and Liberty Street say they have the answer.

Tumultuous public tech markets are making investors increasingly wary of poorly thought out IPOs and more inclined to wait for signs that other IPO companies are performing strongly.

A total of 127 women-led venture capital funds closed on a combined $2.45 billion in 2025, according to Venture Capital Journal's exclusive research.

Emerging managers outperformed established peers across all the important acronyms – IRR, TVPI, RVPI and DPI, according to new research.

Encouraged by Google’s launch of a new agentic commerce protocol, some VCs are on the lookout for start-ups developing technology that would streamline consumer shopping with minimal human intervention.

AI is driving a fundamental shift in how software companies build applications that deliver measurable productivity gains, a new report says.

While a handful of debut and sophomore funds have closed in recent months, their success has largely depended on notable track records at established firms, industry experience and compelling investment theses.

Women-led VC firms raised their lowest yearly total since 2022 last year, but their share of total venture fundraising stayed above 2022 levels.