Friday Letter

A report from NewView Capital shares insights gleaned from more than a dozen tender offer transactions it has participated in over the past few years.

Goldman Sachs' purchase of Industry Ventures and Hobe Mountain Capital's spin-out from David Rubenstein's family office are signs that the venture secondaries business is only going to grow.

Faced with the lowest quarterly fundraising total in a decade, VCs must find a way to differentiate themselves – and deliver DPI.

By launching a new law firm focused narrowly on corporate and IP services, deeptech VC Anzu Partners is reducing the legal costs that often keep young companies from advancing.

In an especially difficult fundraising market, we are working hard to bring you more LP perspectives, including insights from family offices, foundations, endowments and major asset managers.

New LPs like Cathay Innovation's fund of funds, have provided VoLo Earth Ventures with access to European corporates, giving the firm more insight into corporate adoption of climate technologies.

Hamilton Lane says AI start-ups’ improving efficiency could lead to big payouts for VCs willing to do secondaries deals.

From cheaper back-up satellites and new manufacturing systems to vehicles that allow for development of drugs and other materials in microgravity environments, defense tech companies are attracting more attention from VCs.

Will the highly anticipated IPOs of Klarna and Netskope have a Figma-like impact on funds managed by Sequoia and Lightspeed Venture Partners?

SVB's innovation economy outlook for H2 2025 shows that while a greater focus on efficiency is making more companies profitable, AI funding may be changing the calculus for how many winners a fund needs.