North America

The ongoing shift from big, expensive military assets like battleships and fighter jets to smaller, more agile and less costly ones positions Anduril and other venture-backed companies to win more government and commercial contracts and draw more capital from investors.

Mismatched valuation expectations are impeding defense tech acquisitions.

The sovereign wealth fund committed to new funds managed by 8VC, DCVC, J2 Ventures, Lightspeed Venture Partners, Lowercarbon Capital, Menlo Ventures and TCG Crossover Management.

In part 23 of his series on venture debt, Zack Ellison from Applied Real Intelligence concludes a three-part deep dive on convertible notes, and walks through an example of a convertible note decision tree, complete with scenario probabilities, financial outcomes and expected value modeling.

CVs are gaining momentum in the VC industry as more venture firms use them to extend ownership of prized assets and generate liquidity for LPs.

'One of the things we’ve changed over the past couple years is we’re getting exposure to earlier rounds,' said UNF CIO Brian Neale.

New legislation that sets clearer rules for the sector is helping drive increased investment and adoption by mainstream financial institutions.

Here’s how VCs should think about diagnosing, managing and resolving challenges of upside-down cap tables, which undermine stakeholder alignment and threaten the viability of portfolio companies, writes attorney Davis Mello of Bass, Berry & Sims.

Investors are on pace to commit to 10% fewer venture funds this year, according to Venture Capital Journal research.

Former Intel Capital directors closed on $305m for their third flagship fund, which will make direct secondary purchases from founders, employees and early investors in data infrastructure, cybersecurity, fintech, robotics and next-gen gaming companies.