Competitive Strategy

155. 和科沃斯钱程聊，父与子、企二代接班的样本与肌理、机器人，和我内心的追寻

Axios Pro Rata: Playground fight

How Toto Wolff built the most valuable team in F1

Christina Cacioppo - Building an Enduring Software Company in the Age of AI - [Invest Like the Best, EP.496]

This 3-hour Elizabeth Holmes doc broke our brains

MiniMax Takes a Shot at OpenAI and Anthropic

Brian Chesky Says Every Company Has the Same AI Tools. Airbnb Ships 80% More Features Anyway. Here Is How.

What Happens When Everyone Has a Health Expert in Their Pocket? | OpenAI’s Karan Singhal

20VC: You Need $1BN To Do Seed Today: The Untold Truths of Venture | Who Wins and Who Loses in the Next Decade of VC | Why Margin and Price Matter Less in a World of AI with Sameer Dholakia, Bessemer

Seinfeld

Dylan Field: Is AI Replacing Designers?, Design is the New Code & Democratizing Creativity

We put a multimillionaire’s portfolio into Claude (the results shocked us)

Mercury Crosses $1 Billion Annualized Revenue, CEO Shares on the Newcomer Podcast

CoreWeave's trump cards

Apollo’s Yahoo Playbook, 5 Years After the $5B Deal

BREAKING: One of Apollo’s Fastest-Returning Deals

Do You Trust Apple? (Stratechery Article 10-19-2026)

In Order To Raise From a VC, You Need To Think Like a VC

🔥What's Happening in the Markets Right Now? Inflation Is Back, M&A Nears Record Highs & Premiums Cool

20VC: Horizontal vs Vertical Agents: Who Wins | Model Routing: Commodity or Increasing in Value | The Future of the Inference Market | Why Founders Should Take Discounts for Tier 1 Firms with Harrison Chase, LangChain

CoreWeave Crash, AI Trade Cracks, Anthropic IPO Red Flags, Bill Gates Doomer

352 Investors Who Take Cold Pitches (and the Order to Pitch Them In)

Why AI Could Finally Fix Healthcare Access | Zocdoc CEO Oliver Kharraz

Venture’s chivalric myths

the 6 traits of people who can’t stop making money

Investors Turn on Data Center Builders as Rising Interest Rates Dampen the AI Trade

Vercel CEO Guillermo Rauch on Building the Internet for Agents

BREAKING: $9.3B Vercel on AI’s Infra Outlook

Home At Last (This Week in Stratechery)

Higgsfield Hit $1B in Annualized Revenue in 18 Months. Cursor Needed 24. Here Are Alex Mashrabov’s 10 Calls

20VC: The Pro-Rata Battle: Valar Atomics Sues Day One Ventures | Meta Returns to the AI Frontier With Muse Wonder | NVIDIA Eyes $30B Reflection Deal & Jev Raises $870M at a $7.5B Valuation

💰 Anthropic's money bags

Axios Pro Rata: Founders vs. fiduciaries

The company building underwater drones for $50,000

Chart of the Day

60: Patrick Hsu - Speedrunning the Infinite Game

State of VC Fundraising: Q3 2026

Lightsprint’s $6.1M Seed Deck: The 8 Slides That Won Over YC and 645 Ventures

When AI Agents Start Spending Your Money | Alex Rampell & Terry Angelos

154. 对Dyna创始人Lindon的3小时访谈：机器人世界的迷雾、分歧与抉择，修心、《沉思录》与王阳明

184: 与陈哲的「具身季报26Q3」：Astra冲击后，通用模型会吃掉Robotics吗？

🛡️ Safety spending

💥Why You Need a New CFO, Small Funds Disappear, Optimal Portfolio Size, Future Path for AI Labs & More

Report: Your last-gen SaaS holdings have a closing window

BREAKING: Harvey x Sourcery

Harbor Raised $10M to Insure AI Agents in Its First Year. Here Are the Deck and the Memo

Rippling's Outbound GTM Strategy Is Worth $17B

The Truth: Why Lean AI Startups Are Beating Everyone Else

Can Open Models Keep Up With the AI Frontier? | Nathan Lambert

Two Types of Startups: Spikes and Explainers

🤺 Silicon rivals

David Vélez - Building Nubank and the Future of Global Banking - [Invest Like the Best, EP.495]

Your GTM Agents Work in Seconds. Your Playbook Still Changes Once a Quarter

20VC: Atlassian CEO on Why Agents Won't Replace Interfaces | Why Enterprises Won't Trust Chinese Models | Why The Jury Is Still Out On The Benefits of Specialised Models with Mike Cannon-Brookes

Martin Shkreli: Big Pharma's Blind Spot, Betting Against Quantum & What Prison Taught Him

3 embarrassing moments that changed my life

Hyperscalers double-dip the chip

Perplexity CEO: SMBs Could Drive the Next Economic Boom

BREAKING: Aravind Srinivas, Perplexity

Altro Health Success Story. 10 OOTB questions to founder Cheryl Sew Hoy

20Sales: Inside Ramp's Sales Playbook: How to Build a $1.7BN ARR Sales Machine with Max Freeman, SVP Sales @ Ramp

Is Claude Conscious? Pope Rejects, Model Welfare Movement, OpenAI's Math Backlash, France Riots

Mark Zuckerberg Launched Muse Despite Internal Safety Concerns

What Makes a Great Entrepreneur? | Ben Horowitz on Vintage x Vintage

Competing ARR Estimates & Fuzzy Valuation Math in the Spotlight as Markets Get Edgy

It’s Not You, It’s Me (This Week in Stratechery)

Trump Administration Freezes Skilled-Worker Immigration Programs for Microsoft and Others

Instinct Went From $2.5B to $10B in a Month on $0 of Marketing. Noah Shinn, 23, Explains How.

These Famous VC Mistakes Still Teach the Best Investing Lessons

Chips, Memory, and Power | Pat Gelsinger

20VC: Cognition vs Factory: Vinod Khosla Creates a Storm | OpenAI Nears $70B Run Rate: Anthropic Under Threat | ElevenLabs Doubles Its Valuation to $22B & Salesforce Buys Listen Labs for $2B

59: Joe Gebbia - Design We Deserve

Luca Ferrari: The Operating System Behind Bending Spoons

USV’s New $900M Fund: Fred Wilson, Rebecca Kaden & Mike Mignano

BREAKING: USV Raises $900M in New Funds

Can AI Agents Actually Use a Computer? Here's the Real Answer

Building the Cloud for an Agentic World | AWS CEO Matt Garman

Build Your Own Stock Analyst With ChatGPT and Instinct

How Valon Rebuilt a $13 Trillion Industry From Scratch

📖 Trump's new playbook

9 Videos from Machine Earning: Town’s Jean-Denis Greze, Lead Bank’s Jackie Reses, Chime’s Ryan King & More

Google's AI Infrastructure Chief, Amin Vahdat, on the Physics & Economics of Frontier AI

20VC: Is Seed Investing Dead Without a $1BN Fund? | Does Ownership and Price Matter When Companies Can Be $1TRN Exits | Are AI Revenue Numbers Real and What to Watch Out For with Venky Ganesan, Menlo Ventures

3 businesses we think are about to blow up

John Collison, Stripe: AI Agents Will Rewire the Internet

BREAKING: John Collison, Stripe

Apple and a Hacker’s Future (Stratechery Article 10-5-2026)

The Top 100 Consumer AI Apps: Who’s Actually Paying?

Tiny Health Success Story. 9 OOTB questions to founder Cheryl Sew Hoy

The Harness Is the Product: 6 Decisions That Turn an AI Agent Into a Worker You Can Leave Alone

The $5T AI Opportunity🤖, The Only Reason to Raise Venture Capital⚖️, The Great AI Capital Misallocation🏗️

David George & Jack Altman on AI, Autonomy, and the Next $25 Trillion

20VC: The Future of Datacentres: What You Need to Know | Why Everyone Gets GPU Depreciation and AI's Energy Costs Wrong | Who Really Makes Money From AI & Why Most Moats Don't Exist with Chase Lochmiller

Google Wins a Big Victory Over Publishers

Beyond the God Model | Alex Atallah & Amjad Masad

Do you know a guy?

Trump's Super Intelligence Summit, AI Safety Accord, GDP Beats, Midterm Predictions

The OWID Brief: US immigration, deforestation, foreign aid, and more.

Dots and Question Marks (This Week in Stratechery)

Why AI Agents Can Beat the Incumbents

183: 与Henry的「AI季报26Q3」：Muse引爆个人助理、Astra进入机器人、OpenAI收入猛增

20VC: Instinct Raises $1B at $10B Valuation | AMD Buys Fei-Fei Li's World Labs for $8.2B | Meta Poaches MongoDB's CEO | Bessemer Raises $5.75B | Oura Pulls IPO & Nubank Eyes $8–12B Monzo Takeover

🦸 AI's super rebrand

Chart of the Day

Si Sheppard – How did a few hundred Spanish soldiers topple two empires?

SCOOP: Benchmark Backs Early-Stage Startup Tendrils Compute as Chip Momentum Builds

Edition #17: 51 New Funds, 50 Fund of Funds LPs, Q2 2026 Performance Benchmark

The FTC Is Investigating OpenAI, Anthropic, and Other Leading Labs

What AI Agents See When They Look at Your Pricing

Building the Agentic Rail: Ant International Unveils an End-to-End, AI-Native Payments Stack

Uncapped #58 | David George from a16z

Jake Paul & The Chainsmokers: Turning Fame into Funds, Jake Enters Politics? & Venture Bubble Signs

💥Why LPs Pass, Where to Make Money in AI, New Fund Performance Data, VC Tool Budgets & More

We tested Instinct, MUSE and Grokbot. They’re ridiculous.

Early Optimism Reigns on Agentic Commerce + Personal Agents at the Machine Earning AI Summit

OpenAI Rolls Out a New Agent Product Despite Astra Safety Concerns

Luca Ferrari Runs Evernote With 20 People. Here Are His 10 Rules for Doing More With Less

🎭 AI on stage

Axios Pro Rata: Food shopping

Weekly Funding rounds / Statistics / Insights of September 29, 2026

How Deel Scaled From $100M to $1B+ ARR in 3 Years

The $3B Company Trying to Beat Amazon Prime

Every AI Startup Is Running One of Two Sales Plays, and Most Picked Without Looking

The Personal Agent Race Is Here | Anish Acharya & David Pawlan

20VC: $1BN ARR in 18 Months; The Untold Story of Higgsfield | Spending $4M Per Month on Models | Why Moats in AI are BS | Scaling a Content Team to 150 People with Alex Mashrabov

Why Raise Venture Capital

Is Muse a startup destroyer?

BREAKING: How Apollo, Citadel, Blackstone, & Bridgewater Built Their Brands

Apps, Agents, and Aggregation (Stratechery Article 9-28-2026)

AI Can Write Code. Why Isn’t Software Better?

🔥Building Products That Investors Actually Use

The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham

10 of The Wildest Hot Takes From the All-In Summit 2026

BREAKING: Eclipse’s Quiet Rise to $12.5B+ AUM

Your AI Agent Might Be Paying $11,000 a Month to Answer Yes or No

Venture Capital’s Incentives⚠️, Seed Funds You Can Actually Contact 📧, VC Fund Performance🔍

Building a Team at AI Speed | Harvey’s Maggie Landers

20VC: Five Predictions for a World of Agents | The Ads Business Model Will Die | Biggest Lessons from Working with Elon Musk at Twitter with Parag Agrawal, Parallel

Anthropic IPO at Risk, Meta's Muse Pop, Token Prices Fall, Open Source Gains Share, Alignment Fails

Shorter Prompts Are Making Your AI Agents More Expensive

Aaron Levie, Steven Sinofsky & Martin Casado: How Do You Secure a World of AI Agents?

There’s 98 days until 2027...Do this and you’ll thank yourself on Jan 1st

Agents Promise to Remake the Web. As Instinct & Muse Take Off, We’ll Begin to See How it Looks.

ICYMI: Neko Health Opens in NYC

Begun, the Aggregator Wars Have (This Week in Stratechery)

Anthropic's Co-Founders Push for Majority Control

20VC: Meta's Muse Hits No. 1. ChatGPT Finally Has a Rival | Menlo Sounds the AI Bubble Alarm | Factory Triples Its Valuation to $5 Billion | Keith Rabois vs Airwallex: Who is Right? | Crusoe's $3.9 Billion Round. Is the Data Centre Trade Overheating?

🎯 MAGA takes on Dario

Axios Pro Rata: Climate change

57: Immad Akhund - The Art of Irrational Effort

Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee

Data Insight: Electric car sales are growing rapidly in Turkey

3 Founders Shipped Claude Managed Agents to Production in 2 Weeks. Here's the Playbook

The Case Against an AI Pause | Eddy Lazzarin

How to Raise Venture Capital: How Rounds Happen

Luca Ferrari, Bending Spoons CEO: The $40K Origin Story, Buying Product-Market Fit & Why Private Equity Can't Compete

Steve Hilton & Spencer Pratt: Fixing California, Cheaper Gas, Ballot Fraud & CA Republicans

🌄 The new frontier

💥Anatomy of a Great VC Career, New Battleground in GTM, Rogue Agents in VC, The Software Barbell & More

NVIDIA Cut AI Agent Costs in Half Without Touching the Model. Your Margins Live in the Harness

Blake Scholl: Why Plane Speed Stalled, Supersonic Commercial Flight, & Revolutionizing the Engine

🧷 AI's safety paradox

Chart of the Day

Gabe Stengel - Building Investing Superintelligence - [Invest Like the Best, EP.492]

Introducing Newcomer’s VC Sentiment Report: Unfiltered Insights from Silicon Valley’s Top Venture Capitalists

Data Insight: After a decade of growth, Indonesia has become the world's largest producer of processed nickel

Pulled IPOs Signal Wall Street Losing Faith in Data Center Boom

Muse Just Beat ChatGPT's Launch 3-to-1. Here's the Operating Manual Nobody Wrote

BREAKING: Claude Opus 5.5 Just Made Frontier AI 40% Cheaper. Here Is the Fundraising Playbook

20VC: Why AI Cannot Replace Humans in Enterprise | Why Work Processes Not Models Will Be The Most Valuable Asset in AI | Why Europe Has Lost and Building in the US vs EU with Daniel Dines, UiPath

🤖 Trump's new AI czar

Axios Pro Rata: Antitrust argument

Eclipse's Lior Susan on $12.5B AUM and the Bet on Physical Industries

Frontier Overhangs (Stratechery Article 9-21-2026)

Everyone Is Hiring for Judgment. Nobody Is Making It Anymore.

Sam Altman Says an OpenAI Model Hacked Hugging Face for a Perfect Score. Here Are the 10 Takeaways Founders Need.

AI Safety Language Is Destroying the Debate | Steven Sinofsky

Adam Foroughi, Applovin CEO: Surviving a 92% Drawdown, Ads as ML 1.0 & the $50B Game Ad Market

90 minutes of unfiltered product advice from Snap and Discord’s product chief | Peter Sellis

ICYMI: How Bending Spoons Works

TypeSafe Shipped a Model That Never Writes a Word. Here’s the Decision-Layer Playbook

How to Build an Investor List With Claude That Investors Actually Answer

Nas, Grandmaster Caz, Steve Stoute & Ben Horowitz on Paying Hip-Hop’s Pioneers Their Due

20VC: "Anti-Data Centres is a Chinese Psyop" | How Many Planned Data Centers Will Actually Get Built? | Is Energy AI's Biggest Bottleneck? With Thomas Sohmers, Co-Founder @ Positron

BREAKING: Luca Ferrari CEO of Bending Spoons

What Makes a Consumer AI Product Stick? | Josh Elman

Safetymogging and marginmaxxing the accelecels

👀 Policing the labs

Jared Isaacman: A New Era for NASA and American Space Exploration

Axios Pro Rata: Slowdown

War in the Middle East & Rising Interest Rates Threaten the Funding for AI Build-Out

Why Diffusion Will Win AI Inference with Inception Co-Founder and CEO Stefano Ermon

The case for building, not buying CEOs

Bending Spoons Is Coming for Silicon Valley, with CEO Luca Ferrari

Doomforce (This Week in Stratechery)

Your Obsidian Vault Finally Has a Model That Can Read All of It

Saplings: The World Outside

20VC: Why "Pacing the Frontier" is BS | Instinct Raising $1BN at $10BN & Meta Launches Muse | Miro Sells for $1.35BN After a $17.5BN Valuation | Mistral Raises €3BN & Could Sam Bankman-Fried Win His Freedom?

Brad Gerstner: No AI Bubble, Semis Eat the Nasdaq & AI's Take Off Problem

Meta's Dina Powell McCormick: The Case for Data Centers, Backlash, AI Job Boom & Meta's Future

👀 Six more cases

🚂 Axios Pro Rata: Derailing a megamerger

Databricks’ Ali Ghodsi Never Wanted to Be CEO. Now He’s Among the Best

Weekly TOP Startup / VC news of September 17, 2026

Anthropic, we have questions

OpenAI Discloses More “Concerning” Model Behavior

3 SpaceXAI Engineers Started a Company With No Idea. Nine Hours Later It Existed. Here’s the Manual.

The Next Frontier of AI Video Is Control

❌ Just say no

Axios Pro Rata: "Disappointingly limited"

💥How to Win Family Office LPs, Why LPs Need VC Exposure, More Shots Needed at Seed, Incumbent Squeeze & More

Michael Moritz - Lessons From 40 Years of Investing and Writing - [Invest Like the Best, EP.491]

MARKET MAP: 89 VC-Backed Startups Changing Finance, Audits, Banking & Compliance

The AI-Native CRM

How to Raise Venture Capital: The Speed Run

Elon Musk & Gwynne Shotwell on AI Risks and Peer Review, Starship, Terafab, SpaceX/Tesla Merger

Satya Nadella on the AI Doomer Slowdown, Microsoft's Master Plan & Who Wins AI

💭 AI in Dreamland

Weekly Funding rounds / Statistics / Insights of September 15, 2026

Who wins if AI slows down?

Anthropic, Google, and OpenAI Are Discussing an AI Industry Standards Board

The Age of Body Futurism | Ruby Justice Thelot

Box's Aaron Levie: On Reinventing Yourself in the AI Age and Enterprise Diffusion

Uncapped #57 | Andrew Feldman from Cerebras

Home Depot

✋ Slowing it down

Axios Pro Rata: Pacing the IPO frontier

David Rubenstein: We took $5M and turned it into $500B

Databricks' math doesn't math—yet

Inside Bending Spoons: Buying Airtable, AOL, Vimeo & Now Miro

BREAKING: Inside Bending Spoons ($BSP)

Zuckerberg Just Killed the Prompt. Muse Takes Goals Instead.

The AI CEOs Asked for a Brake. Trump Said No. Here Is How to Plan Anyway.

🔥The Win Game: What Happens After Everyone Has Seen the Deal?

8 Ways To Improve Your Outbound Sales

20VC: 7 Predictions for How AI Changes the World: Labour, Engineering, Social Media, GrokBots Buying Cybercabs and more with Matteo Franceschetti, Co-Founder @ Eight Sleep

Open Models Change The Economics of AI

Data Insight: Around 5% of electricity in the United States is used for data centers — far more than the global average

Why Companies Are Becoming a Series of Loops | Anish Acharya on Lenny’s Podcast

Be dumb. Waste Money. Win.

⚠️ AI alarm bells

AI Kills Everybody or Doomer Psyop? OpenAI's Math Breakthrough, Nike's $200B Collapse

Axios Pro Rata: Dollars and doom

For Startups Facing the AI Safety Uproar, Cybersecurity Looms Larger than Existential Risk

BREAKING: All 4 Saronic Co-Founders (Part III)

BREAKING: Saronic CEO Dino Mavrookas (Part II)

BREAKING: Saronic HQ + Factory Tour (Part I)

Duo Threats (This Week in Stratechery)

Travis Kalanick Says Excellence Is the Capacity to Take Pain. Here Are His 10 Rules for Building Through It.

What It Takes to Build a Startup | Andrew Chen & Matt Perault

20VC: Jensen Huang Declares AGI Has Arrived | GPT Astra and Fable 5.1 Accelerate the Model Race | Tesla Launches Cybercabs | Index Pulls Out of Town & Anthropic Pulls From Descartes Acquisition

📵 No baggage

EXCLUSIVE: Tech Reporter Alex Heath Turns VC, Joins Sound Ventures

Coinbase’s Everything Exchange: Agentic Finance, Stablecoins, and Tokenization with CEO Brian Armstrong

Saronic's 4 Co-Founders on Building a $9.25B Shipbuilder | Part III

Automattic's Board Kicks Matt Mullenweg to the Curb

The True Biggest Risks in the AI Thesis

How AI Is Rewriting the Power Law of Venture Capital

🤖 Zuck's private agent

Axios Pro Rata: Can LIV live?

Decoding Tony Hawk’s mindset in 72 minutes

Max Junestrand (Legora) Says You Don't Need Domain Expertise. In 18 Months He Proved It at $100M ARR.

Social Media Has Changed Forever. Time to Prepare.

Who Grades the AI Models? | Ben Horowitz & Rayan Krishnan

How to Raise Venture Capital: Introduction

Chart of the Day

💥Fundraising Tips in a Consensus Market, Where to Invest in AI, Business Models Replacing SaaS, Fund Concentration Math & More

Walter Russell Mead - How America Keeps Winning - [Invest Like the Best, EP.490]

How we built Grok Bot in a month | Roman Ugarte (SpaceXAI)

Dino Mavrookas: America Needs to Build Ships Again

2 Companies Will Control Most of the World's Compute by 2028. Dylan Patel Did the Math.

20VC: The $100 Billion AI Assistant Race: Town vs Instinct vs GrokBot | We Spend $75K Per Engineer on AI Tools | Why the AI Assistant Market Is Not a Bubble & AI Assistants Will Replace Every App on Your Phone with JD, Founder of Town

The Man Who Taught 8 Million People AI Just Said AI Is Terrible for Learning

Can Open Source Keep AI Power From Concentrating?

Why companies are becoming a series of loops | Anish Acharya (a16z)

Your AI Doctor Is Coming | Julie Yoo

20VC: How to Build Your Own Data Center & Why Every Startup Should Do It | How ElevenLabs Leapfrogged Us: What I Learned | The AI Talent War: How Your Hiring Process Needs to Change with Cliff Weitzman, Speechify

Instinct Is the First AI Assistant You Employ Instead of Operate. Here Is the Playbook.

Aaron Levie on Why Open AI Wins

🤖 Drifting toward guardrails

GPT-6 Hits AGI? Tech Euphoria 2.0, SF Mansion Shortage, NYC Bans AI in Schools & Venezuela Oil Deal

The Memo - Special edition - GPT-6 Astra - 4/Sep/2026

How to naturally monetize what you love

Tim Cook Was a Great CEO. The Tech Industry Needs a Statesman.

Oura's $1B+ pre-IPO buybacks

Friction and Feedback (This Week in Stratechery)

BREAKING: Perplexity Just Split the AI Agent in 2. The Cloud Reasons, Your Mac Keeps the Secrets.

20VC: NVIDIA Crushes Quarter and Buys Hugging Face | OpenAI Cuts Off Cursor | Instinct Hits $2.5BN Valuation and The Race for AI Assistants | Cognition Raises at $46BN, Linear $2.5BN and Clay $7BN

📈 AI accounting 101

🔥AI Creates More Startups - But Fewer Winners

India Quotient Shows How the VC Power Law Can Make or Break a Fund

Investors Are Betting on Agents That Shop for You. Here Are the Startups They’re Backing.

Redefining Chip Architecture with Arm CEO Rene Haas

Weekly TOP Startup / VC news of September 3, 2026

BlackRock's Tony Kim on AI's Next Winners?

Sam Altman Ships AI to 900 Million People a Week. He Still Reads His Inbox Like It's 2006.

The $100B Niches Hiding Inside Payments

OpenAI Dismisses Apple's Trade-Secret Lawsuit as a "Mess of Its Own Making"

🍎 Tim Apple's last day

Axios Pro Rata: California clanger

56: Miles Grimshaw - Back Down the Mountain

Ajeya Cotra – Inside the OpenAI agent swarm that hacked Hugging Face

Edition #16: 32 New Funds, Who Backed Top 25 AI Startups, State of Pre-Seed Q2 2026

AI's M&A watchlist

The Feds and 20+ States Sue Amazon for Manipulating Ad Auctions

Uncapped #56 | Brian Singerman from GPx

20VC: The AI Bubble Is Wrong | AI Margins Need to Improve | Revenue Concentration Should be a Concern | Why People Over-Estimate Open Models But Enterprises Still Fear Frontier Models with Aaron Katz, ClickHouse

Axios Pro Rata: California clanger

Inside Bridgit Mendler’s New 185,000 sqft Northwood Space Factory

BREAKING: Northwood Space’s New 185K sqft HQ + Factory

Garry Tan Runs YC at 400x His 2013 Output. His AGI Is a Folder of Markdown Files

The Startup Marketing Advice Nobody Gives You Until You Have Wasted a Year

Gavin Baker: Why AI Demand Is Outrunning Compute Supply

AI’s third era: the rise of persistent AI coworkers | Tara Seshan (OpenAI’s product lead)

20VC: Is Anthropic's Coding Business Worth $2 Trillion? | Should American Enterprises Work With Open-Source Chinese Models? | Why 80–90% of Neo-Labs Die in the Next 18 Months? with Eno Reyes, Co-Founder @ Factory

Nvidia's Historic Quarter, SaaS Comeback, Bessent vs Druck, America's Debt Crisis, Cancer Vaccine

OpenAI Says SpaceX Can't Be Trusted

Martin Casado Says AI Broke Venture's Oldest Rule. Here's the $67 Billion Proof.

Why 1,200 AI Agents Started Working Together | Ryan Greenblatt

👀 Europe's AI gamble

Nvidia Is Carrying the AI Economy. Is That a Problem?

Why Nvidia loves backing startups

Inside Rocket Lab: How Sir Peter Beck Is Building Neutron’s Engines | Tour 02

BREAKING: Rocket Lab’s Engine Development Center

180 Emerging VC Funds Actively Investing in 2026

20VC: NVIDIA Bonanza: Buys Poolside & Invests in Mercor and Perplexity | Anthropic's $30TRN Revenue Assumption & OpenAI Confirms IPO | Why Customer Service, Defence and Robotics are Overinflated

🔥What Thousands of VC Agents Do All Day

Amid Personal Assistant Investor Frenzy, Town Nears $1 Billion Valuation in Round Led by Instinct-Backer Index Ven…

Rethinking Legacy Data Infrastructure with Eon Co-Founders Ofir Ehrlich and Gonen Stein

Meta Agrees to Pay Billions to Settle Claims It Harmed Children

Peter Steinberger Almost Deleted OpenClaw. Then 4.7 Million People Downloaded It.

Granola's Growth Playbook: Wedge, Moat, Pricing, Context Layer

Inside Cursor: The Anatomy of a Generational Startup

Axios Pro Rata: Beef bucks

#501 – DHH: Future of Programming, AI, Agentic Engineering, Vibe Coding & Linux

Rocket Lab HQ Tour with Sir Peter Beck | Factory Tour: Part I

BREAKING: Rocket Lab HQ Tour

REPORT: Anthropic Claims Its TAM Exceeds $30T

The One-Person Business, Built on Claude

The State of AI: Macro, Apps, and Consumer

🔄 Routing roulette

Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028

The New Economics of AI | Martin Casado & Steven Sinofsky

Search Was Built for Humans. Parallel's Parag Agrawal Is Rebuilding It for Agents

20VC: Inside Sequoia's Investment Committee: Lessons from Don Valentine, Doug Leone and Alfred Lin | How the SpaceX and Citadel Deals Went Down | What Sequoia Specifically Looks for in Founders with Julien Bek

I built a $2,000,000,000 business on vibes

Series A activity: Week of August 16, 2026

Inside Rocket Lab w/ CEO Sir Peter Beck: Record Earnings, Neutron, Flatelittes

Autonomy and Innovation (Stratechery Article 8-24-2026)

Sam Altman: Intelligence Got 100x Cheaper in 2 Years. His Next Bet Is $5 Trillion

🎙️How I Invest: The AI-Native VC Firm

How to close $100K+ enterprise deals, step by step | Jen Abel

Guillermo Rauch on the Software Factory🧠, Always-On GTM Team🤖, How SaaS Companies Are Positioning Around Claude🥊

20VC: The AI Bubble Will Burst: Half the Neoclouds Will Die | China: Should We Ban Chip Exports & Be Fearful of Chinese Open-Source | Mag7: Who Dies and Who Thrives: Why Meta is Meh and Microsoft is Mega

Best-performing investors to target as a founder: not just the famous names

Martin Casado on Where the Value Is Going in AI

Our 2Q letter to LPs

📢 Data center messaging

20VC: SpaceX Buys Cursor for $60BN | Stripe's $8BN OpenRouter Bet | Anthropic's First Profit & The Math Behind Reaching $600BN in Revenue? | Lovable and Higgsfield Raise Mega Rounds

🏢 AI's data center problem

Weekly TOP Startup / VC news of August 20, 2026

Ben Lamm CEO of $12B Colossal Biosciences & $3.8B Astromech

How Global Networks Are Reshaping Startup Success

🛑 OpenAI's pause

Axios Pro Rata: Walter's ripples

💥Top Employers to Create Outlier Founders, State of Pre-Seed, Cost of AI Talent, Tech Stack Ownership & More

Asking 3 young millionaires how they make $1.8M, $5M, & $12M/year

Is AINS the Next SaaS?

Emerging Manager Files: Patrick Murphy about $80M Tapestry VC Fund III

Anthropic Overtakes OpenAI in Quarterly Sales

How Whatnot Built a Global Marketplace

📱 ChatGPTeens

55: Dan Lilienthal & José Chayet - As [untitled] as it Comes

Ben Thompson on Big Tech, China, and the AI Boom Running Out of Money - [Invest Like the Best, EP.487]

BREAKING: Nikesh Arora, Palo Alto Networks

The Feds Take Aim at a16z

38x in Ten Months: Inside One of Fintech’s Fastest-Growing Infrastructure Companies (Farooq Malik, CEO of Rain)

20VC: Uber President on Budgeting AI at Uber: How AI Helps and Hurts Uber | Why Autonomy Is Existential | How to Beat DoorDash to #1 in Food | The Untold Stories of Travis Kalanick, Dara Khosrowshahi and China with Andrew MacDonald

🤐 Prompts and privacy

3 strangers showed us how they made $8M, $10M, & $40M/year

Nikesh Arora, CEO Palo Alto Networks ($PANW)

Sam Altman: OpenAI's Best 12 Months Start Now

Stripe’s AI Strategy: Build More, Not Less

🔥Record Investments, Slowing Economy - Here's the State of the Market in August 2026

179: 蒸馏风暴：一场无人公开谈论的技术竞赛

20Growth: How to Build a $100M Growth Engine: Lessons from Wispr Flow and Superhuman | Why You Should Do Paid Ads Today and How To Do Them | How to Build the Best Referral Programs and How to Crush UGC with Matt Swulinski

Sarah Guo Is Betting Nearly a Billion Dollars That the AI Labs Cannot Build Everything

40 Years, 3 Genres, Zero Musical Ability: The Rick Rubin Method

What capital wants

Anthropic's $2T IPO, Zuck's AI Manifesto, Nvidia's $500B AI Bet, Grok's Comeback

🔥How to Build an AI Harness for Your Investment Firm, One Workflow at a Time

How AppLovin Built a $100B Ad Machine

BREAKING: Inside AppLovin's $100B+ Ad Engine

The CapEx Train Keeps Rolling (This Week in Stratechery)

The Claude Prompts That Close Rounds in 2026

Ben Horowitz and Travis Kalanick on Building Again

20VC: Canva Slashes Growth: How Much is it Really Worth | Demis Hassabis and Jeff Dean: Talent Exodus at Google | Revolut's $50BN CEO Pay Package | Elon Musk's $55BN Terrafab

Rahm Emanuel: Trump's Foreign Policy, China, Europe's Decline, Immigration & DSA vs Democrats

Axios Pro Rata: Luka lucre

AI Frenzy Brings Dual Valuation Deals into the Mainstream

Building a $200M Bootstrapped Chess Empire with Chess.com CEO Erik Allebest

Weekly TOP Startup / VC news of August 13, 2026

The Two Ways to Sell AI: Lighthouse or Landgrab?

#500 – Khabib Nurmagomedov: Dagestan, MMA, UFC, Islam, Conor, Fedor & Football

3 killer businesses hiding in plain sight

The best unicorns aren't the biggest

Inside Neros’ Factory Built to Make 1 Million Drones a Year

150. 对英伟达研究副总裁刘洺堉的4小时访谈：Cosmos 3、世界模型、武术、黄仁勋影响我的，和你不需要击败所有对手

Axios Pro Rata: Frontier financing

Chart of the Day

💥Personal AI Operating Stack, What Got Hyped vs What Got Built, How VCs Decide & More

Eric Vishria - A Decade of Lessons Investing in Software & Hardware - [Invest Like the Best, EP.486]

Decagon Hit $100 Million Betting Against Forward Deployed Engineers

When 'diversified' means two companies

Nvidia’s Risky Business (Stratechery Article 8-11-2026)

20VC: Will OpenRouter Sell for $10BN to Stripe? | Why Chinese Open Models Are Beating America—and What Happens Next | Why Enterprises Are More Fearful of Anthropic and OpenAI Than China | Is the Routing Layer Becoming a Commodity with Alex Atallah

Disney: The Renaissance and the Empire

⏸️ OpenAI hits pause

Axios Pro Rata: Termination terminated

54: Ian Rogers: Never a Spectator

Max Hodak: How Startups Build Speed

The Face Behind Anthropic’s Success

How Kavak Rebuilt Itself Around AI Agents | Alejandro Maza Ayala

🔥Do Investors Still Need a Lawyer?

The playbook for building high talent density teams | Adam Ward, Head of Talent at Cursor

Google's AI Brain Drain, SpaceX's Huge Quarter, Airtable's 90% Collapse, US Data Fuels China AI

No revenue is enough revenue

8 Predictions for the Era of Continual Learning

How To Design In The Agent Era

SaaS Shudders After Airtable's Humbling Sale to Italian Grim Reaper Bending Spoons

Anthropic Deleted 80% of Claude Code's Prompt. It Got Smarter

20VC: Airtable Sold for $1.285BN | Leo Achenbrenner's Situational Awareness Blows Up | Moonshot AI Raises $3.5B at $35B | Anthropic Model Breaches Three Companies' Security | Big Tech Earnings: Why Palantir Beat The Rest

Inside vLLM: The Engine Powering Open-Source AI

🕺 The DeepMind shuffle

Garry Tan: Own Your Intelligence

9 drunk ideas that sound stupid (but are secretly genius)

SpaceX's pricey pivot

Saronic Founders: Autonomous Warships, China's 230X Advantage & Swarms of Robot Ships

💾 Nvidia's banking moment

Building the First Data Centers in Space

Sam Altman: 3 months of work now takes 7 minutes

Gavin Baker - AI Market Jitters - [Invest Like the Best, EP.485]

Waymo Co-CEO Dmitri Dolgov: "Move Fast And Ship Safely"

We found the internet's best sales advice

AI's hot new target

GTM in 2026: What's Actually Changed

20VC: 70% of Neolabs Will Die | There Will be a $100BN US Open-Source Model | Data is a Trillion $ Market | Governments Cannot Regulate Models: It is Too Late | The Cyber Attacks to Come Will be Insane with Anastasios Angelopoulos @ Arena

♻️ AI researcher churn

Chart of the Day

Why smarter AI models could drive up compute prices 10x

Base Power Hits $13B Valuation on $1B Series D

BREAKING: Base Power Hits $13B on $1B Series D

Inside OpenAI: The Operating Model That Makes 2 Engineers Beat 200

177: 详解Kimi K3：强到冲击Anthropic估值的模型什么样？

🔥World's Hottest Startups in August 2026

This CPO regrets that product management exists | Tom Verrilli (CPO of Whatnot)

BREAKING: Voice AI is Dominating

ICYMI: Leopold, Space Lasers, Devin

The AI Layoff Trap⚠️, Agentic GTM🔍, The Next Era of VC Secondaries💰

The 375 Prompt Book for Fundraising

Marc Andreessen and Chris Dixon: What’s at Stake in Crypto Regulation

⚙️ Building AI rules

Chip Stocks Crash, $20B Fund Margin Called, Frontier Labs: SLOW DOWN AI, Mamdani's Grocery Stores

Charts of the Day

🔥 Here's the Modern VC Tech Stack

Alexandr Wang: “This is a Once-in-a-Civilization Opportunity”

The surprising product that built Italy's richest family

The Abrupt Fall of Situational Awareness Is a Warning Sign. So Is Nvidia’s Vendor Financing.

Building an Autonomous Enterprise for Real-World Services with Netic Founder Melisa Tokmak

AssemblyAI CEO Dylan Fox on 120 Million Voice Conversations a Week

Someone just ran a 2.78-trillion-parameter model on a laptop. The memory wall is breaking

Decagon’s Playbook for Building Enterprise AI Applications

176: 姚顺雨，来到腾讯300天

20VC: Jensen's Open-Weights Letter | Travis Kalanick Raises $1.7B for Atoms | Google Cloud Grows 82% But The Market Tanks | Francisco Partners Raises $21BN | Etched Raises $300M to Take on Nvidia

☁️ Azure's $100B

The New Scaling Law

175: 对话Liblib陈冕：关于活下来，以及所有接近死亡的时刻

🤗 Hugging Face cont'd

💥How Top 5% VCs Keep Winning, Time Between Rounds, Reserve Strategies, State of SPVs & More

Blake Scholl: Breaking the Supersonic Ban

This guy made $80M in profit. Here's his next 3 stock picks

Dario Amodei, Ali Ghodsi & Nikesh Arora to Speak at Our 8th Cerebral Valley AI Summit

The Stock That Went Up 1000% | Lumentum CEO

Every Tech Company Is Falling Into A Layoff Trap

Sam Altman Says We're Already Living Inside the Singularity. Here Are His 10 Rules for Building Right Now.

Data Insight: Most of the world’s fastest-growing megacities will soon be in Africa

OpenAI’s IPO delay is the valuation signal

OpenAI’s IPO delay is the valuation signal

BREAKING: “Devin Writes 95% of Our Code” Scott Wu, CEO of Cognition

Nvidia in Talks to Back OpenAI to the Tune of $500+ Billion

Everything You Need to Know to Master Claude's Fable 5

These Are The Mistakes That Cost Founders Their First Deal

148. 对游凯超3小时访谈：开源Infra、和模型Co-design 、“如果vLLM失败，我们会后悔一辈子”

📣 Open model push

Killer marketing secrets that always work (ft. Ogilvy Adman, Rory Sutherland)

Inside the Fastest-Growing Category in AI: Scott Wu, CEO of $26B Cognition

Claude Cowork now runs a $10,000/month SEO agency from your desktop. Free with your plan

Steven Sinofsky: AI Doesn't Need New Rules Yet

174: AI冲击企业软件巨头？与SAP原欣聊大模型to B的颠覆与边界

The Analyst Role Is Dead, No?

Anthropic’s first technical PM on token maxing, the jagged edge, and living in the future | Dianne Penn

38,000 companies are hiding in plain sight. Here is the AI system to find them

Ben Horowitz: The Fight Over Open Source AI

Tech Powerhouses Line Up Behind Open-Weight Models

I'm rooting for open source

🇨🇳 China AI warning

The Fight Over Open Source AI, Anthropic's $1.5B Payout, NYC Socialists: Evictions = Violence?

BlackRock's Tony Kim on AI's Next Winners? Chips, Memory, Robotics & Quantum

Anthropic just cut the price of frontier intelligence in half

The Investor Outreach System: List, Prompts, Sequence, Replies

Sriram Krishnan on Open Source AI's Biggest Week Yet

20VC: OpenAI and Anthropic Threatened by Kimi? | Should the US Ban Chinese Open-Source Models | Should Openrouter Sell & Value in the Routing Layer? | Stripe Buying Paypal: What You Need to Know

🤕 Google's low morale

The Philosopher CEO | Clay Co-Founder Kareem Amin

The $150B dollar business hiding in plain sight

SCOOP: Fundraising Documents Reveal IVP Quietly Raising $1.8 Billion, Boasting 31.1% Net IRR Since Firm's Inception

Building an Autonomous Delivery Experience with DoorDash Co-Founders Andy Fang and Stanley Tang

Weekly TOP Startup / VC news of July 23, 2026

Opportunities in AI hacking

Yang Zhilin's Agent Playbook: 10 Bets Founders Should Steal

The 10 Claude Skills Every Founder & Builder Should Steal

Building the Physical AI Stack | Travis Kalanick on TBPN

👯 Closed-model bffs

Chart of the Day

BREAKING: David Friedberg on America vs Socialism

OpenAI Admits Its LLM Went Rogue and Hacked Hugging Face

Google just made agents 3x cheaper to run. Here is the playbook

Travis Kalanick Is Back | Building the Future of Industrial AI

💊 Cheap drugs

Axios Pro Rata: 🤖 Sourcing AI

I spent 24hrs with a blue collar millionaire

Data Insight: Rich countries have ten times as many doctors per person as poor ones

Judge Hits Pause on Paramount Skydance's $110B Acquisition of Warner Bros.

Why Physical AI Is the Next Frontier | Applied Intuition

Factory's Matan Grinberg: The Coming ‘Dark Factory’ Where Software Builds Itself

20VC: Are OpenAI and Anthropic Overvalued? The Open-Source AI Reality | How Token Costs Will Fall 10x And Usage Will Explode 100x | The Future Is Not One AGI; It's Millions of Specialised Models with Lin Qiao, Founder and CEO @ Fireworks

Mark Cuban on the AI Bubble: Who Actually Gets Wiped Out?

🇨🇳 Kimi K3 Khaos

Who’s Afraid of Chinese Models? (Stratechery Article 7-20-2026)

Perplexity's Founder Found AGI Risk in a 2,000-Year-Old Epic

Hugging Face's CEO on Open Source AI, Model Routing, and the Future of Competition

🔥What's Hot in M&A, Multiples by Sector, Concentration at the Top - Here's the State of the Market in July 2026

Netflix CPTO on AI and the future of product and tech roles | Elizabeth Stone

Zymofix Success Story. 10 OOTB questions to co-founder Emile Redant

AMD, Starcloud, Coatue..10 Hot Takes From The Biggest Names in AI

Dylan Patel, SemiAnalysis, Nebius, Glean, Legora.. 12 Hot Takes From The Biggest Names in AI

China just open-sourced Opus-level intelligence. Here is the playbook

AI’s Biggest Winners📉, Stop Playing The Markup Game🎯, The Self Driving Company🚗

20VC: $5BN in Revenue, 7 to 7,000 Employees in 9 Months, 206,000 Tests in a Single Day: The Craziest Story in Startups: Curative with Fred Turner

Can the AI Industry Regulate Itself? Stripe Wants PayPal, China Catches Up, NY Bans Datacenters

Back in the saddle

💰 AI campaign cash

Axios Pro Rata: Waiting on Clarity

Ray Dalio: The principles that made me a billionaire

IPO Party Faces Down Volatility & Sinking SpaceX Shares. Can the Window Stay Open?

SambaNova CEO on Raising $1B at $11B: "It's a Land Grab Right Now"

BREAKING: SambaNova Hits $11B Valuation

Mainframes and Main Characters (This Week in Stratechery)

Chinese AI Startup Takes on Anthropic and OpenAI with New Model

The AI trade just lost $1 trillion. Here is where the value went

20VC: Apple Sues OpenAI | Zuckerberg Back on X and Challenging Codex and Claude Code | SK Hynix's $26BN IPO | Is Seed Investing Dead: Jason Calacanis Departs Seed for Growth | Greylock Raises New $1.5BN Fund

👀 Mira's new model

✍️Top 10 Takeaways from the Data Driven VC Landscape 2026

SCOOP: Menlo Ventures Sees IRR of 40%+ on Recent Funds After Doubling Down on Anthropic

The Board Meeting Operating System

Replay 2025: David Sacks on AI, Crypto, and America's Technology Future

Former Intel CEO on What Went Wrong, What's Next + Lovable CEO on the Real Promise of Vibe Coding

📝 AI-pocalypse jobs board

Howard Marks: how I make money while you worry about a market crash

NY's data center freeze

BREAKING: Senra Raises $65M Series B by Lowercarbon & Interlagos

DeepSeek Is Raising a Giant Round and Planning to Go Public, Perhaps This Year

Can Anyone Catch NVIDIA? | The Future of Chips and Infrastructure

Data Insight: Electric cars are taking off quickly in Latin America

BREAKING: Cerebras CEO Andrew Feldman

Economists, Researchers, and Tech Leaders Urge Lawmakers to Hit the Brakes on AI

Jonathan Ross Turned a 3-Week Phone Call Into a $20 Billion NVIDIA Deal. Here Is How He Did It.

Is AI a Bubble? | Gavin Baker on Data Centers, GPUs, and the AI Economy

Anthropic's Katelyn Lesse & Angela Jiang: Building an Ecosystem, not a Walled Garden

Uncapped #54 | Sam Blond from Monaco

172: Momenta IPO后再访曹旭东：就是想做没有尽头的AI

20VC: Wix's Founder on What Wall St Gets Wrong About AI and Wix | Will Base44 Win the Vibe Coding Wars | The Truth About the Economics of Vibe-Coding | The Buyback Disaster: Lessons Learned with Avishai Abrahami

The Trillion-Dollar Industries AI Is Disrupting: Voice, Law & the End of the Billable Hour

🐻 Goldilocks GPT

Axios Pro Rata: Destroying the record

AI's musical chairs

Andrew Feldman on Building a Chip 58x Larger Than Nvidia's

🔥How to Gain an Edge When Everyone Uses the Same AI Model

ICYMI: Figma, OpenAI, Boston Dynamics, MIT

Nobody Cares About the Model Now. It's About the Type of Moat

Self-Improving Fundraising System🤝, How to Kill Churn📉, VC Landscape 2026📊

20VC: Why OpenAI and Anthropic Won't Win the App Layer | Why Teams Will Get Bigger Not Smaller in a World of AI | Why AI Removes Incumbents Advantage of Bundling | China vs America: Who Wins the AI War with Arvind Jain, Co-Founder @ Glean

BREAKING: Cyan Banister's Legendary Track Record

Apple Alleges OpenAI Stole iPhone Secrets

How Jensen Huang Turned a Green Van and 30 Years of Rejection Into Nvidia

Venture Capital Isn’t What It Used to Be, and It's at a Crossroads

Brainstorming business ideas with a billion-dollar founder

Political Risk & Threat Analysis Expertise Are Hot Tickets in Silicon Valley as Trump & AI Shake the World Order

VC firm buys your grandpa's fund

"Dig Through Your Couches. SpaceX Needs It." Cyan Banister on Luke Nosek's Pitch

Google’s agent broke a 56-year math record. Yours forgets yesterday

RAM Fever

The Most Improbable Venture Fund Ever Built

How Bitcoin Rewired a Classic Computer Science Problem

20VC: Sam Altman Offers Trump 5% of OpenAI: Fool or Genius? | Alex Karp Sounds the Alarm: Enterprises Fear Frontier Models & Questionable ROI of AI | The Rise of Chinese Open Source: Deepseek Building Own Chips

🛑 Slow AI down

Chart of the Day

🚨The Data Driven VC Landscape 2026 Is Here🚨

Adam Mosseri: AI is a tailwind for authenticity

Kalshi’s Tarek Mansour vs. the Federal Government

Travel Through the Lens of AI with with Booking.com CEO Glenn Fogel

You are overpaying for intelligence. Grok 4.5 just proved it

The AI Job Apocalypse Is a Complete Misread

💾 Chip craze

Chinese AI Models Are Increasingly Displacing OpenAI and Anthropic

Claude Fable 5 is free for 4 more days. Here is the full guide

Adam Neumann: This Is How You Build Iconic Companies

Axios Pro Rata: Green flag

Axios Pro Rata: M❌A

Axios Pro Rata: M❌A

💥Guide to Fable 5, Power Law Everywhere, VC Media Machines, AI in PE & More

5 ruthless business lessons from one week in NYC

A Script for Mark Zuckerberg (Stratechery Article 7-7-2026)

Is Software Losing Its Head?

20VC: Why Now is the Time for the Application Layer | Why OpenAI & Anthropic Won't Win the App Layer | Why Startups Should be TokenMaxxing | Why VCs Should Reduce Weighting on Price & Ownership in an Age of AI with Mike Mignano, USV

Series A activity: Week of June 28, 2026

Zuckerberg's $14B Bet: Glasses Kill the Phone in 5 Years

Don’t Follow Your Passion | Ben Horowitz’s Advice for New Graduates

The Great Descent📉, Are AI Employees More Expensive Than Humans?🤖, ElevenLabs: $2M Pre-Seed to $11B in 3 Years🎙️

20VC: Open Models vs Frontier Models: Who Actually Wins? | The $100,000 Token Budget Every Engineer Will Need | Why Forward-Deployed Engineers Are the Future of Enterprise AI with Clay Bavor, Co-Founder of Sierra

AI Sovereignty Wars, Palantir-Nvidia Deal, SCOTUS Birthright Ruling, Newsom's CA Budget Lie

Set a metric. Walk away. Let the agent optimize overnight.

🇺🇸 Allies under AI

Axios Pro Rata: Sun Valley

I dropped out of college and built a $3.6B company from scratch

Software wins for the taking

Dylan Field on the “Permanent Underclass of Zero Taste”

BREAKING: Dylan Field, CEO of Figma

Meta to Sell Excess Compute to Fund Ambitious Cap Ex Buildout

Brian Armstrong Runs 1,200 AI Agents at Coinbase. Here Is the Operating Model He Just Handed Every Founder.

This Is the New SaaS Playbook

Outsmarting Uber: Why Bolt Wins in Europe

🚀 Claude's new upgrade

Axios Pro Rata: AOL IPO

Edition #14: 37 New Funds, 1000 Fund Managers Mapped, DPI Benchmark

Feds Lift Anthropic Export Restrictions

Elon Musk's 2007 Interview Predicted the Next 18 Years

171: 【AI季报 26Q2】从 coding 到 RSI，强者愈强的未来？

🩸 Bloodbath no more

The $30M app that lets you invest like a politician

Data Insight: US and Chinese companies train almost all of the world’s most-used AI models

Comcast splits as peers combine

BREAKING: Benchmark's AI Playbook

Apple Falls Victim to a Ransomware Attack

The Real Reason AI Costs Keep Rising

Why Hardware-Software Co-Design Is AI's Real 100x: Dylan Patel of SemiAnalysis

⚔️ The pro-AI split

Axios Pro Rata: Comcast splits

50: Tyler Cowen & Nabeel Qureshi - An Appetite For More

OpenAI's $122B masterclass: 10 takeaways from Sarah Friar

Building in Public Is Not What It Used To Be

Beyond P(doom): Marc Andreessen - Betting on America

The Memo - 28/Jun/2026

COVAL Success Story. 10 OOTB questions to founder Brooke Hopkins

Cerebras bet against the GPU. It just IPO'd at $56B.

Accretion, Dilution, and the Cold Hard Truth of M&A Math

Betting on vision

🌏 China's global push

The Software Handoff

Token Budgets for Investment Firms: What's the ROI? And Where's the Limit?

Brian Armstrong: “Capitalism Lifts Everyone Up”

BREAKING: Brian Armstrong, Coinbase

Axios Pro Rata: Deal boom

CVAI London: European Democracies on Alert, Bubble Worries, Anthropic Bullishness, Agents & Compute Shortages

Are Mega-Funds Taking Over Seed?

Kalshi Looks to Almost Double Its Valuation in Just a Month

Saplings: Outsiders

Pivot or Die. The Market Is Trying to Tell You Something

Marc Andreessen on AI, Technology, and the Future of Humanity

🤖 Jalapeño chips

We found an app that lets you buy anything for $0

The One Thing AI Startups Keep Underestimating

What Happens to Design After AI?

GameStop CEO Ryan Cohen's $56B Plan to Take Over eBay

💥Workflows Are King, Guide to Cold Emails, Seed Is Dying, VC Tourists Are Leaving, WTF Is a Loop? & More

Vlad Barbalat - Investing $120 Billion in Permanent Capital - [Invest Like the Best, EP.479]

Axios Pro Rata: K-shaped shift

Mark Pincus: How to Build Billion-Dollar Products

BREAKING: Mark Pincus on How to Build Billion-Dollar Products

The AI Upgrade Trap: Why Switching to a Better Model Breaks Everything You Built

Own or Be Owned: Why Every Company Needs Its Own AI Model (Yash Patil, Co-Founder & CEO of Applied Compute)

What’s Next for Consumer AI? | Josh Elman Joins a16z

20VC: Nikesh Arora on the Frontier Model Problem: Breadth vs Depth | The Future of Token Costs | Memory Becoming the Moat | Where Value Accrues: Infra, Models, or Apps? | Why Enterprise AI is Not Ready & Systems of Record vs Systems of Intelligence

The Walt Disney Company

⚡️ Data center dilemmas

Same round, different price tag

Jeff Bezos’s Economic Doctrine: 10 Ideas Founders and Investors Should Steal

VC Horror Stories: The Week Founders Stopped Pretending

Jake Paul & Anti Fund: From Creator to Investor

20VC: Why Remote Work is White Collar Fraud | Why Revenge and Patriotism are the Best Founder Traits | Two Questions Every Founder Needs to Ask | The Wild Story of Raising $1BN from Masa Son in an Hour Long Meeting with Ryan Peterson, Founder @ Flexport

President Trump Softens on Anthropic

Your GTM, run by agents

Post agent companies

Compliance Is Where AI Co-Pilots Go To Die

Why Domain Experts Are Winning In The Age Of AI

The Trump Administration Demands Anthropic Guarantee Mythos Can't Be Hacked

No, You Don’t Need an AI Agent

Generalist Intelligence: The Off Switch

The Secret Behind Elon Musk’s Insane Success

The New Rules of Media | Marc Andreessen & Ben Horowitz

20VC: SpaceX Soars to $2.7TRN | Anthropic's Fable Banned by US Government | Wix and Adobe Hit All-Time Lows | Mistral Raising at $20BN and The Case for Sovereign Models | Fin Acquired by Salesforce for $3.6BN

🔎 Unwritten AI rules

Harvey Co-Founder Gabe Pereyra on the Token Pricing Reckoning Coming for AI

BREAKING: Harvey Co-Founder & Head of Applied Research on the Token Reckoning

Dario Amodei's full picture: 10 takeaways that matter

This is How You Get Your Homepage Viral

💪 AI's power struggle

How To Pick A Startup Idea

BREAKING: Inside Coinbase's System Update

Sundar Pichai's 10-move restructuring playbook: what every founder and investor should steal before 2027

The Growth Playbook Behind One of AI's Fastest ARR Climbs

The Fintech Playbook for Latin America

Axios Pro Rata: SpaceX's next deal

Ada Palmer – Machiavelli is the most misunderstood thinker of all time

Kareem Amin - Re-Enchanting the World - [Invest Like the Best, EP.478]

How the Ex-Goldman CEO actually invests his own money

Data Insight: NVIDIA’s revenue from data centers and AI has grown 1,300-fold in the last 12 years

Inside Harvey AI: $11B, $300M ARR, 960 Employees, 12 Offices, 13 Trillion Tokens a Month

BREAKING: $11B Harvey Hits $300M ARR & 13 Trillion Tokens

Inference engineering is the 80% cost cut most teams miss

Don’t Believe Those Who Say that SaaS is Dying

20VC: Micron Will Be More Valuable Than Meta | How Export Controls Helped Not Hurt China | Power is the Bottleneck to AI | Why Dario Has Done a Disservice to AI with his Labour Replacement Messaging with Aravind Srinivas, Founder @ Perplexity

Ideogram’s Open-Weights Image Model and the Future of AI Design

🚨 Fable fallout

BREAKING: TBPN, Jack Altman, a16z, Now Its Lightspeed's Media Move

NEW: How 137 Ventures Built a 1%+ SpaceX Position

Anthropic’s Safety Superpower (Stratechery Article 6-15-2026)

Jensen Huang handed you the AI roadmap. Here are the 10 moves that matter.

AI, Design, and the Power of Open Models

🔥Building a Single Source of Truth for Investment Firms

The hidden pattern behind successful products | Mark Pincus (Founder of Zynga)

SpaceX IPO: Inside the Firm That Owns 1%

20VC: Who Wins the Model War: OpenAI, Anthropic or Open-Source | Token Maxing, AI Hangovers & The Coming ROI Reckoning | Labour Displacement Fears are BS & Overblown | From Physicist to Sequoia Founder with Matan Grinberg, Founder @ Factory

Anthropic's Fable Backlash, Nationalizing AI, Inflation Heats Up & California's Broken Elections

Alexandr Wang on One Year Leading Meta AI

The US government switched off Anthropic’s most powerful model 3 days after launch

SpaceX Just Became the Biggest IPO in History. Here Is What Actually Happened

We had it coming

🛡️ National security AI

All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

✍️Takeaways from our DDVC x SuperReturn Breakfast + 5 Top Tools

The most simplified breakdown of the SpaceX IPO on the internet

David Sacks' Warning About Anthropic Regulatory Pleas Misses the Mark & SpaceX Asks Investors to Dream Big in Mega…

BREAKING: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist"

Hey Siri, Tell Me a Fable (This Week in Stratechery)

145. 口述SpaceX开发史：和前高管洪力德聊，马斯克用人观、最大IPO、太空与AI、人类文明扩张前奏？

20VC: SpaceX Launches Largest Ever IPO | OpenAI Files to Go Public | Uber Cuts 23% of HR | Lovable Hits $500M ARR | Founders Revolt Against VCs: The Fundraising Horror Stories Going Viral

🚀 Prometheus rising

The SpaceX IPO, Fable 5, AI Capex Update & Market Check w/ Gavin Baker, Andrew Fox & Clark Tang | BG2

48: Henri Stern - Principled Enough to Be Pragmatic

Brian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist"

OpenAI Prepares for a Price War with Anthropic

Designing the Physical World with AI

Google DeepMind's Logan Kilpatrick: Why the Model Eats the Harness

💰 Mythos-maxxing

"The CEO Must Be the Chief AI Officer"

Brutally honest guide to not losing money in the market

Anthropic's metric to watch

The Most Honest AI Analysis of the Year (and What Everyone Needs to Know)

AI, Growth, and the Future of Healthcare | Anish Acharya & Sachin Jain

LIVE: Jensen Huang on Building the Dynamo of the Intelligence Age

Uncapped #52 | Mike Volpi from Hanabi Capital

Bill Maris: How Google Could Crush AI Competitors, Why Small Funds Win, and AI's Atari Stage

🍎 Smarter Siri, sort of

Axios Pro Rata: SpaceX futures

Alex Sacerdote - How to Invest Through Technology Cycles - [Invest Like the Best, EP.477]

AI IPOs are off to the races

The iPhone’s Last Stand (Stratechery Article 6-9-2026)

NVIDIA's CEO handed Stanford students the playbook for the next 10 years

Nikesh Arora: Mythos is Real, Analytical SaaS is Dead, and Google can be a $10T company

144. 对阳萌的4小时访谈：消费电子死与生、第三类公司、AI变量、产品方法、打游戏的模式选择

20VC: Nebius Co-Founder on AI Infrastructure Bubbles | The Real Impact of Open Source on OpenAI & Anthropic | How Price Elastic is Demand for Compute | Could Nebius Sell 10x More Compute If They Had It & more with Roman Chernin

Startups Are Skipping the Old Playbook🎯, How VC Became a Fee Business💰, Software Factory Ladder Explained 🏭

The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel

Building Search for AI Agents with Exa CEO Will Bryk

We're all short intelligence

Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back

🛠️Why Every Firm Should Create a Skill Library

AI Pushes Markets into Uncharted Territory as SpaceX & Google Seek $160 Billion Combined with OpenAI & Anthropic i…

Anthropic Urges Its Competitors to Hit the Pause Button

What Level Is Your AI Team, Really? A 5-Level Diagnostic

AI Agents and the Fight for Customer Data

🌈 GLAAD's AI warning

He quit Wall Street to sell meat (now he makes $270M/year)

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