How Money Flows 🌊, Chamath’s $380M Loss🤯, VCs Eating PE with AI🔀

Another week, another pulse check on venture.

From top insights and reports to new funds, VC jobs, and the hottest deals—here’s everything you need to stay ahead.

Let’s dive in 👇

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In-Depth Insights 🔍

• VCs Eating PE with AI 🔀

  The VC vs. PE divide is fading fast—AI-driven automation is shaking up private equity, cutting costs, and rewriting the rules of value creation. [Wendy Xiao]

• Pricing as the #1 Competitive Advantage for AI Startups 💰

  Outcome-based pricing is flipping the script—startups charging for results, not users, are unlocking 15-30x revenue potential and leaving incumbents scrambling. [Palle Broe]

  

• Venture Manager Selection: Capitalizing on Arbitrage Windows 🔍

  The best venture managers don’t just ride waves—they spot market gaps before they close. Finding arbitrage windows is the key to long-term alpha. [Jordan]

  

• How Money Flows 🌊

  Capital is like water—it rushes to the biggest, most painful problems. Understanding this gravity is the difference between raising millions and getting ignored. [Guillermo Flor]

• Q1 2025 Breaks M&A Records 💥

  $54.5B in billion-dollar startup acquisitions—and the quarter isn’t even over. The exit market is back in a big way, with M&A surging and IPOs heating up. [Jason Saltzman]

  

• Chamath’s $380M Loss on Relativity Space 🤯

  A brutal venture lesson—Chamath took a $380M hit after Relativity Space’s recapitalization, despite a rumored $3B offer from Eric Schmidt. [Tran]

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For sponsorship opportunities across this newsletter and my other media assets, email: rdominguezibar@gmail.com

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Interesting Reports 📊

• The State of AI: How Organizations Are Rewiring for Intelligence ⚡

  AI isn’t the future - it’s the now. Companies are rewiring at full speed. Keep up or get left behind.

• Founder Factories 2025 🌱

  Where do the world's top founders come from? This report uncovers the startup hubs that keep churning out unicorn-builders.

• Central & Eastern European Startups 2025 🌍

  The CEE startup scene is heating up. Get the data-driven scoop on the region’s breakout companies, funding trends, and ecosystem growth.

  

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Recently Launched Funds 💸

• Maven 11 locks in $107M for its third fund, doubling down on blockchain and crypto bets.

• Daphni kicks off a fresh €200M fund to fuel Europe’s next wave of breakout startups.

• ET Capital betting big on Cambridge’s deep-tech scene with a new fund targeting local startups.

• Nunc Capital deploying €20M to supercharge Ukraine’s defense tech innovators.

• Daybreak Ventures closes its debut $33M fund to back early-stage moonshots.

• Willowtree Investments raising its third fund to hunt for breakout startups in emerging markets.

• 2AM VC drops a second fund to fuel India’s next-gen founders.

• Yango Group launches a $20M corporate VC arm to place strategic bets on disruptive startups.

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Fundraising?

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and I can help. We gather startup fundraising data and share it with our audience of 300k+ investors and startup enthusiasts. Fill out this form and we’ll will do our best to connect you with the right investors! 🚀

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VC Jobs 💼

• Two Sigma Ventures (New York City, NY): VC Internship (apply here)

• Citi Ventures (San Francisco, CA): Senior VC Vice President (apply here)

• Suffolk Ventures (Boston, MA): VC Associate (apply here)

• Distributed Ventures (Chicago, IL): VC Associate (apply here)

• Arnold Ventures (Washington, DC): VC Analyst (apply here)

• Zinc Ventures (London, England): VC Lead (apply here)

• ACL Partners (Berlin, Germany): VC Associate (apply here)

• Match VC (Stuttgart, Germany): VC Internship (apply here)

• Interplay (Remote): VC Investor (apply here)

• Milk & Honey Capital Partners (Remote): VC Partner (apply here)

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Hottest Deals 💥

• Manna Air Delivery, raised $30M to scale its autonomous drone delivery network. (read more)

• Decharge, secured $2.5M in seed funding to expand its EV charging network. (read more)

• DeepIP, raised a $15M Series A to enhance AI-powered IP analytics. (read more)

• More, secured €2.3M in seed funding to develop sustainable materials. (read more)

• Allen Control Systems, landed $30M in Series A funding to boost industrial automation. (read more)

• Crusoe, secured a $225M credit facility to scale its climate-friendly cloud computing. (read more)

• Layer Health, raised $21M in Series A to revolutionize digital healthcare. (read more)

• Hakimo, closed a $10.5M funding round to enhance AI-driven security monitoring. (read more)

• Galatea Bio, secured $25M to accelerate genomic data analysis. (read more)

• Yutori, raised $15M in seed funding to scale its fashion-tech platform. (read more)

• Vestaron, secured over $20M to advance bio-pesticides for sustainable agriculture. (read more)

• HeartFlow, completed a $98M convertible note financing for AI-driven heart diagnostics. (read more)

• WunderGraph, raised a $7.5M Series A to advance GraphQL-based API infrastructure. (read more)

• Peachscore Cohort 16, features 41 startups across AI, fintech, and deep tech. (read more)

• Empire State Development, selects 10 startups for Round Eight of Luminate NY. (read more)

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RESOURCES 🛠️

✅ The 100+ Pitch Decks That Raised Over $2B 💰

✅ Ultimate Investor List of Lists (+5k VCs)

✅ 40 Pitch Decks That Raised Over $460M

✅ The Startup Founder’s Guide to Financial Modeling (7 free templates included)

✅ SAFE Note Dilution: How to Calculate & Protect Your Equity (+ Cap Table Template)

✅ 400+ Seed VCs Backing Startups in the US & Europe

✅ The Best 23 Accelerators Worldwide for Rapid Growth (and How to Get Into Them)

✅ 144 Family Offices That Cut Pre-Seed Checks

✅ The Ultimate Startup & Venture Capital Notion Guide: Knowledge Base & Resources

✅ AI Co-Pilots Every Startup & VC Needs in Their Toolbox

✅ How to Create a Co-Founder Agreement + 3 Templates