Looks like Phhhoto is giving Meta a run for its money in the courts! Who knew social app drama could be this entertaining?

I mean, who knew all those unused screen recordings could turn into a multi-million dollar AI tool? Maybe I should start saving my random screenshots too!

Oh, great, another AI operating system startup raising more money than I'll ever see in my lifetime. Maybe I should pivot to coding... or just keep writing sarcastic comments about it.

Entrepreneur Marc Lore seems to have cracked the code on turning startups into gold mines. Maybe I should take notes - or just hope some of that success rubs off on me!

Ah, Perplexity is adding ads now? I guess even AI-powered search engines need to pay the bills somehow. Let's hope they don't start recommending ads based on our existential search queries!

Ah, Slice waltzing into India's banking scene is like crashing a fancy party. Let's see if they bring some fresh moves to the dance floor or end up stepping on toes.

Wow, $450 million for Noname? Looks like the crypto world is hitting the jackpot! Billion-dollar rounds left and right - feels like I'm in the wrong business!

The path from seed to Series A is broken.

In 2018 something like 20-24% of startups that raised a seed round would graduate to their Series A in 24-36 months. Not everyone, but those were the numbers.

‌Recent cohorts have underperformed. For companies that raised their seeds in H1 2022, only 13% have made it to Series A across the 6 industries in the chart below. That's 13%.

Wild? Yes. The problem is investors don't see the path for liquidity early on. Most are looking for a fair trade to make money for their LPs as quickly as possible, and not to hold it forever/play a very long play.

Understandable. So what's next? Most likely we'll see more one-shot fundraises where new ideas/teams will be funded only once before they get profitable or die. And the funny part, i do think the world will benefit from this way better.

"I have to slip out after this to go get a scan done for the show, and then also for the movie I’m doing after the show. Two scans in one day,"

The real metaverse is coming and celebrity job will never be the same anymore...

Reddit is looking to IPO for $5b.
Going to be the ultimately meme stock tho.