Hacker News with Generative AI: Venture Capital

The Unicorn Boom Is Over, and Startups Are Getting Desperate (bloomberg.com)
The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects.
Antithesis: Lessons from Launch (antithesis.com)
It’s basically a cliche at this point for founders to write the “my experiences from one year of blah” post. Not quite “our incredible journey”-level, but getting there. And why not? It’s pure Hacker News catnip, practically guaranteed to get you views from the people who run the companies that you sell to and buy from in the Great Venture Flywheel / Startup Circle of Life. So I suppose I have to do one.
Startup Funding Roadmap (anyonyashraya.com)
This is a concise roadmap to help founders navigate the fundraising journey, from pre-seed to IPO. It provides actionable insights into funding sources, equity dilution, pros and cons, best practices, and common pitfalls, enabling founders to make informed decisions at every stage. Note: Beyond securing capital, fundraising is about finding strategic partners who align with your vision and can drive long-term growth.
The Butter Thesis (2019) (nickgrossman.xyz)
At USV, we talk a lot about our investment thesis.  The USV thesis is a set of ideas that has guided our investing over the years.  It is a tool we use to help ourselves know what to look for, and to help companies who fit into it to find us.
Venture Capital Extremism (vcinfodocs.com)
Tech extremism emerges from the power grab of right-wing venture capitalists in the tech industry.
Andreessen Horowitz stands by decision to hire Daniel Penny (techcrunch.com)
Andreessen Horowitz is defending its decision to hire Daniel Penny, according to an investor memo seen by The New York Times.
Andreessen Horowitz Defends Hiring of Daniel Penny to Its Investors (nytimes.com)
Partners at Andreessen Horowitz, the blue-chip venture capital firm in Silicon Valley, defended to investors their decision to hire Daniel Penny, a Marine veteran acquitted on a charge of criminally negligent homicide last year, according to an internal memo viewed by The New York Times.
You Can't "Win" in Tech Unless You Cheat (joanwestenberg.com)
PayPal started by paying people to sign up. Their viral growth came from essentially bribing users with $10 to join and $10 for each referral. That’s not innovation — it’s buying market share with venture capital.
Andreessen Horowitz Defends Hiring of Daniel Penny to Its Investors (nytimes.com)
Partners at Andreessen Horowitz, the blue-chip venture capital firm in Silicon Valley, defended to investors their decision to hire Daniel Penny, a Marine veteran acquitted on a charge of criminally negligent homicide last year, according to an internal memo viewed by The New York Times.
Daniel Penny Gets Hired by Andreessen Horowitz (thefp.com)
In less than two months, Daniel Penny has gone from facing a potential 20 years in prison to landing a role at Andreessen Horowitz, the premier investment firm in Silicon Valley.
Venture Capital Extremism (vcinfodocs.com)
Tech extremism emerges from the power grab of right-wing venture capitalists in the tech industry.
Venture Capital Extremism (vcinfodocs.com)
Tech extremism emerges from the power grab of right-wing venture capitalists in the tech industry.
SoftBank in talks to invest up to $25B in OpenAI (ft.com)
2025 will likely be another brutal year of failed startups, data suggests (techcrunch.com)
More startups shut down in 2024 than the year prior, according to multiple sources, and that’s not really a surprise considering the insane number of companies that were funded in the crazy days of 2020 and 2021.
Enshittification isn't caused by venture capital (pluralistic.net)
Many of us have left the big social media platforms; far more of us wish we could leave them; and even those of us who've escaped from Facebook/Insta and Twitter still spend a lot of time trying to figure out how to get the people we care about off of them, too.
Why everyone in AI is freaking out about DeepSeek (venturebeat.com)
As of a few days ago, only the nerdiest of nerds (I say this as one) had ever heard of DeepSeek, a Chinese AI subsidiary of the equally evocatively named High-Flyer Capital Management, a quantitative analysis (or quant) firm that initially launched in 2015.
Billionaires and tech VCs have now set their sights back on Wikipedia (hachyderm.io)
I Won't Invest (2019) (davidjarvis.com)
Between the pre-seed and seed rounds for Griffin we pitched nearly 200 different investors. These are some of their reasons for saying no.
Show HN: Chart of VCs Success Rate (mikealche.com)
YC CompaniesVCs
Enshittification isn't caused by venture capital (pluralistic.net)
Many of us have left the big social media platforms; far more of us wish we could leave them; and even those of us who've escaped from Facebook/Insta and Twitter still spend a lot of time trying to figure out how to get the people we care about off of them, too.
Mark Cuban is ready to fund a TikTok alternative built on Bluesky's AT Protocol (techcrunch.com)
Entrepreneur and investor Mark Cuban is ready to fund a TikTok alternative built on Bluesky’s AT Protocol, he shared in a TikTok video posted on Wednesday.
Chinese venture capitalists force failed founders on to debtor blacklist (ft.com)
Chinese VCs go after personal assets of failed founders (techcrunch.com)
In the U.S., it’s accepted that most startups fail — and when that happens, VCs (generally) accept their losses and move on. But that’s not the case in China, where VCs are trying to claw back their investments in failed startups by pursuing the personal assets of their founders in court, The Financial Times reports.
Silicon Valley Tech Investor Orchestrated Takedown Plot of Startup Toptal (cnbc.com)
Chinese venture capitalists force failed founders on to debtor blacklist (ft.com)
Why we invested in Silicon Box and the advanced chiplet packaging (medium.com)
Why We Invested in Silicon Box and the Advanced Chiplet Packaging
With Gaza war and Trump's return, Silicon Valley embraces a military Renaissance (972mag.com)
On Dec. 10, Israeli military officials, weapons manufacturers, and American venture capitalists gathered at Tel Aviv University for the first ever DefenseTech Summit.
What Happened in 2024 (avc.xyz)
Some years are marked by one big thing that overshadows everything else. In tech, startups, and VC, 2024 was one of those years. The one big thing was Silicon Valley's hostile takeover of the federal government, via an infiltration of Donald Trump's MAGA movement, and Trump's subsequent thrashing of Joe Biden's "establishment" government in the November election.
Marc Andreessen Warns Against 'Government-Protected Cartel' of Major AI (aicoin.com)
In a lengthy Twitter thread, Marc Andreessen—noted venture capitalist and co-founder and general partner at Andreessen Horowitz—laid out the case for allowing AI development, but warned about creating a “government-protected cartel.”
Y Combinator's 2024 year in review (twitter.com)