1001, the startup founded by an ex-Scale operator, raises a $9 million seed round led by CIV, General Catalyst, and Lux Capital. https://t.co/nGqkMtTm5e ...

Company Overview - WellTheory, a health technology startup focused on autoimmune care, has secured $14 million in Series A funding led by General Catalyst, with participation from several other investors [1][2] - The company was founded by Ellen Rudolph in 2022, aiming to transform traditional care models for autoimmune diseases through holistic and personalized programs [2] Market Opportunity - The autoimmune disease market is significant, with over 50 million Americans affected by conditions such as rheumatoid arthritis, lupus, and multiple sclerosis, a number that has more than doubled in the last 30 years [3] - The economic burden of autoimmune diseases is projected to reach $180 billion by 2025, with costs expected to double in the next 15 years if new treatments do not emerge [4] Business Model and Services - WellTheory offers personalized care plans for over 100 distinct autoimmune diagnoses, focusing on the root causes of symptoms rather than treating them in isolation [4] - The company utilizes proprietary AI tools, including Care Hub and Care Scribe, to streamline treatment plans and improve operational efficiency [5] Team and Support Structure - Members of WellTheory work with a human care team that includes a registered dietitian, a certified health coach, and a care coordinator, providing one-on-one sessions and unlimited messaging [6] Funding Significance - The recent funding round is notable as all institutional investors involved were female partners, highlighting the rarity of female-led startups receiving venture capital, which accounts for less than 2% of total funding [6]

Core Insights - Deel has successfully raised $300 million in a Series E funding round, co-led by Ribbit Capital and Andreessen Horowitz, despite ongoing legal disputes with competitor Rippling [1][3] - Deel has reported profitability for three consecutive years and has surpassed $1 billion in annual recurring revenue (ARR), achieving a monthly revenue of $100 million in September [2] - The company serves over 35,000 customers and manages more than 1.5 million workers across 150 countries, focusing on the complexities of global employment and currency regulations [2] Investment Sentiment - Top-tier venture capitalists remain optimistic about Deel, with Ribbit Capital's founder expressing long-standing support for the company as a trusted brand in HR solutions [3] - Andreessen Horowitz has also praised Deel for its efforts in building a leading HR platform for global companies [3] Competitive Landscape - Rippling, despite its ongoing lawsuit against Deel, has continued to attract investment, raising $450 million in a Series G round at a valuation of $16.8 billion [4]

Core Insights - The surge in AI investments has led to a dramatic increase in valuations of unprofitable AI startups, totaling nearly $1 trillion in the past year, marking the fastest wealth expansion in history [1] - U.S. venture capital (VC) investments in AI are projected to exceed $200 billion this year, significantly surpassing previous tech bubbles, indicating a strong market focus on AI [2] - The current investment climate is characterized by a "winner-takes-all" mentality, with expectations that only a few companies will dominate the market, reminiscent of the internet era [3] Investment Trends - The AI sector has attracted over $200 billion in VC funding this year, which is more than the $135 billion invested during the SaaS bubble in 2021 [2] - AI companies are experiencing inflated valuations, with some startups valued at 100 times their annual revenue, driven by a fear of missing out (FOMO) among investors [2] - The expectation is that while a significant amount of AI investment may be wasted, the technology could ultimately create tenfold value [3] Market Dynamics - The valuations of private AI companies are beginning to impact public markets, with major tech firms like AMD and NVIDIA seeing substantial market cap increases due to their associations with AI startups [3] - The competition among AI companies, particularly between OpenAI and tech giants like Microsoft and Google, is intensifying, leading to high operational costs and uncertain profitability timelines [4] - The current capital frenzy in AI resembles previous market bubbles, with valuations detached from actual earnings, raising concerns about the sustainability of this growth [5]

The AI boom is sustainable, three Wall Street analysts argue in research notes this morning. Productivity gains from AI are expected to far outweigh current spending, they say, and capital expenditure on data centers and chips remains robust. Stop worrying about the bubble in AI—its growth is sustainable, three Wall Street analysts from Goldman Sachs, JPMorgan, and Wedbush argued this morning in notes seen by Fortune. Traders seem to agree, at least for now. Futures contracts for the tech-heavy Nasdaq ...

Core Viewpoint - Andreessen Horowitz (a16z) has denied reports about opening an office in India, labeling them as "entirely fake news" [1][2]. Group 1: Office Expansion and Denial - Indian media reported that a16z was planning to establish a physical office in Bengaluru and hire a local partner, but this was dismissed by a general partner [1][2]. - Anish Acharya, a general partner at a16z, confirmed the denial on social media, emphasizing his admiration for India while rejecting the claims [2]. Group 2: International Strategy - The denial of the India office comes amid a16z's scaling back of international ambitions, including the closure of its London office just 18 months after opening [3]. - The firm cited a shift in strategy and more favorable regulatory conditions in the U.S. as reasons for the London office closure, while stating it would continue investing internationally through remote teams [3]. Group 3: Investment Focus in India - India has not been a primary focus for a16z compared to other U.S. venture firms like Accel and Lightspeed, with its only significant investment being in crypto exchange CoinSwitch during a $260 million funding round in 2021 [4]. - Although a16z reportedly sought to invest about $500 million in Indian startups, it has not made any major investments in the country since [5]. Group 4: Challenges in Emerging Markets - a16z co-founder Marc Andreessen previously noted the challenges of expanding into emerging markets, highlighting the hands-on nature of venture capital and the importance of understanding local partners [6].

Core Viewpoint - Petershill Partners, a private equity firm under Goldman Sachs, is set to delist after a brief four-year public listing due to a significant decline in its market value, which has fallen 37% below its net asset value since 2024 [5][22]. Group 1: Company Overview - Petershill Partners was established in 2007 as Goldman Sachs' internal private equity division and became an independent company in 2021, successfully listing on the London Stock Exchange with an initial market value exceeding $5 billion [5][14]. - The firm specializes in investing in other general partners (GPs) rather than acting as a limited partner (LP), focusing on emerging private equity firms with high growth potential [6][7]. Group 2: Investment Strategy and Performance - Petershill Partners has successfully identified and invested in several high-potential VC/PE firms, contributing to their significant growth, such as General Catalyst and Clearlake Capital, which have seen their fund sizes increase dramatically post-investment [9][10]. - Despite a strong performance in terms of portfolio growth, with total assets under management reaching $351 billion by 2025, Petershill Partners has struggled with market perception and valuation, leading to a persistent decline in stock price [19][21]. Group 3: Market Challenges and Delisting - The firm faced a dual challenge of a broader exit drought in the private equity market and specific difficulties related to the exits of its portfolio GPs, which compounded its valuation issues [6][19]. - Petershill Partners' stock price fell below its initial offering price shortly after listing and continued to decline, leading to a situation where the firm had to consider delisting as a viable option to protect shareholder value [17][22].

Core Insights - General Catalyst launched the Health Assurance Transformation Company (HATCo) in late 2023 to innovate health system operations, including acquiring a health system [3][4] - HATCo has targeted Summa Health, a major integrated delivery system in Ohio, for acquisition, with a non-binding deal announced in January 2024 and finalized in November [5][8] Financial Performance - Summa Health reported a $9.6 million operating loss on $2 billion revenue in the previous year and a $43.5 million operating loss on $1.9 billion revenue in 2023, indicating financial struggles amid rising care costs [6] - Despite operating losses, investment income helped Summa return to overall profitability, making the HATCo deal appealing for debt reduction and capital investment [6] Acquisition Details - The acquisition price for Summa Health is set at $500 million, with HATCo also pledging $15 million to a community health foundation and $350 million for technology investments in the first five years [7] - An additional $200 million is committed for strategic and transformative investments over the first seven years [7] - The acquisition marks the first instance of a hospital operator owned by a venture capital firm, transitioning Summa to a for-profit entity [8]

Hemant Taneja, General Catalyst CEO, spoke about AI at the 2025 Forbes #Under30Summit in Ohio. (Photo: Jamel Toppin for Forbes)Read more: https://t.co/VdQ1pJhdYD https://t.co/VsHRTXWA1j ...

“This moment in time, the decisions we’re making, the companies we’re building are going to impact the world for centuries to come.”@htaneja, General Catalyst CEO, spoke about investing in the future of tech at the 2025 Forbes #Under30Summit in Ohio. https://t.co/DkFSTJW9uP https://t.co/FAt0vWr8NM ...