AI IPOs and Venture Capital - The venture capital industry anticipates blockbuster IPOs from companies like SpaceX, Ramp, Anthropic, and OpenAI, potentially valued from 500 billion to over 1 trillion USD [2] - These IPOs are expected to release capital that has been invested without immediate returns, marking a crucial year for venture capital [3] Market Concentration and Bubbles - The economy exhibits significant concentration, mirroring trends in public markets where Nvidia's dominance is notable, and MAG7 stocks constitute over 30% of the S&P [4] - A substantial portion of private capital is directed towards large foundation models and frontier labs, representing a high percentage of venture capital investment in the last decade [5] - The key considerations for assessing a potential bubble include evaluating demand for AI buildout, the viability of infrastructure depreciation, and the reasonableness of multiples for companies concentrating capital [6] Large Language Models (LLMs) - LLMs may become commodities, similar to cloud storage, which is a business generating 10 to 30 billion USD in annual revenue with 30-40% year-over-year growth [9] - LLMs are specializing in specific areas, such as Anthropic focusing on coding and enterprise applications, OpenAI targeting consumer use cases and media, and Google pursuing a broader approach [10][11] Investment Opportunities - Public investors should consider the agentic app layer, as reasoning models developed over the past 18 months are enabling practical enterprise applications [13] - Opportunities exist in companies that are effectively replacing services with AI in sectors like insurance, law, healthcare, and commerce, potentially leading to margin expansion [14]

The Nordic red-hot startup movement continues. On Tuesday, Neil Murray, founder and general partner at Copenhagen-based firm The Nordic Web Ventures, announced the close of a $6 million Fund III to continue investing in early-stage founders in the region. The fund will focus on writing the first institutional checks to companies focused on robotics, AI-native companies, and deep tech founders. Murray, a solo GP, told TechCrunch that his first two funds were “test vehicles” to prove his ability to spot ...

Core Insights - Olympus Corporation has committed $150 million to establish OIV Fund II, targeting investments in promising medtech startups within the gastrointestinal, urology, and respiratory sectors [1] - The fund is described as 'stage-agnostic', focusing on early to growth-stage companies globally that offer therapeutic solutions for specific medical specialties [2] - OIV Fund I, the inaugural fund, had a capital allocation of $50 million and invested in nine medtech startups, including On Target Laboratories and Universal Diagnostics [3] Investment Strategy - OIV Fund II aims to create a pipeline of M&A opportunities, partnerships, and valuable market insights [1] - The fund will continue to support existing portfolio companies from OIV Fund I, which was launched in 2021 [2] - Olympus's chief strategy officer emphasized the commitment to investing in startup teams developing unique solutions in endoscopy-enabled care [4] Management and Partnerships - Cerity Partners Ventures will continue to manage OIV's second fund, having partnered with Olympus since the launch of the first fund [4] - The collaboration aims to leverage technical strengths, industry relationships, and expertise to support leading entrepreneurs [5] Market Positioning - Olympus is focusing on carving out a position in the market with its investments in GI startups, including the establishment of Swan EndoSurgical Robotics, which aims to develop an endoluminal surgical robotics platform [5][6] - Swan's goal is to enhance minimally invasive treatment options for GI tract lesions or tumors by addressing ergonomic limitations of manual endoscopy [6]

David George is a General Partner at Andreessen Horowitz, where he leads the firm's Growth investing team. His team has backed many of the defining companies of this era, including Databricks, Figma, Stripe, SpaceX, Anduril, and OpenAI, and is now investing behind a new generation of AI startups like Cursor, Harvey, and Abridge. ----------------------------------------------- Timestamps: 00:00 Intro 01:24 Why Everyone is Wrong: Mega Funds Does Not Reduce Returns 07:13 The Biggest Advantage of Staying Privat ...

The best VCs don't try to run their portfolio companies, they clear the path for the next round and get out of your way.@fubini explains how @xyz_vc wins by bringing ecosystem expertise and network access while trusting founders to do what they do best...build.Listen to this week’s full episode of Build Mode, also featuring @lesliefeinzaig of @grahamandwalker: https://t.co/TQf6MzfrAn ...

The best VCs don't try to run their portfolio companies, they clear the path for the next round and get out of your way.@fubini explains how @xyz_vc wins by bringing ecosystem expertise and network access while trusting founders to do what they do best...build.Listen to this week’s full episode of Build Mode, also featuring @lesliefeinzaig of @grahamandwalker: https://t.co/TQf6MzfrAn ...

Most VCs have never raised a fund themselves. Leslie Feinzaig explains why GPs like her and Ross Fubini, who've been in founders' shoes, can better help their portfolio companies make smart partnership decisions.Listen to this week’s full episode of Build Mode with @lesliefeinzaig (@grahamandwalker), @fubini (@xyz_vc) and our host Isabelle Johannessen: https://t.co/TQf6MzfrAn ...

The best VCs don't try to run their portfolio companies, they clear the path for the next round and get out of your way.@fubini explains how @xyz_vc wins by bringing ecosystem expertise and network access while trusting founders to do what they do best...build.Listen to this week’s full episode of Build Mode, also featuring @lesliefeinzaig of @grahamandwalker: https://t.co/TQf6MzfrAn ...

Most VCs have never raised a fund themselves. Leslie Feinzaig explains why GPs like her and Ross Fubini, who've been in founders' shoes, can better help their portfolio companies make smart partnership decisions.Listen to this week’s full episode of Build Mode with @lesliefeinzaig (@grahamandwalker), @fubini (@xyz_vc) and our host Isabelle Johannessen: https://t.co/TQf6MzfrAn ...

The market has ‘switched’ and founders have the power now, VCs say https://t.co/k4caaid19X ...