Startup & VC News You May Have Missed

🌟 What’s New This Week 🌟 

🤝 Anthropic partnered with Menlo Ventures on a $100M fund for startups using AI in the healthcare, education, & legal fields

📉 Capital favors the experienced: emerging fund managers represent only 23% of funds captured this year to date, a 10-year low

🧑‍⚕️ Digital health startups amassed $5.6B across 266 deals in the first half of 2024

🤖 Big Tech companies are forming a coalition that will design cybersecurity & safety standards for the AI tools they’re building

🗳️ Andreessen and Horowitz, historically centrist, are the latest VCs to back Trump’s presidential campaign

📚 Dive A Little Bit Deeper 📚

🐢 WE HAVE GROWTH AT HOME — High growth is not achievable anymore, let alone sustainable for most startups that don’t require lots of money to run daily operations. Founders can reach milestones by applying a steady growth strategy: setting achievable milestones with the money they have.

🎓 COMMON INTERESTS PAY OFF — Founder Tade Oyerinde initially struggled to find VCs for his edtech startup Campus. The issue: he pitched his niche startup to the general VC populace. When he targeted VCs with similar interests, the funding came rolling in. Listen here.

🦄 LOTS OF UNICORNS, LITTLE TO SHOW — Unicorns receive a lot of glory and appreciation in the startup & VC worlds, and rightfully so. But there comes a point when unicorns hinder investors’ returns and up-and-coming startups’ chances at accessing that same glory.

😍 FRIENDS, EARLY ADOPTERS, COUNTRYMEN — Early adopters have qualities founders need to succeed. Part supporter, critic, and financial backer, many young startups rely on early adopters when developing products for the market. Here are 5 ways to best harness them without being dependent.

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