Startup & VC News You May Have Missed

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Juliet McAlee
July 15, 2024

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Hello!

We hope all you tennis fans enjoyed Wimbledon over the weekend! The two-week-long championships ended on Sunday. The big winners were Carlos Alacaraz, who won the men’s singles finals against Novak Djokovic, and Barbora Krejčíková, the women’s singles final winner against Jasmine Paolini.

23.8M watched the Wimbledon final this year. If you weren’t one of them, you need to remove the tennis balls stuck on the feet of your chairs and return them to your local tennis court. It’s in the Wimbledon rule book or something.

Until next week! Stay cool 😎

🌟 What’s New This Week 🌟 

🖋️ Calls to crack down on Big Tech’s “reverse acqui-hires” are growing in Congress

⚙️ a16z is stockpiling 20,000+ GPUs to attract AI companies to its portfolio

💰 Investors funneled $22B into early-stage startups in Q2 ‘24, up from $13B in Q1

⚖️ Slync founder Chris Kirchner was sentenced to 20 years for securities fraud

🤖 OpenAI partners with Los Alamos National Lab to study the effects of gen AI

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📚 Dive A Little Bit Deeper 📚

👔 A CORPORATE’S GUIDE TO STARTUPS — Building a startup evokes the image of one or two young professionals tinkering in a garage (thanks, Microsoft and Apple). But corporates can get in on the startup game, too. The journey just looks a bit different than what we’ve come to expect.

🤳 NOT JUST A YOUTUBER’S PLAYGROUND — VidCon, the 2010s institution where YouTubers host meet ‘n’ greets and panels, is also a great networking opportunity for video content startups. Field ideas for content, connect with influencers and maybe meet your favorite MUA (if that’s your thing).

📋 REGULATION IS YOUR FRIEND — Regulation is a word that has many Big Tech companies shaking in their boots, especially with the hype around AI. Not only should placing a rule here or a bureaucratic overview there not be a cause for concern, but it should happen now rather than later.

👩‍🏭 BREAK OUT THE METAL DETECTOR — Metaphorically, that is. Everyone knows money is in short supply, but to grow, sometimes you need to spend. In these situations, startups have to get creative when scrounging up funds. Also, this doesn’t necessarily equal mass layoffs or shutting doors.

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⚡️ Question for the Community ⚡️

Would you ever take an investment opportunity if it meant accessing GPUs to run your startup?

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Results from last week’s poll:

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