The startups you'll wish you'd known about earlier

“Some of the best content in the world on VC, in-depth research and analysis. Grazie!” — Michele, a paying member Friends, A few weeks ago, we released the 2025 Future 50—our annual database of the world’s highest-potential startups valued under $200 million. If you missed it, here are the details: Over 200 elite venture practitioners nominated companies with the highest upside, and we spent five months researching each one. We distilled the results into detailed profiles with exclusive traction data you won’t find anywhere else. Last year’s cohort has already begun raising at significantly higher valuations. Several companies we featured have since crossed our $200 million threshold, validating our early detection system: Clay, the AI database, shot up to $3.1 billion, thanks to a recent round from CapitalG. Modal was recently reported to be negotiating a $1 billion valuation, a rapid rise for the AI infrastructure startup. Smart ring maker, Ultrahuman, reportedly grew revenue 5.4x Yo

“Some of the best content in the world on VC, in-depth research and analysis. Grazie!” — Michele, a paying member Friends, A few weeks ago, we released the 2025 Future 50—our annual database of the world’s highest-potential startups valued under $200 million. If you missed it, here are the details: Over 200 elite venture practitioners nominated companies with the highest upside, and we spent five months researching each one. We distilled the results into detailed profiles with exclusive traction data you won’t find anywhere else. Last year’s cohort has already begun raising at significantly hi