Take Weird Ideas Seriously - Not Boring by Packy McCormick

Welcome to the 1,763 newly Not Boring people who have joined us since our last essay! Join 253,725 smart, curious folks by subscribing here: We are living through of one of the most interesting periods in startup history. Revenue is growing faster, rounds are bigger, funds are bigger, and companies are burning billions. Some categories are red hot and others can’t buy a bucket. That’s why I found SVB’s new State of the Markets H2 2025 report so fascinating. It highlights a complex and uneven recovery across tech. While some sectors are experiencing renewed growth, others face persistent challenges with stagnant deal activity, depressed valuations, and limited exits. 50% of VC-backed tech companies having less than a year of cash remaining. Series A companies burn $5 to generate every $1 of revenue. One-third of US VC investment has come from deals involving the six largest funds. Things are changing fast. Get it here Hi friends 👋, Happy Thursday! We haven’t done a weird essay (or a sh

Welcome to the 1,763 newly Not Boring people who have joined us since our last essay! Join 253,725 smart, curious folks by subscribing here: We are living through of one of the most interesting periods in startup history. Revenue is growing faster, rounds are bigger, funds are bigger, and companies are burning billions. Some categories are red hot and others can’t buy a bucket. That’s why I found SVB’s new State of the Markets H2 2025 report so fascinating. It highlights a complex and uneven recovery across tech. While some sectors are experiencing renewed growth, others face persistent challe