What I Read This Week…

Venture capital in 2024 held steady but didn’t return to 2021 levels, U.S. agricultural exports have fallen to a deficit, and board certification exam scores are correlated with patient survival rates

Watch All-In E217 Read our Deep Dive: The Current State of AI and Follow-Up Conversation with Sina Sojoodi Caught My Eye… Venture capital in 2024 held steady but didn't return to 2021 levels, with U.S. firms collecting $76.1 billion (the lowest since 2019) across 508 new funds. Established players received most of the $76.1 billion, with the top 30 funds securing 75% of all capital and just nine funds taking 46%, while Andreessen Horowitz alone obtained about 10%. This is a sign of "flight to quality," where LPs choose established firms rather than newcomers as they wait for returns from…

related reading

• Venture Science — The Odin Research Directoryresearch.joinodin.com
• A student's guide to VClindatong.substack.com
• TechCrunch | Startup and Technology Newstechcrunch.com
• Heat Death: Venture Capital in the 1980s | Reaction Wheelreactionwheel.net
• Venture Lotto - Altos Venturesaltos.vc
• Stop playing the mark up gamex.com
• The Crisis of Venture Capital: Fixing America’s Broken Start-Up System - American Affairs Journalamericanaffairsjournal.org
• Patient Capital Will Eat the Worldsubstack.com
• Patient Capital Will Eat the Worldminutes.substack.com
• Jack Altman on X: "My guests on Uncapped this week are @kevinhartz and @BennettSiegel, co-founders of the early stage VC firm A*. They've backed companies like Notion, Mercor, Ramp, Decagon, Similie, and many more. They also announced a new $450m fund today. We discussed the state of venture https://t.co/gfHcGxeF2O" / Xx.com
• Will Manidis (@WillManidis) on Xx.com
• What I read this week...chamath.substack.com