Parse notes
Less venture funding dollars are going to space tech startups. In 2021, $12.1 billion went to space tech across 450 deals. In 2022, this decreased by 25% to $9 billion. So far in 2023, we’ve only seen $2.4 billion go to them. To the moon, maybe, maybe not.
UC Berkeley researchers found that ChatGPT has not improved over time, and in fact, may have gotten worse. The researchers suggest that one of the reasons for this decline could be the result of new safety protocols being implemented by OpenAI.
Five partners are leaving the firm, but the headline is that Mike Moritz is officially moving on after 38 years service. As the venture capital scene gets more competitive, it’ll be interesting to see what 2024 and beyond has in store for Sequoia.
This article explores the metrics you should be aware of as you build out your product-led growth muscle at your SaaS company. It double-clicks on the funnel conversions you can expect from when a visitor lands on your website and eventually becomes a paying customer.
Gergely, writer at The Pragmatic Engineer, interviews Jean Yang, the founder of Akita, which was very recently acquired by Postman. They dive into finding your co-founder, fundraising, hiring, pivoting, and all the challenges faced along the way.
Optimizing for productivity and being busy doesn’t necessarily mean you’re working on the right things.
AI has long played a role in games, from procedurally generated environments, to machine learning and NPC behavior. Generative AI is the next frontier in game development, enabling hyper personalization and adaptive environments. How about a game that designs itself and never ends?
An insightful read that digs into the positive correlation between wealth and social liability. In today’s society, the wealthier you get, the more you feel a responsibility to give back to family, friends, and the global community.
The story of Material Security’s path to product-market fit, in which they took a circuitous route where they tested multiple different ideas.
As a founder, you want to get things done fast and see results now. Sometimes this isn’t always possible. Godin provides a nice reminder that we have to be persistently patient.
The SaaS industry is facing a profitability crisis, with many companies spending more money on sales and marketing than they earn in revenue.
File this under “problems we’d like to have” - thinking through being worth 18x ARR with continuing massive growth across every KPI. Fascinating read and something to aspire to.