🔍 Joseph Jacks and OSS Capital: Betting on Open Source Startups

Joseph Jacks, founder of OSS Capital, is making waves in the investment world by focusing on early-stage open source startups like Formbricks, AppFlowy, and Cal.com. He believes that the interplay of philanthropy and capitalism within the open source realm can lead to sustainable business models, despite the inherent challenges of monetizing open source software.

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🌐 Biotech Leads 2024 VC Megadeals, Surpassing AI

Biotech is outpacing AI in 2024’s VC megadeals, with 87 $100M+ rounds compared to AI’s 26. Major deals include Xaira Therapeutics’ $1 billion round and Superluminal Medicines’ $120 million, signaling strong investor confidence in health tech.

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💵 South Korean Cybersecurity Startup Thero6 Raises $6 Million in Seed Round to Boost Blockchain Security

Thero6, a South Korean cybersecurity startup developing AI-powered blockchain firewalls and algorithms, has secured $6 million in a seed round, including $1.07 million from crowdfunding. The company aims to expand its team and make its product demo available to Asian firms by 2025.

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💎 Read AI Secures $50M to Expand Its AI Summary Bot Capabilities

Read AI has raised $50 million in a Series B funding round, led by Smash Capital, to enhance its AI bot's integration with popular tools like email and Slack. This comes on the heels of strong customer growth, with over 100,000 new accounts created since its last funding round, showcasing the demand for its innovative solutions.

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👀 Venture Capital's Political Power Play: Millions at Stake in the 2024 Election

Venture capitalists are predominantly donating to Democratic candidates, with Reid Hoffman leading as the top individual donor at nearly $30 million, while Vinod Khosla contributed over $3 million to Democratic causes. In contrast, Republican donations are significantly lower, with Doug Leone from Sequoia Capital contributing about $3.8 million, and Andreessen Horowitz investing $47 million in blockchain-friendly initiatives that support both parties.

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🌐 AI Grabs a Record 33% of U.S. VC Funding in 2024

AI startups are attracting a growing share of U.S. venture capital, with investments jumping from 14% in 2020 to 33% in the first nine months of 2024. Q3 alone saw $38 billion in VC funding, 37% of which went to AI-focused deals, setting the stage for even more funding as the sector matures.

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⚠️ U.S. Tightens Grip on AI Investments in China Amid Security Concerns

The U.S. is finalizing rules that will ban American investments in China's AI, quantum tech, and semiconductor sectors starting January 2, targeting technologies with military and surveillance uses. Investors will be restricted from providing funds or expertise that could enhance China's military and intelligence capabilities, with limited exceptions for publicly traded securities.

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🔍 Swing States Lag Top Venture Hubs but Boast Diverse Startup Growth

While swing states like Pennsylvania, Michigan, and North Carolina may not match the venture capital intensity of major hubs like California, Massachusetts, and New York, they each host prominent, sector-specific startups. Ranging from Michigan's electric vehicle tech to North Carolina's biotech, these regions reveal unique entrepreneurial strengths.

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💵 Hummingbirds Raises $5.4M to Boost Hyperlocal Creator-Brand Connections

Hummingbirds, a platform connecting local content creators with community-based brands, secured a $5.4 million seed round to expand across 20 U.S. cities by 2025. This startup, founded by Charise Flynn and Emily Steele, taps into nano-creators with under 10,000 followers, delivering high engagement rates for brands seeking authentic, word-of-mouth marketing.

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📊 European Defense-Tech Sector Sees Record Funding Amid Rising Geopolitical Tensions

Amid escalating conflicts, Europe’s defense-tech sector has reached a record $531.6M in 2024, with new venture firms capitalizing on dual-use technologies to support the region's security needs.

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💎 Janngo Capital Closes $78M Fund to Boost African Startups and Gender-Equal Investments

African VC Janngo Capital has closed its second fund at $78 million, surpassing its target, and will continue investing in African startups with a strong focus on supporting female founders and gender-equal opportunities.

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🟢 Flueid Secures $8.3M to Expand Real Estate Title Verification Solutions

Flueid’s new funding, led by LiveOak Ventures, aims to drive growth and advance its VOT technology, bringing early title insights to streamline real estate transactions.

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🚀 xAI Valued at $40 Billion in New Funding Round

Elon Musk’s AI startup xAI is in early talks to raise new funding at a valuation of $40 billion, following a previous round in May that valued it at $24 billion.

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🔥 Silicon Valley’s Billionaire VC Duo Throws Support Behind Trump

Marc Andreessen and Ben Horowitz, influential Silicon Valley VCs, endorse Donald Trump, viewing him as a bulwark against proposed Biden policies they believe could threaten tech startups and innovation.

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🔍 Melio Secures $150 Million in Strategic Funding to Expand SMB Payment Solutions

Melio, a leading platform for small and medium business payments, raised $150 million in a funding round led by Fiserv, with participation from Shopify Ventures, Capital One Ventures, and other major investors to drive growth through strategic partnerships.

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🔥 VCs share what they actually want to see from early stage founders | TechCrunch Disrupt 2024

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👀 Startup Funding Evolution: Age Matters More Than Ever

Today's data shows US startups are raising later than before, with Series D companies now averaging 8.3 years old at funding (up from 6.4 years in 2019), suggesting a trend toward more mature companies securing major investment rounds.

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🌐 October’s Top 10 U.S. Funding Rounds: OpenAI Leads with $6.6B

October saw some major funding rounds, led by OpenAI’s $6.6 billion raise, which dwarfed all others. Pacific Fusion followed with a $900 million round, and Crusoe Energy Systems, Poolside, X-energy, and Insider each raised $500 million.

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⚡️ Managing Power and Trust in Investor and Partner Relationships

1️⃣ Don’t force your way — successful partnerships thrive when both parties prioritize shared goals over individual ambitions, fostering a collaborative environment.

2️⃣ Prioritize long-term goals — founders must remain steadfast in their commitment to the long-term success of the company, even when pressured for short-term gains.

3️⃣ Balance professionalism with warmth — maintaining a professional demeanor while building trust through social interactions helps keep business decisions objective and focused.

4️⃣ Project strength and be honest — entrepreneurs should project confidence and practice radical honesty to establish credibility and foster trust in their relationships.

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🔍 The Rise of GenAI Startups in Europe and Israel

The Accel report highlights a surge in GenAI startups across Europe and Israel, with the UK leading in both the number of startups and investment attracted, as former top executives from OpenAI venture into new entrepreneurial landscapes.

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❓ Venture Capitalists Bet on Both Sides of the AI Rivalry

Breaking a long-standing taboo, VCs are pouring billions into competing LLM startups like OpenAI and Anthropic, sparking debate: is this hedging a smart strategy or an ethical dilemma?

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