Interesting data by Peter Walker and Carta What stands out: - over 12 years in, and only roughly half of funds have returned 1x DPI - 10 years in, the threshold for Top Q DPI in venture is 1.5x-2x (the action is is Top Decile)

XBOW team unleashing the best of OpenAI While GPT-5 was post trained primarily on coding and design it has had a surprisingly large lift in hacking 🚀🚀 See Oege de Moor Brendan Dolan-Gavitt Nico Waisman and XBOW full report below!

3 yrs since launch of ChatGPT & OpenAI may hit $500 B. Google hit $500 B in 2016 w ~ $90 B revs, $20 B net income. Meta in 2023 w ~ $135 B revs, $39 B net income. Huge future expectations. 📈🧐

Last week $AMZN announced a massive expansion of it's same-day grocery delivery and is now offering perishable items in over 1k cities with plans to scale to 2.3k by YE25. Rather than a mishmash of Whole Foods, Amazon Fresh, and Amazon.com with various subscriptions

Huge release from the LiveKit team! You can now build, test, monitor and scale voice agents all from a single place. The future of voice ai is here!

This week on Clouded Judgement: Workflows Are the New Databases - Median software multiple: 4.8x - High Growth software median: 29.3x - Mid Growth software median: 6.8x - Low Growth software median: 3.8x - 10Y: 4.3% Article in next post 👇

AI Agents and the Future of Grocery Delivery Imagine never touching a grocery app again, your personal AI agent knows your fridge, your family, your plans, and orders before you realize you’re out. What would that look like and what are the implications for the three strategies

As inference exploded & compute remained constrained, specialized inference clouds (w varying degrees of price / speed advantages) are quickly becoming at-scale compliments to huge NVDA clusters. Cerebras is helping lead the way. 💥🚀

Making our critical supply chains - especially rare earth magnets - more resilient is grt for our economy & our natl security. Time to build & scale! Agreed Packy McCormick! Vulcan Elements 🇺🇸🚀

🚀 Exciting news at Altimeter: Freda Duan has been promoted to Partner! Freda invests at the intersection of autonomy, crypto, and bold technologies—researching on self-driving cars, robotics, digital finance, and disruptive breakthroughs that push society forward. A lifelong

How Hotels Can Thrive in an Agentic AI World: From SEO to MCP With the launch of GPT 5, operator, and a slew of Agentic AI tools, the age of booking a hotel or flight with an AI Agent is upon us. For the consumer it accelerates the ability to digest information, discover, and

Snowflake quarter: - $1,145m rev (+32% YoY) vs $1,084m consensus (6% beat) - $1,128m next Q product rev guidance vs $1,118m consensus (1% raise) - Raised full year guide 2% from last Q - 125% net dollar retention - 22 months GM adj. CAC payback - 68% GM - 5% FCF Margin $SNOW

Altimeter Partner Apoorv Agrawal joined Molly O’Shea on the Sourcery podcast to discuss: - OpenAI’s growth - AI Supercycle Mirrors Past Technology Shifts - “Speed Is the Only Moat” - Power Law of VC - XBOW & the Future of Cybersecurity - Palantir Culture → Forward Deployed

China. China. China. Gurley goes back to China & we break down Dan Wang new book Breakneck - what China’s innovation surge can teach us about accelerating the US! Bill Gurley 🇺🇸🚀

This week on Clouded Judgement: The AI Innovators Dilemma - Median software multiple: 5.1x - High Growth software median: 30.5x - Mid Growth software median: 7.1x - Low Growth software median: 4.0x - 10Y: 4.2% Article in next post 👇

Excited to be a part of Anthropic's journey! 🚀 Anthropic is a clear standout in Enterprise AI. The incredible growth they've seen is a testament to the proliferating adoption across the enterprise, the tangible ROI customers are seeing, and strong resonance of its safety-

We are so proud to see many of our portfolio companies we’ve partnered with recognized in this year’s Forbes Cloud 100 list! 🚀 Congratulations to Anthropic, Attentive, Benchling, Checkout.com, ClickHouse, Databricks, dbt Labs, deel, Glean, Gusto, inside.personio,

This week on Clouded Judgement: Second Mover Advantage - Median software multiple: 4.8x - High Growth software median: 22.7x - Mid Growth software median: 6.9x - Low Growth software median: 3.9x - 10Y: 4.2% Article in next post 👇

3Q Fact Check on Self-Driving 1/ Partnerships: Avis vs. Uber 2/ Waymo Status Check 10/10 execution: expanding cities + getting the first airport approval (San Jose). Commercial rides/miles: 10M+ fully autonomous trips served (Aug 2025). 250k+ paid rides/week (~13M rides/year),

Altimeter Founder & CEO, Brad Gerstner, joined CNBC’s Scott Wapner recently to talk about all things tech & AI. The discussion covered: ⚡ Exploding demand for compute 🌍 How US policy & global competition will shape AI leadership 🚀 The role of hyperscalers & startups in