Recently, Thomas Laffont of Coatue highlighted a non-obvious impact of the M&A slowdown after this preamble : “Ironically and I think somewhat perversely one of the byproducts of constraining big companies from buying small companies is it hurts small companies. This point is

En fait ils ont (toutes ces femmes et tous ces hommes politiques) aucune figure… de pures egomaniaques amoureux du pouvoir et de leur image ! Je suis sûr que si Macron appelait Hollande il serait capable d’y aller… C’est pas magique ça ???

It’s really amazing what Milei has been able to achieve Inflation sharply down Argentina to be global growth leader in 2025 Budget deficit became budget surplus It’s more than Argentina now, it not only shows other countries that free market works, it shows that it works fast

Les entrepreneurs sont en train de disrupter les politiques. C'est le début d'une vague que rien ne pourra arrêter. Nous avons fait l'erreur de confier autant de responsabilités à des gens n'ayant rien accompli de leur vie et dont la seule compétence est de se faire élire. La

Ev Ev is one of the all-time greats. 😍 nytimes.com/2024/12/12/tec…

IPO window (still) closed 👇👇👇

As I was preparing our end of year update for New Wave, I realised that I hadn't shared our performance for a while. While compiling the data, I realised two things : 1) The years that didn't feel good weren't good ! 2) The polarisation and transformation of performance

Marc Andreessen says that transitioning from a nonprofit to a for-profit like OpenAI is seeking to do is usually constrained by federal tax law and other legal regimes and historically when you appropriate a non-profit for personal wealth, you go to jail. Transitions of this

Mais c'est vrai, çà. Pourquoi diable la France Insoumise serait elle qualifiée "d'extrémiste" ? Quelques éléments de réponse.... issus des prises de position des Insoumis. 🧵⤵️

Hard to find a better way to spend 75 minutes.

Really proud to announce our $13M Series A funding. This is a big milestone but we are just starting. Thanks a lot Harry Stebbings, Paul Bonnet and the 20VC Fund team for the trust!

Big news, ScorePlay raised a $13M Series A with 776 and 20VC 🚀🚀 Proud to be an angel investor supporting their journey as they transform the sports industry! Congrats Vic Tixier #xaviergreen #ScorePlaySeriesA

La BPI en Chine ça rigole pas… 🤣🤣🤗

Allez les Bleus !!!! Vous le devez à Toto Dupont qui rejouera probablement plus au rugby en 2025 🇫🇷🇫🇷🇫🇷🇫🇷🇫🇷

We’re on our way

In 3-5 years, seed funds will generate the majority of liquidity through downstream sponsors or other GP led secondaries. The IPO bar is too high, and not interesting for most companies when private markets are so large. The 10 year model doesn't work and is far too antiquated -

After I wrote my post on Unhibernating, my long-time, empathetic friend Christopher Schroeder , whom I originally met through Ben Casnocha (that story is discussed in Give First: The Power of Mentorship), sent me a short note asking, “Have you been ok?” I responded with a long email