What changed, and what it means.
Two weeks of AI and venture news, read from a solo GP’s desk: sourcing, diligence, the portfolio and fund operations.
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A valuation vendor bought an AI agent team and kept people on the mark. Copy that split.
73 Strings bought Callisto to put agents on data rooms and questionnaires, while people still set values. A prepare, check, decide split for a solo GP's week.
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A $15M Fund II with one GP. Count the work before you count the checks.
The Block reported that solo GP Jed Breed raised a $15 million second fund. What the terms tell a very small team about operating load, and what they leave out.
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Retail funds now sell pre-IPO AI exposure. Draw your fund's layer map before an LP asks.
Bloomberg reported on retail funds that claim access to private Anthropic and OpenAI shares, with fees and lockups. A worksheet for explaining your own structure.