The Cerebral Valley Podcast The Ongoing Startup Downturn & More PR People Than Reporters to Answer Their Emails
Oct 8, 2024
Dive into the world of venture capital with discussions on Poolside’s impressive $500M funding and Impulse Space’s $150M raise. Explore how the ongoing downturn in VC funding challenges even AI startups. Discover the growing chasm between PR professionals and journalists, shedding light on how tech companies struggle to secure media attention despite hefty PR budgets. The conversation highlights the shifting strategies of major funds and the innovative potential in both the space industry and biotech.
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Poolside's Big Round
- Poolside raised a $500M Series B, led by ex-GitHub CTO Jason Warner.
- This AI-powered developer platform exemplifies the hot AI coding space.
Impulse Space Funding
- Impulse Space, founded by a SpaceX veteran, raised $150M for orbital delivery services.
- This highlights the growing "space" trend, backed by Founders Fund.
Ongoing Downturn
- Despite large AI rounds, VC funding is down 10% from last quarter and 22% year-over-year.
- Even with AI hype, a downturn persists for nine to ten quarters, impacting even established firms like CRV.