Dave McClure
@davemcclure
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founder: https://t.co/A4xpEYhG0F https://t.co/MzzgOOPPi6 https://t.co/WwbH5XZfSY | @TradingVCs a very bad VC secondary podcast | alum: JHU PayPal FoundersFund | fanboi: DrSeuss Muppets SesameSt
Silicon Valley, CA
Joined July 2006
our latest very bad #TradingPlaces pod covers: - #AdrienGautier explains https://t.co/PFdqLZ53ID
#secondary strategy for investing/financing startup stock options - @Oracle crash on AI data ctr "junk bond" debt risk - 2026 IPO market looking like a BANGER, potential huge $1.5-2T
Episode 16 of @TradingVCs featuring Adrien Gautier of Bridgespan VC is out now! This week: @Oracle's debt crisis sends shockwaves through AI infrastructure stocks, the IPO market heats up for 2026 with @SpaceX, @OpenAI & @AnthropicAI eyeing historic exits, and Adrien Gautier
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Sources: AI chipmaker Cerebras plans to file for a US IPO as soon as next week, targeting a Q2 2026 listing, after withdrawing its prior IPO filing in October (@deer_echo_ / Reuters) https://t.co/qYtTgs0uni
https://t.co/gImHK3p9iu 📥 Send tips!
techmeme.com
Echo Wang / Reuters: Sources: AI chipmaker Cerebras plans to file for a US IPO as soon as next week, targeting a Q2 2026 listing, after withdrawing its prior IPO filing in October
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My biggest takeaways from @ElenaVerna (Head of Growth at @Lovable): 1. In AI, you now need to find product-market fit every three months. Product-market fit used to mean: build something people want, then scale it for years. In AI, the underlying technology changes so fast—and
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Sources: China is retrofitting older models of ASML's DUV machines to produce advanced smartphone and AI chips, exposing cracks in US-led export controls (@eleanorolcott / Financial Times) https://t.co/IFitOEjrxQ
https://t.co/znrrHUcMci 📥 Send tips!
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Eleanor Olcott / Financial Times: Sources: China is retrofitting older models of ASML's DUV machines to produce advanced smartphone and AI chips, exposing cracks in US-led export controls
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Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing (Financial Times) https://t.co/WSZ71XvQPk
https://t.co/DCz8bfCLeW 📥 Send tips!
techmeme.com
Financial Times: Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing
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Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025 (Bloomberg) https://t.co/JJ5WpaPsmZ
https://t.co/NiNDFiLyXK 📥 Send tips!
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Bloomberg: Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025
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The TikTok deal is the worst of all possible outcomes, shifting ownership of TikTok to Trump's allies, while maintaining the supposed problematic links to China (@karlbode / Techdirt) https://t.co/fzMsVIU8v9
https://t.co/U8nnFdTLMJ 📥 Send tips!
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Karl Bode / Techdirt: The TikTok deal is the worst of all possible outcomes, shifting ownership of TikTok to Trump's allies, while maintaining the supposed problematic links to China
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best piece on #VC i've read in past few months. (not a new story, but excellent summary and framing)
Paying $3 for a Dollar: The Rational Irrationality of Venture Capital https://t.co/2JB8Ptb5E7
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Paying $3 for a Dollar: The Rational Irrationality of Venture Capital https://t.co/2JB8Ptb5E7
docs.google.com
__________________ Paying $3 for a Dollar: The Rational Irrationality of Venture Capital The modern Venture Capital ecosystem presents a paradox: it is an industry populated by highly intelligent,...
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🚨🚨🚨Scoop: TikTok signs deal for sale of U.S. unit - Deal close set for Jan 22 - Oracle, Silver Lake, MGX will collectively own 45% of the US entity. ~ 30% held by affiliates of existing ByteDance investors ~ 20% will be retained by ByteDance @axios
https://t.co/7QfwRr3E5Q
axios.com
The deal would end a years-long saga to force TikTok's Chinese parent ByteDance to sell the company's U.S. operation.
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Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20% (@sarafischer / Axios) https://t.co/yzTmgWC5bf
https://t.co/pcni8cVAKE
mediagazer.com
Sara Fischer / Axios: Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20%
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Sources describe tensions between OpenAI's research and ChatGPT product groups, leading to the "code red"; OpenAI is set to beat its 2025 revenue goal of $13B (The Information) https://t.co/eh2iQXXpDj
https://t.co/Wu13YzRewR 📥 Send tips!
techmeme.com
The Information: Sources describe tensions between OpenAI's research and ChatGPT product groups, leading to the “code red”; OpenAI is set to beat its 2025 revenue goal of $13B
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our latest very bad #TradingPlaces pod covers: - #AdrienGautier explains https://t.co/PFdqLZ53ID
#secondary strategy for investing/financing startup stock options - @Oracle crash on AI data ctr "junk bond" debt risk - 2026 IPO market looking like a BANGER, potential huge $1.5-2T
Episode 16 of @TradingVCs featuring Adrien Gautier of Bridgespan VC is out now! This week: @Oracle's debt crisis sends shockwaves through AI infrastructure stocks, the IPO market heats up for 2026 with @SpaceX, @OpenAI & @AnthropicAI eyeing historic exits, and Adrien Gautier
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Speaking @balajis Network State Conference was epic. But the highlight of that week? Interviewing @davemcclure. I've been following his investing work across @500GlobalVC, @PracticalVC for 15 years - and on this podcast we discuss both that, and his thoughts on building new
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Stockholm-based vibe coding startup Lovable raised $330M led by CapitalG and Menlo Ventures at a $6.6B valuation, up from $1.8B after raising $200M in July (@nikogallogly / New York Times) https://t.co/5czL4sFp2i
https://t.co/C8jn5WkOc3 📥 Send tips!
techmeme.com
Niko Gallogly / New York Times: Stockholm-based vibe coding startup Lovable raised $330M led by CapitalG and Menlo Ventures at a $6.6B valuation, up from $1.8B after raising $200M in July
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🚀 Huge IPOs may be coming in 2026: Aman breaks down why there’s reason to be optimistic for public markets: "You now have some very high profile players talking about going public...SpaceX and OpenAI and Anthropic... All of them are signaling that they're either hiring
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President Trump says it perfectly. A patchwork of 50 different state systems creates a maze of conflicting regulations, resulting in chaos. Follow me to join the conversation on leading the AI revolution.
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BREAKING: Credit default swap spreads on Oracle's, $ORCL, debt have surged above 150 bps. Investors are selling the stock over concerns around the company's ability to deliver on recently announced data center buildouts.
BREAKING: Oracle stock, $ORCL, falls another -5% today and is now -50% from its record high seen on September 10th. The cost of protection against default on Oracle's debt is at its highest since 2009.
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The US government hasn't taken a direct stake in a healthy commercial firm since at least the 1950s. This year, it's taken FOURTEEN, and more are on the way. My new Capitolism @thedispatch laments 2025's worst policy development: "The Year America Went (Kinda) Socialist"
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prediction markets = #secondary markets
A lawyer specializing in securities law likened profiting off confidential information on a prediction market to fraud akin to embezzlement. Read:
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A lawyer specializing in securities law likened profiting off confidential information on a prediction market to fraud akin to embezzlement. Read:
theinformation.com
Over the past week, a handful of accounts on Polymarket, the predictions site, bet OpenAI would release a new large language model by December 13. On Thursday December 11, OpenAI released GPT-5.2,...
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