Probably underappreciated: every public market dollar raised by Alphabet, OpenAI, Anthropic, SpaceX…is a dollar that does not go to a competitor.
It may seem like it now, but capital is not infinite.
On Monday we announced an equity offering for Alphabet - part of our multi-year investment strategy to meet the AI opportunity ahead and support the demand we’re seeing from enterprises and consumers. Pleased to share the offering was well over-subscribed. We raised a total of ~$45B, with an additional $40B to come as part of an “at the market” program starting in Q3 (for a total of ~ $85B). A huge thank you to our investors, including Berkshire Hathaway who invested $10B.
Excited to share that we've closed two new funds at @VersionOneVC: Fund V ($78M) and Opportunities Fund III ($30M).
Our focus remains the same — backing exceptional founders early, often before a category is obvious or crowded.
We're investing globally at pre-seed/seed across AI, robotics, deep tech, biology, decentralized systems, and emerging ecosystems like India and Africa.
The founders we're most drawn to aren't chasing trends — they're mission-driven people with unusual insight solving problems they understand intimately.
Many of the most important companies of the next decade will initially look misunderstood or too early. That's where we want to be.
Thank you to our LPs and community for their continued support. And above all, to the founders who give us the opportunity to be part of their journeys.
We continue to invest globally at pre-seed and seed, leading or co-leading rounds and partnering closely through the earliest and messiest stages of company building.
Exceptional early founders: two of the most exceptional investors, @angelatytran and @bwertz, are back with Fund V. Excited for all the partnerships that will be built with this.
Congrats @VersionOneVC !!!
Excited to share that we've closed two new funds at @VersionOneVC: Fund V ($78M) and Opportunities Fund III ($30M).
Our focus remains the same — backing exceptional founders early, often before a category is obvious or crowded.
We're investing globally at pre-seed/seed across AI, robotics, deep tech, biology, decentralized systems, and emerging ecosystems like India and Africa.
The founders we're most drawn to aren't chasing trends — they're mission-driven people with unusual insight solving problems they understand intimately.
Many of the most important companies of the next decade will initially look misunderstood or too early. That's where we want to be.
Thank you to our LPs and community for their continued support. And above all, to the founders who give us the opportunity to be part of their journeys.
@skanwar Good q. Need to be intentional about attracting and building the founder pipeline. Easier and more agreeable for most to recruit from MAG7 or other hyperscaler. Probably some less visible. Like Sarah said, lots more happening now.
more than ever, our scaling companies are hiring founders. they are ambitious to drive pace and grow fitter organizations, which requires distributed decision making (...more agency and ownership, better judgement)
@gregisenberg These are 2026 CEOs catching up to the best 2023 CEOs.
The best 2026 CEOs are doing quiet cutting. “Get on board with using AI to 10x yourself or find the door.”
Thrilled to welcome @jmwind to the Spellbook team. JML is one of the top technical executives in the world, having worked with Shopify as CTO and Atlassian as VP Engineering, bringing them both to IPO back-to-back.
Over the past year, I’ve been lucky to have him as a mentor and advisor. He is one of the most impressively “30,000 foot view” + “in the weeds” people I’ve ever met. In the same hour he can code a prototype and deliver deep insight about how to scale our culture & process.
This makes him uniquely suited for the role he is pioneering: Executive IC. AI enables people like JML to scale themselves 100x without getting bogged down in layers of management. We aim to write the playbooks for tomorrow, rather than to execute the playbooks of yesterday. We think that org charts will change radically in the next decade, and we want to get far ahead of it.
JML will pioneer the systems that scale our AI-native org, will deliver product and technical insight from decades of experience and help grow myself and our executive team.
I recommend following him if you are curious how AI-native orgs will operate–he is writing a playbook for the decade to come: @jmwind
https://t.co/39bEVPqctO
Welcome (back) to Toronto for @TOtechweek! We're now at 600+ events happening for you across the greatest city in the world.
Do not underestimate us. Do not underestimate yourself.
Let's go.