Letter of Intent

It’s a daily email that gives you everything you need to know about Aussie deals with a couple of puns along the way.

[Letter of Intent @letterofintent_]

A lot of people pointing fingers at the SVB bank run and subsequent collapse but who’s to blame?

[Letter of Intent @letterofintent_]

𝘋𝘦𝘣𝘵 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘔𝘢𝘳𝘬𝘦𝘵𝘴 𝘳𝘦𝘷𝘦𝘯𝘶𝘦𝘴...
-56% at Citi
-48% at Jefferies
-48% at Goldman Sachs
-43% at J.P. Morgan
-39% at Morgan Stanley

[Letter of Intent @letterofintent_]

Investment banks reported their FY22 financials. Here's a summary of how IB revenues have massively slowed vs FY21...

𝗧𝗢𝗧𝗔𝗟 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧 𝗕𝗔𝗡𝗞𝗜𝗡𝗚 𝗥𝗘𝗩𝗘𝗡𝗨𝗘𝗦
-53% at Citi
-49% at Morgan Stanley
-48% at Goldman Sachs
-48% at J.P. Morgan
-32% at Jefferies

[Letter of Intent @letterofintent_]

𝘌𝘲𝘶𝘪𝘵𝘺 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘔𝘢𝘳𝘬𝘦𝘵𝘴 𝘳𝘦𝘷𝘦𝘯𝘶𝘦𝘴...
-83% at Goldman Sachs
-81% at Morgan Stanley
-74% at J.P. Morgan
-73% at Citi
-65% at Jefferies

[Letter of Intent @letterofintent_]

We just launched https://t.co/ZBPgbUv2mI on Product Hunt. If you're digging the resource, then appreciate any support 👉 https://t.co/bIyQQybDHj

FYI... the weekly summary email returns Monday now that VCs are back writing memos (and cheques) post the holidays!

[Letter of Intent @letterofintent_]

Leaving the office this afternoon for the last time in 2022... ✌

[VCInsights.co @VCInsights_]

https://t.co/MHq9WKhVWq has 1.5k+ investment memos for VC startup investments totalling over $𝟲𝟬𝗯𝗻!

Read the thesis behind investments made by @a16z, @Accel, @felicis, @sequoia, @generalcatalyst, @craft_ventures, @airtreevc, @blackbirdvc, @greycroftvc and many more

[VCInsights.co @VCInsights_]

We just added @craft_ventures to https://t.co/MHq9WKitLY.

Read all the investment memos authored by @MichaelDTam, @jefffluhr, @DavidSacks, @ArraMalek, @mikemarg_, @murr, @lainypainter, and @BRosenblatt4.

Our directory now has over 1.5k investment memos in one spot!

[VCInsights.co @VCInsights_]

Here are the insights from every VC investment memo published in the last week...

[VCInsights.co @VCInsights_]

🚗 Partly, an auto parts data startup, raised a US$21M Series A. Here's the highlights from the @SquarePegCap and @TEN13vc investment memos...

𝗦𝗾𝘂𝗮𝗿𝗲 𝗣𝗲𝗴
@jamestynan & @lucy_tanAU
Memo: https://t.co/Ra93agTnGN

𝗧𝗘𝗡𝟭𝟯
@StewGlynn
Memo: https://t.co/M9KNuFfQIz

[VCInsights.co @VCInsights_]

The top 10 VC's by # of investment memos they published in 2022...
• 51 @a16z
• 38 @IndexVentures
• 35 @lightspeedvp
• 27 @seedcamp
• 24 @GreylockVC
• 23 @sequoia
• 22 @Accel
• 22 @insightpartners
• 21 @generalcatalyst
• 21 @usv

[Letter of Intent @letterofintent_]

We launched https://t.co/ZBPgbUuuxa... a site with 𝟭,𝟱𝟬𝟬+ 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗺𝗲𝗺𝗼𝘀 so you can read the investment thesis of top VCs including...
@AfterWorkVC
@airtreevc
@blackbirdvc
@EVP_VC
@Folklorevc
@investible
@movac_vc
@OIFVC
@SquarePegCap
@TEN13vc

[Letter of Intent @letterofintent_]

@cutthroughvc Whoaaaa who made this?

[Cut Through @cutthroughvc]

We're excited to share that https://t.co/y2BEugb0Ua, a new site that aggregates global VC investment memos, has just launched by our very good mates at @letterofintent_ . Go check it out, now!

[Letter of Intent @letterofintent_]

When the MD starts promising to send the client a finished draft of the board deck after the call
https://t.co/xxRtxIPREY

[Letter of Intent @letterofintent_]

When the associate has to handhold the analyst through every aspect of the deal

[Letter of Intent @letterofintent_]

If your director was a Spotify playlist… 🙃

[Letter of Intent @letterofintent_]

You read newsletters for breakfast?!

[ihatedefi.eth | DDS #2246 @N1ckB1shop]

New mug who dis ⁦@letterofintent_⁩ bringing the merch goodness to my workspace ✊🏽✊🏽🙏🏽🔥

[Letter of Intent @letterofintent_]

Here's the full doc: https://t.co/TxbfYiltux

[Letter of Intent @letterofintent_]

Twitter filing to sue Elon Musk is savage. Here's a few gems...

💎 "Musk apparently believes that he —unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away."

[Letter of Intent @letterofintent_]

💎 "For Musk, it would seem, Twitter, the interests of its stockholders, the transaction Musk agreed to, and the court process to enforce it all constitute an elaborate joke."