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Snapchat subscriptions, launched in 2022 and is already at a ~$700M run rate, approaching 15% of Snap’s revenue, with 14M subs at $3.99/month. In the last 5 years, consumer apps have shifted from single to multi-monetization models (eg ads + subs, subs + IAP). Still, it’s

Founder secondaries at the Series A are becoming norm again. We’re back to 2021 fundraise heat

A quick shoutout to all the tax advisors who haven’t slept in 4 weeks and still fielding last min questions

Out of our first 20 investments out of #Anthology, our joint fund with Anthropic we’re excited to graduate the first to a full investment, leading the $50M Series A round of Goodfire 🚀 Congrats team and also to Anthropic joining the round in their first official

These days when I get a new blood test or physical my first instinct is to run the result through ChatGPT / Claude. I get peace of mind immediately. Feels like in the future there will be tests, specialty doctors, and the role of the general practitioner may forever change

Hearing again and again from founders that Cursor / code gen tools writes surprisingly good clean code if you’re starting from scratch but is tough to use with an existing code base. Will be interesting to see how that evolves

Words of wisdom from Jensen Huang 🐐 at our annual CEO/LP Summit: - On learning humility: Jensen’s first ever job was at Denny’s as a dishwasher where he first learned what it means to be of-service - On attracting the best devs: you have to give them good work - On when to

Orange is the new black 🐐

Clair Obscur: Expedition 33 made $50M the first 3 days of the most explosive game launch of the year. Made by new indie studio Sandfall Interactive who bootstrapped the game with grants and no VC funding before getting picked by publisher Kepler

I can’t believe how razor sharp Warren Buffet is at age 94

GTA 6 just got delayed again to mid-2026 but there’s no doubt this will be the biggest game launch in history. Their latest trailer got 30M views in the first 7 hrs. People want this game

AI founders worry their products will compete directly with foundational model launches. Anthropic VP Product Michael Gerstenhaber: “we don't have specific domain expertise in most domains. We also don't have access to specific data in most domains. So... startups should listen to their

Games make up just 11% of iOS apps, but 70% of total App Store revenues. Wonder how much longer Apple can command their 30/70 fee split when the top games are all exploring off-platform payments

Huge congrats to Chris R Britt Ryan King and the Chime team on your IPO today. You’ve built not just a generational tech company, but also one’s that’s done good in the world 🔥🔥 And congrats to my Menlo Ventures partner Shawn Carolan who led our early investment and continues to

Many neobanks try and fail to scale sustainably. How Chime won in the US digital banking market over 13 years, from Shawn Carolan: menlovc.com/perspective/fr…

Nothing says “written by ChatGPT” more than the em dash —