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Some sense of rationality prevails (for now)

Turns out that DPI matters: "Together, Thoma Bravo said its flagship and Discover funds have returned a total of more than $30 billion to investors since the beginning of 2023." wsj.com/finance/invest… via The Wall Street Journal

Correction: We’ve deleted the post below because it and early versions of the article didn’t meet Post fairness standards. The background: Early versions of the article on Sunday stated that Israeli troops had killed more than 30 people near a U.S. aid site in Gaza, with the

FDA "AI Reviewer" comes to life - enormous implications for getting drugs to market more quickly and less expensively. Real leadership by Dr. Marty Makary

Exhibit 1 in the "nobody can actually forecast anything so you should just ignore sell-side market strategists" argument

"NAV squeezing" is the latest reminder for private fund investors that "marks" are just marks - focus on cash (aka DPI), not on unrealized marks! wsj.com/finance/invest…

This will be fascinating to watch if we get past the motion to dismiss - on.ft.com/4jBcQAt via Financial Times

Not sure I've ever learned more in 100 minutes than I did talking to Marc Andreessen 🇺🇸 on Uncapped. We covered the future of venture capital, what he sees coming with AI, the current state of politics and the media, and then a bunch of random questions I just really wanted to ask him.

Shocking - "None of the 73 economists in Bloomberg’s survey predicted a core reading as low as 0.1%." bloomberg.com/news/live-blog…

Oh geez - the last time Gurley thought something was "interesting" in the IPO market, he endorsed SPACs. That turned out well :)

It’s my understanding that three of the four members of the All In podcast were allowed to invest in Anduril’s latest round but no room was found for one Jason Calacanis

I'm guessing not too many Iranians have accepted this offer: "Police chief Ahmad Reza Radan urged spies for Israel to turn themselves in to receive 'Islamic clemency.'" - on.ft.com/3I4RRZJ via Financial Times

Power Laws everywhere

Congrats to Sanofi and Formation Bio on the start of a great partnership

Oops reuters.com/sustainability…