Nvidia CEO Signs Bra and Gamestop is Back

Nvidia has an 80% market share in AI chips for data centers. When is someone going to ring the bell?

I read somewhere today that 36% of Nvidia employees are worth over $20m. That would be cool, but some guy with a bandana named “DeepF***ingvalue” on reddit just made that much money in 2 hours after tweeting a link to a live stream.

RSVP to our Raising a Successful Pre-Seed Round in 2024 event next week and check out our podcast with Michael Berolzheimer.

This isn’t a meme, this actually happened.

Nvidia passes Apple in market cap as second-most valuable public U.S. company

“Nvidia shares have risen more than 24% since the company reported first-quarter earnings in May and have been on a tear since last year. The company has an estimated 80% market share in AI chips for data centers, which are attracting billions of dollars in spending from big cloud vendors.”

Robinhood buying crytocurrency exchange Bitstamp for about $200 million

“Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million in cash as the company looks to speed up its cryptocurrency expansion globally.”

E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform

“This week, Gill posted screenshots of an E*Trade account showing he owns GameStop shares now valued at $140 million and a new set of options that expire later this month. His total gains on the positions were at $85.5 million, he posted late Monday, showing his account remained in operation.”

Hot Links

Next Tuesday the 11th: Mastering Series B Fundraising in 2024 (Without AI in Your Brand Name)

​Join us live on Tuesday, June 11th at 3 PM EST to learn more about successful fundraising tips from industry experts.

​​We'll be joined by accomplished guests:

Michelle Valentine, Co-founder & CEO @ Anrok
Howard Ting, CEO @ Cyberhaven

​This event is brought to you by Sacra and Sandhill Markets.

CHECK THIS OUT → Sandhill Podcast Discusses Pre-Seed Investing in Deep Tech

In this latest episode, we were joined by Michael Berolzheimer, a veteran in deep tech venture creation with over a decade of experience. Michael has partnered with founders on 75+ pre-seed investments, totaling over $150M, and has supported numerous successful startups like TubeMogul and BuildingConnected.

Check out the podcast below:

As an overview, we discussed:

  1. Michael Intro (1:32)

  2. The Beginnings of Bee Partners (4:43)

  3. Thoughts on Fund Construction and Fund Sizes (7:27)

  4. Approach to Building Teams (12:56)

  5. What Are the Controllable Factors When Thinking About Fund Strategy (16:00)

  6. In Depth on Deep Tech (20:33)

  7. Michael’s Long Term Outlook on Sourcing (24:42)

  8. Which Came First, Michael’s Focus on Pre-Seed Investing or Deep Tech Investing? (26:55)

  9. What Has Changed in VC in the Past 15 Years? (32:02)

  10. The Future of Bee Partners (35:42)

  11. Michael’s Take on the Future of VC (39:42)

Letters From The Editor

Misc. (short for miscellaneous)

Nothing this week…

Will use this space to plug our podcast above in case you missed it!

Talk soon,

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