Venture Capital Andrew MurphyHappy Thanksgiving: Thoughts on Love and TrustHappy Thanksgiving to the Deepwater family. We shared this note with our investors. May your holidays be filled with love and trust. In keeping with tradition, I’d like to share a quick note of gratitude. Because of you, we have…Read more Investing in FastinoWe’re investing in Fastino via Deepwater Venture Fund II based on the company’s vision to deliver task-optimized language models with industry-leading accuracy for every language-related task. We believe Fastino will enable developers to do more with AI, through a family…Read more Gene Munster, Brian BakerRedwood Materials Is Advancing Despite EV HeadwindsThe Big Picture: The macro is challenging, and this too shall pass. Redwood has built a competitive moat, positioning itself to capitalize on two long-term, undeniable trends: electrification and onshoring. While the EV market has recently swung in favor of…Read more Venture Capital, Venture Portfolio Investing in OCNWe’re investing in OCN via Deepwater Venture Fund II based on the potential for dramatic growth as the company enables gig workers to flourish throughout the Americas. We believe OCN will become a large and diversified financial services platform, initially…Read more Venture Capital, Venture Portfolio Doug ClintonEverything I’ve Learned About Venture in 500 WordsBezos wrote, “Given a ten percent chance of a 100 times payoff, you should take that bet every time.” That’s venture in a nutshell, although you’re looking at more like a 1-2% chance of 100x rather than 10%. If there’s…Read more Venture Capital Investing in xAIDeepwater is an investor in xAI's Series B round. Despite the lofty $24B valuation for what is effectively a startup, we are confident in the investment for four reasons: 1. Foundation Models will power the world, 2. Model competence is a competitive advantage, 3. Unique training data and 4. Elon Musk. In the end, we believe xAI has the potential to be one of the twenty most important tech companies. Read more Venture Capital, Venture Portfolio Doug ClintonAI, Truth, and Timeless WorkWould You Die for Your Life’s Work? There’s a 500-year-old chapel outside of Edinburgh in Scotland that’s rumored to be the burial site of the Knights Templar and the Holy Grail. Dan Brown featured Rosslyn Chapel in his 80-million-copy book, The…Read more Venture Capital Load More Go Deeper The Newsletter Our work sent directly to your inbox. Subscribe to our newsletter for a regular summary of our work, along with links to stuff we’re reading. Subscribe
