NextGen Newsletter - January 2024
NextGen is a 20+ year old community supporting each new generation of venture capital talent.
Hey y’all,
Happy New Year - hope you’re as excited about 2024 as we are! Read on for updates on people moves, insightful content, new job opportunities, and a fun get-together for junior investors organized by SVB.
On a personal note, this is my last NextGen newsletter! After being at the helm for more than 3 years (whoa), I’m officially stepping down from the NextGen Board and passing the baton to younger, smarter, and wittier investors.
Going forward, Tim Miller from Renegade Partners will be your thoughtful content curator every month. You’re in good hands, can’t wait to see what he and the new board will add to this long running institution.
This is a community that keeps on giving, and I am constantly inspired by the people in it who are masterfully in the service of founders and pushing innovation forward. I’m deeply grateful to call many of you real friends, not just deal friends. In the immortal words of Calvin and Hobbes, it’s a magical world…let’s go exploring.
Thanks,
Shawn and the NextGen Board
Investors You Should Watch 👀
Rising Star Highlight: Arpit Mittal is a Principal at Threshold Ventures, where he focuses on cloud software (both applications and infra).
Adam Boutin has left Capital One Ventures and has joined as Partner at Greycroft’s Coca-Cola Sustainability Fund
Karthik Ardhanareeswaran, Sherry Chao, and KJ Sidberry have been promoted to Partners at GV.
Kelley Mak has been promoted from Partner to General Partner, and Priyanka Somrah and Daniel Chesley have been promoted from Associates to Principals at Work-Bench.
Rak Garg and Abby Meyers have been promoted to Partner and Principal at Bain Capital Ventures, respectively.
Events You Should Join 🎙
SVB’s NextGen Investor 2024 Kickoff, 5-8 PM, January 25 @ SVB Experience Center, 532 Market Street, San Francisco, CA
Silicon Valley Bank is hosting a NextGen Investor 2024 Kickoff in San Francisco on January 25th. The team will launch their NextGen survey to understand what's top of mind for a junior investor headed into the New Year and how SVB can continue to support your personal and professional development. Register here: NextGen Investor 2024 Kickoff.
Content You Should Check Out 📚
How BigTech invested in AI Companies in 2023: Solid data and important given 2/3 of GenAI investments were made by big tech companies.
Should Carta facilitate secondary trading: Straight from CEO Henry Ward on exiting the private market liquidity business.
The Series A bust: Lightspeed’s Nnamdi Iregbulem’s analysis on the Series A winter and what it means for founders.
What startup founders can learn from Die Hard: On the importance of storytelling in entrepreneurship. Yippee ki‐yay, startup friends!
Jobs You Should Share 🤓
Associate / Vice President, Sapphire Ventures
Associate, Softbank (please email kevin.jiang1@softbank.com)