NextGen Newsletter - March 2023

NextGen is a 20+ year old community supporting each new generation of venture capital talent.

Hey y’all,

Hope everyone’s gotten through the SVB crisis mostly in one piece - we certainly did not have “bank run” on our bingo cards for 2023. This past week has been a harrowing chapter in the world of startups and venture capital, and we sincerely wish everyone has the chance to take a breather.

The year is also moving fast - the start of spring is just a few days away! Read on for the latest updates for March. Shout out to our board member David Bloom for organizing a great bunch in LA for NextGen members last month!

Thanks,

Shawn and the NextGen Board

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Investors You Should Watch 👀

• Rising Star Highlight: Emily Man is a Vice President at Redpoint, and is focused on early-growth fintech, vertical saas, and b2b software companies. Her investments include Ramp, FloQast, Orca Security, and Proper Finance.

• Gregg Wallace has been promoted to Partner at Building Ventures

• KJ Sidberry has left Forerunner Ventures and has joined as a Principal at GV in NYC.

• Matthew Mandel has joined as an Investor at USV.

• Michael Tolo, Phoebe Harrop and Tom Humphrey have been promoted to Partners at Blackbird Ventures.

• Rachel Slaybaugh has been promoted from Principal to Partner at DCVC.

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Events You Should Join 🎙

View of La Jolla in San Diego

• 6th Annual VC San Diego Roadtrip at Petco Park, 4 PM on May 16

  Join for an invite-only VC event hosted by Cool Companies in San Diego. 100+ VCs are expected to attend, where you’ll meet with 30 vetted companies from the local ecosystem (decks and information sent in advance). Past companies that have attended include Drata, Cloudbeds, and Airspace. Link above to register, password is SWEETDEALS. Cost is $95.

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Content You Should Check Out 📚

• Breaking orthodoxies in venture capital: Discussion on the work behind the work between Sar Haribhakti and Root Ventures’ Lee Edwards.

• Reactions to GPT-4: How one user recreated Pong in under 60 seconds with the new tool from OpenAI.

• What does the SVB collapse mean for venture debt: Techcrunch’s take on venture debt drying up (paywall).

• Y Combinator to End Late-Stage Startup Fund, Lays Off Staff: Commentary from The Information on the end of YC’s growth fund (paywall).

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Jobs You Should Share 🤓

• Principal, Afore Capital

• Associate, At One Ventures

• Associate, Bain Capital Ventures

• Associate, Commerce Ventures

• Associate, Conductive Ventures

• Analyst, Fin Capital

• Associate, Frist Cressey Ventures

• Analyst, On Deck Founders

• Associate, Valo Ventures