📝 VC Memos (Week of Sep 11 - Sep 17)

"As we’ve written previously, the generative AI revolution in games will cause the price of content to drop dramatically, going effectively to zero in some cases. This revolution will democratize the industry, enabling smaller teams to release category leading game experiences more rapidly, all without compromising on quality/fidelity, immersion, or feature sets."

"Fixed income, as an asset class, is in the midst of a dramatic market structure transformation. In 2013, just 8% of corporate debt was traded electronically. By the end of 2022, this number was 45%. In short, fixed income is shifting online, but much of the infrastructure needed to make the market more accessible, transparent, and efficient for all investors has yet to be built."

"With a steady focus on end-user love, they’ve cultivated a groundswell of adoption which enables Linear to expand rapidly and profitably across a growing number of influential customers, with a total of $35,000 in marketing spend since the inception of the company."

"France, UK and Germany together spend more than €160Bn annually on defense, and alongside other NATO members, have committed to spending 2% of GDP on defense. But increased funding is not enough: speed to market matters. Aging defense systems and real-time lessons from Ukraine that are re-defining modern warfare have brought incredible urgency to modernize existing defense assets – both to maintain parity and deter against aggressor states."

"The platform removes friction points from transport for customers (encouraging travel), enables more cost-effective products for operators (increasing margins), and reduces boarding times(increasing capacity at peak hours). It is estimated that tikpay can increase travel revenue for operators by up to 20%, whilst saving up to 40% in costs."

"It’s estimated that 80% of US enterprises are either not masking or use custom scripts and manual data preparation techniques to protect their sensitive data. As organisations increasingly deploy hybrid and multi-cloud environments, legacy solutions fail to maintain referential integrity and data consistency across environments increasing the risk of customer data being used for development, testing or training purposes."

"Flagship’s mission is to become an integral component of retail operations, driving data-driven insights and facilitating transformations across diverse business units. They aim to supercharge mid-sized retail groups that are currently burdened by manual processes—significantly impacting their efficiency and effectiveness."

"Anime as a media category has exploded in reach and cultural influence around the world. 69% of Gen Z watch anime and half of Netflix’s 222M subscribers watched anime in 2021, with total anime watch time growing 20% annually...That’s why we’re thrilled to announce that Andreessen Horowitz is leading the Series A in Pahdo Labs…"

"…twig is on a mission to radically improve the speed and efficacy of lab-based bioengineering, creating affordable, scalable, and dependable ingredients that producers can use in the everyday items the world relies on. twig’s new approach fundamentally reduces the time and costs of conventional bioengineering processes for developing potential ingredient strains."

"When your doctor orders a scan, prescribes a new medication, or tells you you need a surgery, you usually want to move as quickly as possible… [but] One-quarter, or $950 billion, of U.S. health care spending goes to administrative expenses, with as much as $570 billion lost to inefficiencies that don’t improve patient outcomes."