Archive - The State of Venture

The State of Venture — July 2026

Eleven rounds of $1B or more took 54.5% of July’s capital. Remove them and the market underneath has not grown since February.

Aug 6 • Keith Teare

July 2026

The rise of open knowledge in private markets

Sharing public research on SignalRank portfolio companies

Jul 22 • Rob Hodgkinson

State of Series B ecosystem

Jul 7 • Rob Hodgkinson

The State of Venture - June 2026

More Capital, Fewer Rounds

Jul 5 • Keith Teare

June 2026

Benchmarking fees across comparable funds

Jun 18 • Rob Hodgkinson

New Public VC: Powerlaw

Powerlaw's Top 10 portfolio positions compared to comps

Jun 8 • Rob Hodgkinson

An AI boom is underway – how can retail investors benefit?

Considering the Series Bs at Anthropic, SpaceX and OpenAI

Jun 5 • Rob Hodgkinson

The State of Venture - May 2026

This report was written by our AI Agents using OpenAi Codex as orchestrator.

Jun 2 • Keith Teare

May 2026

Top Series B sectors

This post explores the sectors into which top ranked Series B investors are deploying capital in 2026.

May 21 • Rob Hodgkinson

How concentrated are Public VC portfolios in SpaceX, OpenAI and Anthropic?

And what happens after these companies list?

May 11 • Rob Hodgkinson

The State of Venture — April 2026

This report was written by our suite of AI Agents using Codex as orchestrator and Claude Code as Agent

May 5 • Keith Teare

New Public VC: USVC

Another week, another public venture capital vehicle launch.

May 2 • Rob Hodgkinson

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