35 VC Jobs & We're moving to Monday!

Welcome back Chronicler!

The third edition of Venture Bite is here: Your VC 101 & 201! Bite sized courses with a mini quiz every week!

Monday’s are the new Wednesday’s am I right? We’re exploring sending out these newsletters Mondays from here on out, as to get you ready for the week ahead!

Meanwhile, Funding is cooling, but the deals getting done this week say a lot about where smart money is going. Security, AI infrastructure, and privacy are having a moment and we have the rounds, the news, and the tools to keep you ahead of it.

As always, thank you for subscribing and engaging week-in week out with this newsletter, it is still a work in progress but I appreciate all 1,822 of you ♥️

With Love,
Kev

THIS WEEK IN VC & TECH

US Startup Funding Hits The Brakes in March After record-breaking months, US startup funding drops sharply.

OpenAI's Nonprofit Arm Is Back With $1 Billion The OpenAI Foundation is hiring leaders and pledging $1B in grants for AI safety and life sciences this year.

Alibaba Just Built Its Most Powerful AI Chip Yet The XuanTie C950 is 3x faster than its predecessor and it's gunning for agentic AI dominance.

The World's Largest Fund Is Letting AI Make Some Calls Norway's $2.1T sovereign wealth fund is moving toward AI-assisted investment decisions, with humans still in the loop.

Apple Maps Is Getting Ads Starting This Summer Apple is opening Maps to advertisers for the first time, part of a bigger push into business services.

Fortnite Is Fading And Epic Is Cutting 1,000 Jobs CEO Tim Sweeney says falling engagement since 2025 is forcing drastic cuts to keep the company afloat.

Insight Partners Quietly Deletes Post About Delve The VC firm scrubbed its investment thesis on Delve after the YC-backed startup was accused of faking compliance certifications.

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FUNDRAISING CORNER
The largest deals that you should know about

This week's biggest deals show investors doubling down on security and AI even as overall funding cools. Privacy platforms, autonomous cybersecurity, and AI infrastructure dominated, with Cloaked's $375M Series B leading the pack.

Cloaked | $375M, Series B: Consumer privacy and security platform backed by General Catalyst and Liberty City Ventures to expand its subscription offering for individuals and families. Read More..

Frore Systems | $143M, Series D: AI cooling infrastructure company backed by MVP Ventures at a $1.64B valuation to scale its hardware for AI computing and networking. Full Article..

XBow | $120M, Series C: Autonomous security testing platform backed by DFJ Growth and Northzone, now valued at over $1B just two years after founding. More..

Oasis Security | $120M: Identity security startup focused on AI agents, backed by Sequoia, Accel, Craft Ventures and Cyberstarts, bringing its total raised to $195M. Link..

Imperative Care | $100M, Convertible Note: Medical device company treating stroke and vascular disease, backed by Elevage Medical Technologies and Perceptive Advisors. More on this..

Cape | $100M, Series C: Privacy-focused mobile network backed by Bain Capital Ventures and IVP at a $900M valuation. Dive deeper..

Latent | $80M, Series A: Healthcare AI platform helping move patients from clinical decision to therapy, backed by Spark Capital and Transformation Capital. Learn more...

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FROM X
Our favorite post from this week

VENTURE BITE
One concept, one minute, one sharper VC

Welcome to Venture Bite! The short crash course on venture capital, split into two modules: Fundamentals (F101) and Advanced (A201). Each week we break down one concept in a few minutes.

Assuming you already speak the language of startups, we’ll move fast, skip the obvious, and focus on how great investors actually think.

Let’s dive in.

F1.03 - Option pool: the “silent price cut”

Concept: Option pool top‑ups often act like a valuation change because they usually dilute existing holders, not new money.

Learning objective: Identify when an option pool request changes effective price per share.

Worked example: A Series A requires a 10% post‑closing option pool. If the pool is “carved out” pre‑money (common), founders/early investors take that dilution via a larger pre‑money fully‑diluted share count, reducing effective price per share.

→ Your practical check: ask “is the pool in the pre‑money?”, if yes, it’s a pricing term.

Primary Deep Dive → Cooley explanation that investors typically treat the pool as post‑closing % but price it as part of pre‑closing capitalisations, diluting existing holders.

Quiz (Difficulty: Medium - Low)

EVENT OF THE WEEK BY VESSEL

Vessel is hosting a live conversation with John Kim (General Catalyst), who’s raised over $70B in capital.

He’ll share what actually gets LPs to say yes, from narrative to credibility to relationship-building.

If you’re raising (or planning to), this will be a valuable session.

March 26 · 12 PM ET
Sign up to learn more.

OPEN VENTURE CAPITAL JOBS
The latest jobs curated just for you

Here's what you've been waiting for: exciting job opportunities! To maximize your chances, remember these key tips:

That’s it for today, hope you enjoyed this as much as I did curating it, see you next week!
-Kev