The Pulse: Did Anthropic’s new model just boost rival Codex’s market share?
Anthropic’s new model, Fable, has restrictions many users find unacceptable. Also: a new trend of smart model routing, Coinbase’s core service has no automatic cross-zone failover, and more.

You Signed a SAFE. Now what?
Most founders have no idea what their SAFEs turn into at the next priced round. This tool shows you the math before you sit across from a lawyer.


The Venture Capital Liquidity Crisis That Nobody Is Talking About
Distributions are dry, the IPO market is broken, and the secondary market is now bigger than public offerings. The doom loops might already be here.

State of the software engineering job market in 2026, part 2
Deepdive into the tech jobs market with exclusive data revealing AI labs are more attractive than Big Tech, native mobile & frontend roles are declining, management’s “great flattening”, and more

Essential books for product builders—part 2
24 more timeless books that’ll make you a better builder, leader, and person

How I Cut Our AI Spend in Half | "Tokenmaxxing" is Dead
6 ways to cut your AI spend without cutting AI usage. Every CFO needs to understand these.

VC Twitter Airs its Dirty Laundry: Our Summary of the Beefs, Bits & Quotes
From Vinod Khosla to Sequoia Capital, founders posted through their grievances

590+ US Women Angels
Names, organizations, investment stages, and contact context for active women angel investors across the US

Apple's WWDC Reality: Scaled Down AI Ambitions As The iPhone Remains Dominant
Don't overreact to the AI headlines, Apple is still an iPhone company. Plus: A look at SpaceX's coming valuation.

Expanding the Radius of Daily Life
How to Make Flying Cars an Everyday Reality

Startups Are Skipping the Old Playbook🎯, How VC Became a Fee Business💰, Software Factory Ladder Explained 🏭

Nobel Prize Winner Geoffrey Hinton on AI: “They’re Beings Like Us”
Hinton says AI is already conscious and humanity will have to accept that we’re not the only intelligent things around.

A Founder's Guide to Building and Managing a Board That Works
The definitive guide to engineering a board that actually helps you scale.

AI Pushes Markets into Uncharted Territory as SpaceX & Google Seek $160 Billion Combined with OpenAI & Anthropic in the Wings
Plus, Gigascale raises a climate-focused hardware fund & VC firms start seeing better TVPI

Clouded Judgement 6.5.26 - Where Are the American Open Source Models?

Weekly Dose of Optimism #196
Antares Goes Critical, NewLimit, BioWeapon Letter, Helion, Alzheimer's x Mushrooms + Extra Doses

Founders Fund's New Media Play: Tech Celebrities Playing Mafia
Do people want to watch the likes of Sam Altman, Trae Stephens & Palmer Luckey compete in a party game? We'll soon find out.

Saplings: The Childhoods of Exceptional Entrepreneurs
A study of 260 founders.

The "ARR" Guide for an AI World
What even is ARR in 2026? There is lots of ARR fraud/deception out there...
