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Top stories today: - J.D. Vance, former tech VC, selected as Trump's VP nominee
- Elon reportedly donating $45M/mo to pro-Trump super PAC
- European startup funding +17% YoY to $16B in Q2
- Global PC shipments +3% YoY to 62.5M units in Q2
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0. Data and calendar |
| All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). |
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| All times are ET. |
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1. J.D. Vance, former tech VC who worked for Peter Thiel, selected as Trump's VP nominee |
Vance got support on X from associates of Thiel (who himself doesn't use social media), including David Sacks, Elon Musk, Delian Asparouhov, and others: |
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Vance's Narya VC raised $93M in 2020. Investments: Rumble, Thrive, others.
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2. Elon reportedly says he is donating $45M/mo to pro-Trump super PAC |
America PAC, founded in May, so far has gotten $8.5M in donations and disbursed $7.8M in expenditures: |
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Other political news |
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4. European startup funding +17% YoY to $16B in Q2, still much below 2021-2022 levels |
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5. Global PC shipments +3% YoY to 62.5M units in Q2 |
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6. Interesting videos, posts, and memes |
| Saam Motamedi: Why Series B Won't Make Money & Why $1M ARR is a BS Milestone for Series A | E1177 |
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| iOS 18 Hands-On: Top 5 Features! |
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7. Other headlines |
AI |
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Tech |
Tinder parent Match stock +9% after Starboard builds 6.5% activist stake. iOS 18, macOS Sequoia public betas released, including "Recovered" album. Sequoia buying Stripe shares on secondary markets at $70B valuation. OneStream, business SaaS, seeking to raise $466M at up to $4.4B. Intel invested in 43 Chinese startups, raising alarms in Washington.
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Tech & law |
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Biotech |
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Business |
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Crypto |
ETH ETFs will start trading on July 23. J.D. Vance owned $100K-$250K of BTC in 2022. Mt. Gox moves nearly $2.7B in BTC ahead of payouts.
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World |
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