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| | | | Are you — or do you know — a ninja PPC marketer or videographer? We’re hiring for both. Just smash reply if so. |
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Sweater: The Evolution of Venture Capital |
Investing in VC deals used to be for accredited investors who were well-connected. |
Sweater Ventures revolutionized the way VC works. |
What does Sweater do? |
In 2022, they created the Cashmere Fund. This was the first VC fund that anyone could invest in — accredited or not. |
Now, they've built something even more interesting: A platform that lets qualified partners start public funds. |
Qualified partners are fintech companies, brokerage firms, banks, universities, even celebrities and influencers. VC, real estate, PE, and private credit funds are all possible using Sweater. These are SEC-registered interval funds available to both accredited and non-accredited investors. Public solicitation is allowed (← this is huge)
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Think of it as private market investing using public fund infrastructure. |
 | Sweater Inc - A Platform For Public VC Funds |
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Why invest in Sweater? |
Proven tech. The Cashmere fund has 5,500+ investors and $14m AUM deployed into 33 promising startups. Accelerating sales. Their first partner contract was just signed (a $500m fund). They're in the final stage on 3 additional contracts, and have a $4.6b AUM fund partner pipeline. Venture-backed team. Backed by 6 VCs, including Motivate, Akuna, and Bonaventure. Already raised $19m.
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How to invest in Sweater: |
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Disclaimer: This is a paid advertisement for Jurny’s Regulation CF offering. Please read the offering circular at https://www.startengine.com/offering/jurny. |
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📰 Market Headlines |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
“No one in this world, so far as I know—and I have searched the records for years, and employed agents to help me—has ever lost money by underestimating the intelligence of the great masses of the plain people.” |
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📈 Trends you need to know | | “Tesla Motors' brand reputation continued to slip over the last year as Elon Musk's antics and other issues tarnished its once-impeccable image, according to new Axios Harris Poll 100 survey results.” |
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🧠 What do you think? |
💬 Have your say |
Yesterday, it was revealed that “Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI.” This pushed back Tesla’s “receipt of over $500 million in processors by months.” |
Further, a “recent Nvidia email, from late April, said Musk’s comment on the first-quarter Tesla call “conflicts with bookings” and that his April post on X about $10 billion in AI spending also “conflicts with bookings and FY 2025 forecasts.” |
The material misrepresentations on the earnings call potentially violate securities laws. |
Do you think Elon broke the law? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
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Market movers |
ChatGPT, Claude, and Perplexity all went down simultaneously yesterday. Musk diverted over $500 million worth of Nvidia AI chips from Tesla to his other companies, X and xAI, delaying Tesla's AI plans by months. Paramount-Skydance merger talks hit a snag as Shari Redstone was displeased with Skydance's reduced offer. Microsoft and Google have announced plans to cut hundreds of staff from their cloud business sectors. Netflix settled a defamation lawsuit with the Central Park Five prosecutor, donating $1 million to the Innocence Project.
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Ideas, trends, and analysis |
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A new poll reveals 65% of middle-class Americans struggle financially, with 40% unable to plan beyond their next paycheck. Americans typically spend about 24% of their income on mortgage payments, just shy of the often recommended 30% threshold. Sales of Chinese electric cars in Europe have dropped, with new registrations at just 2.9% in early 2024. The wealth gap in Europe is widening, with the richest countries having over ten times the wealth per adult compared to the poorest.
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🌍 Global Perspectives | 🇮🇳 Indian stocks had their worst day in 4 years as Prime Minister Modi's hopes of a huge majority fade. 🇮🇱 🇵🇸 Israeli forces launched a new ground and air assault on central Gaza, killing at least 6 Palestinians. 🇵🇹 Portugal has left 400,000 jobseekers in limbo with its latest immigration crackdown. 🇵🇭 🇨🇳 The Philippine military chief said the Chinese coast guard seized food dropped by plane for Filipino forces in the disputed South China Sea. 🇰🇷 🇰🇵 South Korea suspended a contentious military agreement with North Korea to resume front-line military activities.
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📊 Crypto | | Ark Labs launched to develop a new Bitcoin Layer 2 payments network based on the Ark protocol. Bitcoin miner Core Scientific surged 40% after signing a 200 MW AI deal with CoreWeave. Euro-pegged stablecoin issuer Lugh is halting issuance due to the EU's MiCA regulation. Ex-Polygon team secured a $43 million Series A round for Avail, a blockchain-scaling solution aiming to unify fragmented rollup ecosystems.
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📺 What to Watch Today |
Time to get on Zillow. |
 | Muhammad Ali's childhood home in Louisville is for sale |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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