Founder + author of Newcomer – a startups and VC newsletter & events company. Host summits, including Cerebral Valley AI Summit. Subscribe https://xitter.cf/t.co/ptjq4pjVS9

Crown Heights, Brooklyn
Joined April 2009
Eric Newcomer retweeted
I think she correctly diagnoses that Billy is manipulating Holmes while still correctly diagnosing that Holmes is a piece of shit. Idk why everyone is being so weird about Seyfried.
amanda seyfried: 🗣️ BELIEVE WOMEN amanda seyfried, later: okay but, what i said was we *could* believe women. we would be capable, technically, of believing women
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Eric Newcomer retweeted
At no point in the movie does Elizabeth Holmes reckon with how anyone other than her was harmed by the downfall of Theranos. Amanda Seyfried earnestly reckons with the consequences of her actions even when she is (correctly) pretty sure she didn’t do anything wrong.
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New in @NewcomerMedia today: CoreWeave & the risks around the data center buildout, plus fresh details on the feud between Valar Atomics and Day One Ventures newcomer.co/p/investors-turn…
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Eric Newcomer retweeted
Lots of scoops, analysis and economic/immigration context in my @NewcomerMedia story, but this chart is a story in itself. Indians, including me, keep hoping for the tech/development gap to narrow, funding gap is widening.
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Eric Newcomer retweeted
Amazing piece again by @followthemani on the latest trend of Indian VCs setting up shop in SF. Large funds need to be deployed and chase alpha, so SF made natural sense for some of the smartest investors
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Eric Newcomer retweeted
BREAKING: Volodymyr Zelenskyy tells @piersmorgan he has been betrayed by Trump, that Elon Musk and the US deliberately cut off Starlink and people are being killed as a result “This is not the right side of history,” he says. “It is a pity that we are losing a strong partner” On Musk and Starlink he says: “This decision will bring a lot of human losses. Of course, people will die” “I am sure they knew what they did, absolutely. Because it was 1am at night, Starlink was blocked by SpaceX and the United States” “It’s not just about attack. It’s also about defending life. So people were killed because, not enough destroying, not enough interceptors, including interceptors with Starlink, which didn't work. Of course.” Asked if he’s angry with Musk, Zelenskyy says: “Yes, I think he is not right. It's a big mistake.”
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Here's @Kantrowitz on the market's reaction to the confusing reporting of OpenAI's financials
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Eric Newcomer retweeted
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…
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Eric Newcomer retweeted
Totally insane levels of corruption and abuse of power are swirling all around us and my sense is that as angry as voters are about the cost of living they mostly are so awash in cynicism about politics that they don’t understand how egregious Trump is.
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…
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even if you buy kelly clarkson's entire narrative here... this doesn't feel like a pretty woman situation. the item she wanted to buy seemed FAR more expensive than the store's normal inventory. it seems perfectly reasonable that whoever she spoke to would not really be focused on selling it / expect to. Clarkson wasn't looking for them to do their normal customer routine (as julia roberts was). She was looking to be treated as exceptional and seen as fantastically wealthy... not just treated with the respect of a typical customer.
UPDATE Kelly Clarkson has now responded to Art of Play, the Brooklyn store she criticized on here. The store said the item she wanted wasn’t for sale. But Clarkson says the store is lying and that there was a price tag on the item the store claims wasn’t for sale.
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Eric Newcomer retweeted
New VC drama to end the week
Replying to @isaiah_p_taylor
Isaiah, after everything we’ve been through together I’m surprised that you would publicize our disagreement in this fashion. But since you have created public interest in this, it is important that people should hear both sides of the story. Day One has been a major investor in Valar from the beginning, and we have never wavered in our belief that the company will be a success. This faith and support in our founders is why fourteen Day One founders have become limited partners in Day One’s most recent fund. In 2024, Day One invested in Valar’s seed round. Later that year, Valar required a seed extension after miscalculations by management regarding the capital needs of the business. Day One stepped in to provide this seed extension, saving the company in a difficult time. When it came time to raise a Series A, Valar spent several weeks on the market without success. At Valar’s request, Day One then offered the first term sheet and co-led the Series A, again saving the company during a time when deep tech startups in highly regulated industries were a difficult sell in venture capital. Then when Valar needed a Series A extension, Isaiah asked that Day One waive our pro rata rights so as to make a tenuous financing deal work out. We agreed for the good of the company. As part of these transactions, Valar agreed that, if their long-shot effort to build nuclear energy as a startup did succeed, Day One would have rights to participate in future rounds that could not be eliminated without Day One’s consent. This was a fair bargain at a time when Day One took extraordinary risks by betting against the market when Valar’s future appeared highly uncertain. Following the achievement of criticality on June 18th, our faith has been validated. Valar went from being an obscure company to a hot startup. We congratulate the Valar team on their hard won success! Of course, when it came time for Valar to raise a Series B after achieving such success, Day One expected to participate in that round – as both parties had agreed. But at this point the normally positive communications between Day One and Valar took a negative turn. Valar insisted that Day One give up all of its future pro rata rights despite the parties’ agreements, and despite four out of six major investors participating in the Series B round without waiving. This went against both the letter and the spirit of our deal, so we did not agree. In decades of investing we have waived pro-rata rights dozens of times, but no other company has ever demanded that we give up all of our rights for all future rounds. We told Isaiah we would give up a majority of our pro-rata in the Series B round so as to not make his life difficult, to which he responded “You cannot make my life difficult, I can make your life difficult.” It was at this point that we sought representation with Quinn Emanuel to protect the firm and the interests of our limited partners. Day One has since learned of a significant secondary equity sale by Isaiah from which we were excluded. Our attempts to gain insights into this through our information rights have been stymied by Valar management, who have refused to produce material documents requested by Day One. After weeks of delay on these documents, Valar management alerted us this Wednesday that they intend to pursue legal action against Day One unless we waive our legal rights forever. We have always pursued positive and mutually beneficial relationships with all of our portfolio companies. We have neither taken nor threatened legal action against Valar, and in fact we told them explicitly that we have no interest in doing so. Valar voluntarily entered into a contract with Day One, then violated that contract, and is now suing Day One. We are deeply disappointed by this recent erratic turn, but are still proud of our early and continued support of Valar. We look forward to the clarity from the courts that Valar’s management is seeking.
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Eric Newcomer retweeted
Both USV and Benchmark (2 of the best firms ever) upsized this year after staying small for a very long time. Game on the field is different
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