ICYMI 👀

Sept 2025 Recap

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September was insane.

1. I don’t even know what day it is.

2. I can barely keep up with how much content & growth we’re reaching, from podcasts, to newsletters, 1M views on a podcast in 2 days, IPOs, Carta x Sourcery, a billboard in Times Square, clips on X, family office dinners, merch, a YouTube ban & more..

so I put it all in one quick email to catch-up.. and holy sh*t.

PS Check the surprising stat by Thrive Capital at the bottom..

Podcasts

• Keith Rabois on Opendoor’s $OPEN Activist Turnaround

  • I still can’t believe, by extreme luck, we were able to capture this moment.

• Keith Rabois: Lessons From Paypal Mafia, $OPEN, & Investing → Listen on X, Spotify, YouTube, Apple

• Klarna CEO Sebastian Siemiatkowski on Their Blockbuster IPO | $1 Billion Losses → Profit & IPO → Listen on X, Spotify, YouTube, Apple

• EXCLUSIVE: Quantum’s SpaceX Moment? Ashlee Vance on PsiQuantum’s Moonshot. N of 1 Million Qubits, Explaind. | PsiQuantum’s $1B Series E → Listen on X, Spotify, YouTube, Apple

• Ashlee Vance: Stories from Elon, Palmer Luckey, Bryan Johnson & Priscilla Chan → Listen on X, Spotify, YouTube, Apple

• Fired by Elon, Meta, & Wendy’s, Alex Cohen Raises $22.5M Series A for Hello Patient Led by Scale Venture Partners → Listen on X, Spotify, YouTube, Apple

Made in America Series 🇺🇸

First episodes include Palantir, 137 Ventures, General Matter..

• Apple in China: The Capture of the World’s Greatest Company Author, Patrick McGee → Listen on X, Spotify, YouTube, Apple

• The CEOs Behind America’s Next Frontier in Air & Sea Travel | eVTOL Leader: Archer | Plus REGENT + Arc Boats → Listen on X, Spotify, YouTube, Apple

• Joby, Dirac, & Allen Control: The Future of Air Taxis, AI Factories, & Defense Tech | How capital-intensive, frontier-defining companies are raising billions → Listen on X, Spotify, Apple

Newsletters

• Why Keith Rabois is one of the best communicators I’ve ever interviewed.. 8 principles to be a GREAT communicator

• Carta’s VC Fund Performance Report

  • Liquidity List: M&A, IPOs, SPACs, Government Investments

• Carta x Sourcery Team Up | End-to-End Fund & Equity Mgmt (& Sourcery Data Sources)

• IPO Week: Klarna, Gemini, Figure Markets | Anthropic $183B, Databricks $100B, Cognition $10.7B, Kalshi NFL Volume

• NVDA: $100B to OpenAI, + $$ to ElevenLabs

• PayPal Mafia in Play | Mistral, Databricks, PsiQuantum, Cognition, Replit, Perplexity, Apex Space; Klarna, Figure, Via Transportation, Gemini, Black Rock Coffee Bar, StubHub, Netskope

• Elizabeth Holmes | Intel, Celsius, The Weeknd, Kalshi HQ, Rain, Databricks, Thiel Fellows

Fundings

• Atlassian Acquires ‘The Browser Company of New York’ for $610M | Thrive Capital’s Incubation Strategy + Why are bowsers so hot rn?!

• PsiQuantum’s $1B Series E, Nvidia, & the Race to 1 Million Qubits | $2B in total funding, $7B valuation → Listen on X, Spotify, YouTube, Apple

• Factory Raises $50M from NEA, Sequoia, NVIDIA, JPMorgan, & Abstract Ventures → Listen on X, Spotify, Apple

• Ketryx Raises $39M Series B from Transformation & Lightspeed to Scale AI in MedTech → Listen on X & in Sourcery

Carta Q2 2025 VC Fund Performance Report | New 2025 focus for VCs: Returning capital to LPs

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