Welcome to our new subscribers! SandHill.io aggregates and shares the latest investment themes, market insights, and best practices for operating and investing from 650+ VCs, analysts, and operators.

This newsletter curates a selection of posts featured on the website each week.

Investment Themes, Theses, & Outlooks

• The New Era of Vertical SaaS (Maria Gilfoyle, VC @ Madrona)

• Solving Hard(ware) Problems (Alex George, Principal @ Point Nine)

• AI Agents- Next frontier to access the web (Vivek Goyal, VC @ Altimeter)

• 5 Contrarian AI Theses For Early Stage Investors (Rob May, Partner @ AI Operators Fund)

Industry Developments & Analyses

• Equal’s POV on Investing in Retail (Chelsea Zhang, VP @ Equal)

• Widening & narrowing moats in Fintech (Akash Bajwa, VC @ Earlybird)

• The PropTech Landscape in Latin America (Daniel Fetner, Ryan Freedman & Alex Petrescu, Alpaca VC)

• A Market Map of Brazil’s Credit Landscape (Gabriel Vasquez & David Haber, A16Z)

• Why VCs Keep Getting Insuretech Wrong (Ian Gutterman, Founder @ Informed Group)

• Understanding AI: LLM Basics for Investors (Deepwater Team)

Guides, Case Studies, and Best Practices for Operating

• The New New Moats (Jerry Chen, GP @ Greylock)

• The P9 Guide to Cohort Analysis in SaaS (v0.9) (Christoph Janz, MP @ Point Nine)

• The B2B Fintech Pricing Journey (Marc Andrusko & Seema Amble, A16Z)

• Your guide to B2B referrals (Kyle Poyar, Partner @ OpenView)

• How to Build Your Startup Brand (Rex Woodbury, Partner @ Index)

Additional Reads

• Compromised Cap Tables Create Consequences (Abhishek Maran, VC @ Rampersand)

• Marketing Teams as Hedge Funds (Tomasz Tunguz, MD @ Theory)

• Why Don't VCs Give Feedback? (Chris Neumann, GP @ Panache Ventures)

• Hallucinations as a feature, not a bug (Andy Weissman & Grace Carney, USV)

• Why You Believe The Things You Do (Morgan Housel, Partner @ Collaborative Fund)

• The Scramble Landscape (Kyle Harrison, GP @ Contrary)

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We’re now pulling posts from over 650 Medium writers, Substack newsletters, and blogs (full list here). Let us know if you notice someone we’re missing and we'll include their content starting with our next digest! Just respond to this email with their URL if that’s the case.

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