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Founders · Friday, 26 June 2026 · Issue 25 · 10 stories

VCs chase $100B exits as AI agent trades World Cup futures

Funding & VC

VCs now chase $100B exits in a decade, reshaping startup funding

Large VCs have upgraded their ambition from $1 billion exits to $100 billion-plus outcomes within ten years. The shift is evident in deals like Anduril’s $61 billion valuation, Cursor’s $60 billion acquisition, and Anthropic’s near‑trillion worth. Founders now need to build category‑defining, capital‑intensive businesses to attract the biggest tickets.

saastr.com ↗7 min read at source

Building the Company

AI Agent "Pele" Trades World Cup Futures with a $1,500 Solana Wallet

Fred Wilson built "Pele," an AI agent that can hold a Solana wallet and trade World Cup prediction markets automatically. Using Hermes for agent orchestration and the Pascal on‑chain market, he wired $1,500 into the bot and spent under $22 on model tokens, proving cheap, autonomous fintech is doable over a weekend.

avc.xyz ↗4 min read at source

Growth & GTM

Leadership & Lessons

Why Startup Success Often Begins as a Heresy

Paul Graham argues that the most successful startup ideas start as heresies, beliefs that clash with prevailing wisdom. By daring to champion unconventional views, founders can unlock markets others ignore, turning dissent into a competitive advantage.

paulgraham.com ↗10 min read at source

Airbnb’s secret sauce: raw grit beats a polished pitch

Paul Graham breaks down why Airbnb survived the 2008 crash: relentless energy, an obsessive work ethic, and a willingness to iterate on any feedback. Their refusal to quit, even when funded by maxed‑out credit cards, shows that founder determination, not the idea alone, fuels breakthrough startups.

paulgraham.com ↗5 min read at source

You’re caught up.

That was all 10 stories in the 26 June issue.