Every Thursday

Dealmaker

By Ethan Hua

The world of venture capital is constantly changing—and founders and investors are eager to gain an edge. Dealmaker includes exclusive scoops, interviews, behind-the-scenes details and more on the high-stakes world of startup investing.

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Recent Editions

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Dealmaker

Founders Fund Takes a Bigger Bite of Anduril

By · Apr 30, 2026 4:31pm PDT
Two months ago, my colleagues broke the news of Anduril’s latest funding round, slated to value the company at $60 billion. Andreessen Horowitz and Thrive Capital are leading the roughly $4 billion investment, according to a source with direct knowledge of the fundraising efforts. But another investor stands out for the size of its check. ... Two months ago, my colleagues broke the news of Anduril’s latest funding round, slated to value...
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Dealmaker

The Asterisk on Benchmark’s Manus Exit

By · Apr 28, 2026 5:27pm PDT
Benchmark’s investment in the startup behind the AI agent Manus drew flack last year from some venture capitalists who viewed the investment in the company, which was founded in Beijing, as a national security risk. But when Meta said in December that it was buying the startup, called Butterfly Effect, for over $2 billion, the early-stage... Benchmark’s investment in the startup behind the AI agent Manus drew flack last year from some...