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| | | | Are you — or do you know — a ninja PPC marketer or videographer? We’re hiring for both. Just smash reply if so. |
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Sweater: The Evolution of Venture Capital |
Investing in VC deals used to be for accredited investors who were well-connected. |
Sweater Ventures revolutionized the way VC works. |
What does Sweater do? |
In 2022, they created the Cashmere Fund. This was the first VC fund that anyone could invest in — accredited or not. |
Now, they've built something even more interesting: A platform that lets qualified partners start public funds. |
Qualified partners are fintech companies, brokerage firms, banks, universities, even celebrities and influencers. VC, real estate, PE, and private credit funds are all possible using Sweater. These are SEC-registered interval funds available to both accredited and non-accredited investors. Public solicitation is allowed (← this is huge) |
Think of it as private market investing using public fund infrastructure. |
| Sweater Inc - A Platform For Public VC Funds |
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Why invest in Sweater? |
Proven tech. The Cashmere fund has 5,500+ investors and $14m AUM deployed into 33 promising startups. Accelerating sales. Their first partner contract was just signed (a $500m fund). They're in the final stage on 3 additional contracts, and have a $4.6b AUM fund partner pipeline. Venture-backed team. Backed by 6 VCs, including Motivate, Akuna, and Bonaventure. Already raised $19m. |
How to invest in Sweater: |
Invest directly in the company via StartEngine Invest in the Cashmere Fund |
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Disclaimer: This is a paid advertisement for Jurny’s Regulation CF offering. Please read the offering circular at https://www.startengine.com/offering/jurny. |
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📰 Market Headlines |
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Meme mania is back, fueling a rocky start to June as volatile meme stocks shake investor confidence. The Nasdaq and S&P 500 edged up 0.6% and 0.1%, respectively, while the Dow dropped 0.3%. GameStop shares surged over 100% before settling up 20%, taking AMC and others in tow. US factory activity and construction spending fell in May, as new orders dropped and non-residential spending slipped. Paramount and Skydance agreed to merge after weeks of discussion and a competing offer from Apollo Global Management and Sony Pictures. Microsoft announced it would continue layoffs in its mixed reality division but will continue to sell its HoloLens 2 headsets. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
The correct answer is 28; about half underestimated the number. |
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📈 Trends you need to know | | Don’t buy shares of GameStop today. |
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🧠 What do you think? |
💬 Have your say |
How many more times will the WSB crew be able to pump and dump GameStop and AMC shares before the infinite money machine shuts down for good? |
How many more times will the GME Pump and Dump work? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
GitLab slid 1.8% despite reporting strong Q1 results, crushing estimates. |
Market movers |
Moderna and Merck reported that their mRNA vaccine and Keytruda treatment reduced melanoma recurrence and increased survival rates. Windows 11's new AI-powered Recall feature has been labeled a "security disaster" by experts. JPMorgan's global head of payments, Takis Georgakopoulos, has left the bank after 17 years. American Airlines told an appeals court it would reconsider a partnership with JetBlue if a 2023 ruling ending their alliance was overturned. LoanSnap, after raising $100 million, has been sued by at least seven creditors, including Wells Fargo, for over $2 million in debts. |
Ideas, trends, and analysis |
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The average cost of cooling a home this summer is set to hit a 10-year high of $719, up nearly 8% from last year. UC Berkeley saw a 48% jump in first-year applications to study computer science. Dr Pepper inched ahead of Pepsi as the number two soda brand in 2023, capturing an 8.3% market share. Coke remains the leader at 19.2%. The median pay package for S&P 500 CEOs jumped nearly 13% to $16.3 million in 2023, far outpacing the 4.1% wage growth for private-sector workers. 65% of Americans said they expect to do more bargain hunting at discount retailers this year. |
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🌍 Global Perspectives | 🇬🇪 Georgia's controversial "foreign agent" bill, resembling Russia's measures, became law after weeks of protests. 🇨🇳 China's food security law took effect, aiming for grain self-sufficiency by reducing imports, protecting farmland, and boosting production. 🌍 Global airlines raised their 2024 profit forecast to $30.5 billion as a record number of travelers take to the skies. 🇳🇬 A nationwide strike in Nigeria plunged the country into darkness as union workers shut down the national grid in a minimum wage protest. 🇮🇳 India's Election Commission said a record-breaking 642 million voters cast ballots in the general election. |
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📊 Crypto | | Crypto investment products saw $2 billion in inflows in May. Australia's first spot Bitcoin ETF with direct BTC holdings went live from Monochrome Asset Management. Michael Saylor and MicroStrategy settled a $40 million tax fraud case. | |
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🧠 Errata | Monday's hyped "parade of planets" was a dud, but NASA says a better show is coming on June 29. The skull of an extinct "thunderbird" was finally found - and it looks like a strange goose. A heat dome will scorch the West this week, with Death Valley likely to hit 120°F. An Idaho man broke the Guinness World Record for most water moved by hand in 30 seconds after five years of attempts. |
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📺 What to Watch Today |
A life well lived. |
| How I Broke the "Easiest" World Record |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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