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Filed 13–14 May · Spring '26View archive →
Portrait of Naval Ravikant
Naval Ravikant
In conversation · Issue 47

The most important act of a founder this decade will not be building. It will be deciding what not to build. Restraint is the unwritten chapter of every great company — and the next four years will reward it more than any cycle in memory.

From the long interview, Issue 47 · Read the full conversation →

The feed

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Dramatic skyline of Singapore with Marina Bay Sands at twilight.
Capital·Sep 20, 2026

OpenAI's $1.2 Trillion Target: What It Means for AI Valuations

OpenAI's ambitious $1.2 trillion valuation target for its eventual IPO sets a new benchmark for the AI market, influencing investor appetite and reshaping expectations for startups.

Editorial Desk
10min read
Close-up view of modern rack-mounted server units in a data center.
Startup News·Sep 19, 2026

Nvidia-Backed Nscale Files for IPO with $103B Backlog

Nvidia-backed Nscale seeks Nasdaq listing, leveraging a $103 billion backlog and strategic partnerships to capitalize on the booming AI infrastructure market.

Editorial Desk
14min read
High-resolution image of a military anti-aircraft vehicle in a studio setting.
Capital·Sep 19, 2026

Anduril's $100 Billion Valuation Signals Defense Tech Shift A new era for defense AI

Anduril Industries is reportedly raising at a $100 billion valuation, more than triple last year. The round signals how quickly venture capital is repricing defense AI.

Editorial Desk
11min read
Elegant black and white depiction of cooling towers at a nuclear power station, symbolizing energy and industry.
Capital·Sep 19, 2026

Holtec Pulls $900M Nuclear IPO Amid AI Bubble Fears A Cautionary Tale for Founders

Holtec International withdrew its $900 million nuclear IPO, citing an "AI bubble" that diverts capital, signaling a challenging market for non-AI, capital-intensive ventures.

Editorial Desk
14min read
A young entrepreneur gives a presentation on startup strategies indoors with a flip chart.
Founders & operators·Sep 19, 2026

RealConnex Founder Pleads Guilty: $1M Misused VC & Loan Funds

RealConnex founder Michael Chera pleaded guilty to diverting nearly $1 million from investors and a COVID-19 loan, highlighting severe consequences and vital lessons in financial accountability for all founders.

Editorial Desk
15min read

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