[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] [@Trace_Cohen](/creator/twitter/Trace_Cohen) "The Windsurf Exit: Big Headline Soft Landing Rare Outcome Google didnt buy the company. The founders exited. The remaining team got lucky. But this isnt how most startup stories end. Newsletter coming Wednesday"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1947466769016492280) 2025-07-22 01:20:34 UTC 20.3K followers, XXX engagements "The Windsurf Exit: Big Headline Soft Landing Rare Outcome Google didnt buy the company. The founders exited. The remaining team got lucky. But this isnt how most startup stories end"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948029131951890910) 2025-07-23 14:35:12 UTC 20.3K followers, 2111 engagements "Secondaries are quietly doing more damage to the tech ecosystem than most people realize. If you thought Windsurf would cause issues (which it wont) this will cause way more. Were in the middle of a wave of SPVs secondaries and backdoor deals that are fundamentally distorting how capital flows through the private markets. There are billions of dollars being deployed behind the scenes through WhatsApp chats and emails with LPs and family office groups. The capital is flowing into common shares via second and even third-layer SPVs often with little transparency and no real governance. This kind"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1947852468643307963) 2025-07-23 02:53:12 UTC 20.3K followers, 11K engagements "@alexklein0x @felicis @ForerunnerVC @ThriveCapital @Greenoaks @645ventures @GoodwaterCap @PrimaryVC @craft_ventures @giliraanan @8vc @EniacVC @Boldstartvc Youve neglected most of NY FirstMark USV USQ Box founders collective RRE"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948588087476642119) 2025-07-25 03:36:17 UTC 20.3K followers, XXX engagements "@dscheinm Yes for all these reasons and more its hurting the overall tech world and ecosystem"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948487574864933370) 2025-07-24 20:56:53 UTC 20.2K followers, XXX engagements "@alexklein0x @felicis @ForerunnerVC @ThriveCapital @Greenoaks @645ventures @GoodwaterCap @PrimaryVC @craft_ventures @giliraanan @8vc @EniacVC @Boldstartvc Ah ok off by a few years 2007-2010 were some good years"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948592865841410117) 2025-07-25 03:55:16 UTC 20.3K followers, XX engagements "Estimated daily revenues for the biggest tech companies: Amazon: $1.575B/day Apple: $1.096B/day Google (Alphabet): $986M/day Microsoft: $712M/day Meta (Facebook): $411M/day NVIDIA: $329M/day"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1944781936066453638) 2025-07-14 15:32:00 UTC 20.3K followers, XXX engagements "After Windsurf and the tech world come together to support XXX employees I went through layoff tracker (layoffs dot fyi) to analyze the 234072 reported people laid off since the beginning of 2024 that didn't get as much love. 🏢 Public Companies 📊 Top Industries Affected - Hardware: 58434 layoffs - Other (unclassified): 31988 - Transportation: 15682 🌍 Top Countries - United States: 146569 layoffs - Germany: 12070 - India: 6709 📈 Peak Layoff Quarter - Q1 2024 with 43700 layoffs 📌 Total Post-IPO Layoffs: 169885 🧾 Shutdown vs Layoff Events - Layoffs: XXX events - Shutdowns: XX events 🚀"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948481687480140191) 2025-07-24 20:33:29 UTC 20.3K followers, XXX engagements "@ArfurRock Did the windsurf employees get a $3B or $10B valuation for their vested shares"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1947444555663487435) 2025-07-21 23:52:18 UTC 20.3K followers, 1853 engagements "I analyzed all of @ArfurRock tweets on XX startups (GPT below) because I'm a data junky and startup nerd. 📊 Fundraising Stats - Total disclosed funding: $2.0B+ - Average funding round size: $83.6M - Median funding round size: $25M - Largest round: Cursor $900M - Smallest round: FlyFlat $3M seed - Most common stage: Series A/B with a few standout Seeds & Series Cs 💸 Revenue & ARR - Average ARR: $73.2M - Median ARR: $14.5M - Highest ARR: Cursor at $500M+ - Most profitable bootstrapped company: Finch ($4M/mo declined VC offers) - ARR per funding dollar ratio is often favorable for"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948435148477006187) 2025-07-24 17:28:34 UTC 20.3K followers, 30.1K engagements "@GayBearRes They dont go to get taught - they go to network and put it on LinkedIn. Professors are mostly paid for research not to teach. Anyone who wants to learn from a MBA has to put in the work and teach themselves. Its a structured environment that needs proactiveness"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948574869823648011) 2025-07-25 02:43:46 UTC 20.3K followers, XXX engagements "Everyone take a breath. Yes what happened with Astronomer was bad. Yes the Windsurf saga was messy. But the internets instant leap to all of corporate America is morally bankrupt is exhausting. One bad actor doesnt equal systemic rot. Context matters. With Windsurf XXX employees were in limbo for XX hours and then they were taken care of. Meanwhile no ones talking about the other 100000 startup tech workers whove been laid off quietly this year alone. Or the hundreds of thousands more in corporate America over the last few. Zoom out. Weve become addicted to outrage and generalizations. Not"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1946187398716547177) 2025-07-18 12:36:48 UTC 20.2K followers, 3056 engagements "Wow another XX% off SoftBank special Pacaso proptech from 2021 is doing a reg A crowdfunding but rev is down 50%+"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1843084329385332988) 2024-10-07 00:22:01 UTC 20.3K followers, 1186 engagements "Forgot I invested in a tiny SPV that was into Floor that rebranded as Rally Yay acq and pasta on me"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1949250925010600109) 2025-07-26 23:30:10 UTC 20.3K followers, XXX engagements "Founders if you pitch an investor and its going slide by slide of your deck ngmi"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1949569456646344836) 2025-07-27 20:35:54 UTC 20.3K followers, XXX engagements "Founders of an investor wants to invests youll know. I cant think of a time when following up multiples times worked out Our last few investments we have to fight/win allocation - not sure against who / we didnt ask. This is called investor raising"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1949077076327223640) 2025-07-26 11:59:21 UTC 20.3K followers, XXX engagements "@pitdesi Gez I thought $20B IPO so now 2026/2027 $30B val"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948924617495568775) 2025-07-26 01:53:32 UTC 20.3K followers, 1131 engagements "💡 VC-backed startups take a decade or more to build. This new chart from Carta analyzing over 3500 startups that raised in 2024 shows just how long the journey really is. Startups dont magically leap from Seed to Series D overnight. The median age at each round 🥚 Priced Seed: XXX years 🌱 Series A: XXX years 🚀 Series B: XXX years 🧭 Series C: XXX years 🏔 Series D: XXX years What stands out: 🔸 Only XXX% of Series B raises happened before age X 🔸 Most Series D companies were 10+ years old 🔸 Nearly 1/3 of startups raise their Seed round in their first year We talk a lot about blitzscaling"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1911853768653643949) 2025-04-14 18:47:13 UTC 20.3K followers, XXX engagements "My thoughts on the Model Y after a month @elonmusk @SawyerMerritt @WholeMarsBlog I was driving a Ford Ranger Lariat for the last year - nice midsize pickup truck and now fully appreciate that style after making fun of it / country music. It was exactly what you'd expect: elevated ride solid build reliable performance. The Tesla Model Y is the complete opposite in almost every way; electric software-first quiet minimalist. Id been thinking about making the switch for a while and this year I finally did after telling myself the battery anxiety can't really be too much of an issue anymore. Part"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948474564255564025) 2025-07-24 20:05:11 UTC 20.3K followers, XXX engagements "They will def raise $2B at $20B soon and acq some old unicorns notion zapier Airtable etc"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948497467659415986) 2025-07-24 21:36:12 UTC 20.2K followers, XXX engagements "As the secondary market grows more capital is going toward existing assets rather than funding new startups. Continuation funds and structured SPVs now attract the dollars that once backed early-stage founders and emerging managers. Liquidity is important but when it becomes the default we lose momentum on whats next"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948581576301850819) 2025-07-25 03:10:25 UTC 20.3K followers, XXX engagements "The Data Is Clear: Late-Stage Capital Is Eating Early-Stage Venture The global secondary market has grown from $XX billion in 2019 to over $XXX billion by 2025. Secondary-focused funds raised $XXX billion in 2023 almost double the prior year and a new record. GP-led secondaries and continuation funds now account for more than XX% of secondary deal flow up from less than XX% just a few years ago. In parallel first-time VC fund formation has dropped to just XX% of its 2022 peak and the number of new funds raised each year continues to fall. In the US emerging managers raised just $XX billion in"  [@Trace_Cohen](/creator/x/Trace_Cohen) on [X](/post/tweet/1948721925603099105) 2025-07-25 12:28:07 UTC 20.3K followers, 1986 engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@Trace_Cohen
"The Windsurf Exit: Big Headline Soft Landing Rare Outcome Google didnt buy the company. The founders exited. The remaining team got lucky. But this isnt how most startup stories end. Newsletter coming Wednesday"
@Trace_Cohen on X 2025-07-22 01:20:34 UTC 20.3K followers, XXX engagements
"The Windsurf Exit: Big Headline Soft Landing Rare Outcome Google didnt buy the company. The founders exited. The remaining team got lucky. But this isnt how most startup stories end" @Trace_Cohen on X 2025-07-23 14:35:12 UTC 20.3K followers, 2111 engagements
"Secondaries are quietly doing more damage to the tech ecosystem than most people realize. If you thought Windsurf would cause issues (which it wont) this will cause way more. Were in the middle of a wave of SPVs secondaries and backdoor deals that are fundamentally distorting how capital flows through the private markets. There are billions of dollars being deployed behind the scenes through WhatsApp chats and emails with LPs and family office groups. The capital is flowing into common shares via second and even third-layer SPVs often with little transparency and no real governance. This kind" @Trace_Cohen on X 2025-07-23 02:53:12 UTC 20.3K followers, 11K engagements
"@alexklein0x @felicis @ForerunnerVC @ThriveCapital @Greenoaks @645ventures @GoodwaterCap @PrimaryVC @craft_ventures @giliraanan @8vc @EniacVC @Boldstartvc Youve neglected most of NY FirstMark USV USQ Box founders collective RRE" @Trace_Cohen on X 2025-07-25 03:36:17 UTC 20.3K followers, XXX engagements
"@dscheinm Yes for all these reasons and more its hurting the overall tech world and ecosystem" @Trace_Cohen on X 2025-07-24 20:56:53 UTC 20.2K followers, XXX engagements
"@alexklein0x @felicis @ForerunnerVC @ThriveCapital @Greenoaks @645ventures @GoodwaterCap @PrimaryVC @craft_ventures @giliraanan @8vc @EniacVC @Boldstartvc Ah ok off by a few years 2007-2010 were some good years" @Trace_Cohen on X 2025-07-25 03:55:16 UTC 20.3K followers, XX engagements
"Estimated daily revenues for the biggest tech companies: Amazon: $1.575B/day Apple: $1.096B/day Google (Alphabet): $986M/day Microsoft: $712M/day Meta (Facebook): $411M/day NVIDIA: $329M/day" @Trace_Cohen on X 2025-07-14 15:32:00 UTC 20.3K followers, XXX engagements
"After Windsurf and the tech world come together to support XXX employees I went through layoff tracker (layoffs dot fyi) to analyze the 234072 reported people laid off since the beginning of 2024 that didn't get as much love. 🏢 Public Companies 📊 Top Industries Affected - Hardware: 58434 layoffs - Other (unclassified): 31988 - Transportation: 15682 🌍 Top Countries - United States: 146569 layoffs - Germany: 12070 - India: 6709 📈 Peak Layoff Quarter - Q1 2024 with 43700 layoffs 📌 Total Post-IPO Layoffs: 169885 🧾 Shutdown vs Layoff Events - Layoffs: XXX events - Shutdowns: XX events 🚀" @Trace_Cohen on X 2025-07-24 20:33:29 UTC 20.3K followers, XXX engagements
"@ArfurRock Did the windsurf employees get a $3B or $10B valuation for their vested shares" @Trace_Cohen on X 2025-07-21 23:52:18 UTC 20.3K followers, 1853 engagements
"I analyzed all of @ArfurRock tweets on XX startups (GPT below) because I'm a data junky and startup nerd. 📊 Fundraising Stats - Total disclosed funding: $2.0B+ - Average funding round size: $83.6M - Median funding round size: $25M - Largest round: Cursor $900M - Smallest round: FlyFlat $3M seed - Most common stage: Series A/B with a few standout Seeds & Series Cs 💸 Revenue & ARR - Average ARR: $73.2M - Median ARR: $14.5M - Highest ARR: Cursor at $500M+ - Most profitable bootstrapped company: Finch ($4M/mo declined VC offers) - ARR per funding dollar ratio is often favorable for" @Trace_Cohen on X 2025-07-24 17:28:34 UTC 20.3K followers, 30.1K engagements
"@GayBearRes They dont go to get taught - they go to network and put it on LinkedIn. Professors are mostly paid for research not to teach. Anyone who wants to learn from a MBA has to put in the work and teach themselves. Its a structured environment that needs proactiveness" @Trace_Cohen on X 2025-07-25 02:43:46 UTC 20.3K followers, XXX engagements
"Everyone take a breath. Yes what happened with Astronomer was bad. Yes the Windsurf saga was messy. But the internets instant leap to all of corporate America is morally bankrupt is exhausting. One bad actor doesnt equal systemic rot. Context matters. With Windsurf XXX employees were in limbo for XX hours and then they were taken care of. Meanwhile no ones talking about the other 100000 startup tech workers whove been laid off quietly this year alone. Or the hundreds of thousands more in corporate America over the last few. Zoom out. Weve become addicted to outrage and generalizations. Not" @Trace_Cohen on X 2025-07-18 12:36:48 UTC 20.2K followers, 3056 engagements
"Wow another XX% off SoftBank special Pacaso proptech from 2021 is doing a reg A crowdfunding but rev is down 50%+" @Trace_Cohen on X 2024-10-07 00:22:01 UTC 20.3K followers, 1186 engagements
"Forgot I invested in a tiny SPV that was into Floor that rebranded as Rally Yay acq and pasta on me" @Trace_Cohen on X 2025-07-26 23:30:10 UTC 20.3K followers, XXX engagements
"Founders if you pitch an investor and its going slide by slide of your deck ngmi" @Trace_Cohen on X 2025-07-27 20:35:54 UTC 20.3K followers, XXX engagements
"Founders of an investor wants to invests youll know. I cant think of a time when following up multiples times worked out Our last few investments we have to fight/win allocation - not sure against who / we didnt ask. This is called investor raising" @Trace_Cohen on X 2025-07-26 11:59:21 UTC 20.3K followers, XXX engagements
"@pitdesi Gez I thought $20B IPO so now 2026/2027 $30B val" @Trace_Cohen on X 2025-07-26 01:53:32 UTC 20.3K followers, 1131 engagements
"💡 VC-backed startups take a decade or more to build. This new chart from Carta analyzing over 3500 startups that raised in 2024 shows just how long the journey really is. Startups dont magically leap from Seed to Series D overnight. The median age at each round 🥚 Priced Seed: XXX years 🌱 Series A: XXX years 🚀 Series B: XXX years 🧭 Series C: XXX years 🏔 Series D: XXX years What stands out: 🔸 Only XXX% of Series B raises happened before age X 🔸 Most Series D companies were 10+ years old 🔸 Nearly 1/3 of startups raise their Seed round in their first year We talk a lot about blitzscaling" @Trace_Cohen on X 2025-04-14 18:47:13 UTC 20.3K followers, XXX engagements
"My thoughts on the Model Y after a month @elonmusk @SawyerMerritt @WholeMarsBlog I was driving a Ford Ranger Lariat for the last year - nice midsize pickup truck and now fully appreciate that style after making fun of it / country music. It was exactly what you'd expect: elevated ride solid build reliable performance. The Tesla Model Y is the complete opposite in almost every way; electric software-first quiet minimalist. Id been thinking about making the switch for a while and this year I finally did after telling myself the battery anxiety can't really be too much of an issue anymore. Part" @Trace_Cohen on X 2025-07-24 20:05:11 UTC 20.3K followers, XXX engagements
"They will def raise $2B at $20B soon and acq some old unicorns notion zapier Airtable etc" @Trace_Cohen on X 2025-07-24 21:36:12 UTC 20.2K followers, XXX engagements
"As the secondary market grows more capital is going toward existing assets rather than funding new startups. Continuation funds and structured SPVs now attract the dollars that once backed early-stage founders and emerging managers. Liquidity is important but when it becomes the default we lose momentum on whats next" @Trace_Cohen on X 2025-07-25 03:10:25 UTC 20.3K followers, XXX engagements
"The Data Is Clear: Late-Stage Capital Is Eating Early-Stage Venture The global secondary market has grown from $XX billion in 2019 to over $XXX billion by 2025. Secondary-focused funds raised $XXX billion in 2023 almost double the prior year and a new record. GP-led secondaries and continuation funds now account for more than XX% of secondary deal flow up from less than XX% just a few years ago. In parallel first-time VC fund formation has dropped to just XX% of its 2022 peak and the number of new funds raised each year continues to fall. In the US emerging managers raised just $XX billion in" @Trace_Cohen on X 2025-07-25 12:28:07 UTC 20.3K followers, 1986 engagements