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<div style="display: none; max-height: 0px; overflow: hidden;">Sierra has raised $350M at a $10B valuation to expand its AI agent platform, backed by Greenoaks. The platform supports hundreds of major companies </div>
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<h1><strong> TLDR Founders <span id="date">2025-09-05</span></strong></h1>
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<strong>Sierra raises $350M at $10B valuation to expand AI agent platform (3 minute read)</strong>
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Sierra has raised $350M at a $10B valuation to expand its AI agent platform, backed by Greenoaks. The platform supports hundreds of major companies, reaching 90% of Americans in retail and 50% of US families in healthcare. The new funding will enhance AI development capabilities and international expansion, strengthening Sierra's global presence.
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<strong>Atlassian acquires The Browser Company to boost AI-powered productivity (4 minute read)</strong>
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Atlassian has acquired The Browser Company. It will integrate Dia and Arc browsers with its productivity tools. This strategic move will cater to knowledge workers by optimizing for SaaS apps, incorporating AI, and enhancing security features. The acquisition aims to revolutionize work efficiency in web browsers.
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<strong>How Investors Think AI Will Actually Make Money (4 minute read)</strong>
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Investors are increasingly focused on AI coding as a monetizable product category, highlighted by recent acquisitions and Anthropic's significant $13 billion Series F funding round. Despite lower traffic and user numbers compared to OpenAI's ChatGPT, Anthropic is thriving by catering to AI-driven software development needs, with its models forming the backbone for many successful coding startups. Investors are shifting towards clear, profitable use cases in AI, with automation in the tech industry being a promising area.
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<strong>Replit Shares Its YC W18 Application Video (1 minute read)</strong>
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Replit made its Y Combinator Winter 2018 application video public, offering a rare behind-the-scenes glimpse into its early founder pitch. The video reveals how Replit, now a leading collaborative in-browser coding IDE, introduced itself to the YC community and provides context into its startup journey.
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<strong>5+ Helpful Ways to Use AI for Your Content Products (6 minute read)</strong>
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AI tools like ChatGPT can streamline research, organize information, draft supplemental content, overcome writer's block, and improve accessibility with translations. AI excels at repetitive tasks but requires verification and thoughtful use. While AI aids in the creative process, originality and storytelling remain human domains.
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<strong>Forecasting ARR and MRR (4 minute read)</strong>
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Most SaaS companies spend weeks building elaborate forecasting models only to base projections on gut feelings, then act surprised when ARR comes in 15% below target because they forgot about that summer churn spike that happens every year. The companies that nail their forecasts aren't trying to predict the future - they calculate churn, expansion, and contraction as percentages of opening balance using six-month rolling averages from their own historical data.
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<strong>🤔 "I'll think about it" kills all deals (Sponsor)</strong>
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When a prospect tells you they'll think about it, you've already lost - they've failed to connect emotionally with the problem you're selling. Learn how to turn hesitation into yes by helping prospects persuade themselves with <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fgo.tritongrowth.com%2Fnepq-tldr/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/pz9g79KVED3NKJ8-7BUcoIrnMHg5yhbh8oZKICF1STc=421" rel="noopener noreferrer nofollow" target="_blank"><span>NEPQ - your new influence edge</span></a> in funding, sales, and partnerships. <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fgo.tritongrowth.com%2Fnepq-tldr/2/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/qEUoSyCsGqtNDqS-I5oPdO3DJKxFLRsk778yKErBqHg=421" rel="noopener noreferrer nofollow" target="_blank"><span>Register for the FREE 5 day challenge</span></a>
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<strong>a16z speedrun (Accelerator)</strong>
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a16z Speedrun invests up to $1M in early stage startups. The SR006 class just opened applications this week for the SF cohort in 2026. a16z's Global Founders Program offers hands-on support with banking, visas, and relocation for international founders.
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<strong>SchedX (Tool)</strong>
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SchedX is an AI-powered inbound SDR that chats with website visitors, qualifies leads, answers product questions, and books meetings in real time.
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<strong>Skywork Super Agents (Tool)</strong>
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Skywork Super Agents transform simple prompts into rich multimodal content like documents, slides, podcasts, and webpages, complete with deep research.
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<div style="text-align: center;"><strong><h1>Miscellaneous</h1></strong></div>
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<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.digitalnative.tech%2Fp%2Ffund-math-for-dummies%3Futm_source=tldrfounders/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/aLC3jUoGiZ7lRqlWehqCxxQ-700OcWi-uK0tOi6zNog=421">
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<strong>Fund Math for Dummies (14 minute read)</strong>
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<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Venture fund success depends heavily on understanding ownership and the role of outlier companies in generating returns. Despite increasing fund sizes, many VCs face challenges capturing sufficient value due to unrealistic expectations on investment outcomes. Smaller, emerging funds often outperform larger ones due to better IRRs by focusing on high multiples rather than sheer volume.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fshockwaveinnovations.com%2Fbuilding-unicorns-with-one-and-done-funding%2F%3Futm_source=tldrfounders/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/IyKbvUofHXo329CvgwaiHOhw3GjSnrVheLZYFBjWC8A=421">
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<strong>Building Unicorns with One-and-Done Funding (16 minute read)</strong>
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</a>
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<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
AI advancements now enable startups to pursue "one-and-done" funding, drastically cutting personnel costs and speeding up time to market. This approach reduces reliance on traditional VC funding and promotes a rapid rise in software startups, sparking a surge in new, younger founders. Venture capital firms, facing reduced demand from software startups, might pivot towards deep tech sectors that still require significant funding.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fnews.crunchbase.com%2Fventure%2Ffuture-ultra-unicorn-startups-ai-brotman-alpha%2F%3Futm_source=tldrfounders/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/UNZVQli-spd1wCh8hKleV-QS4n9bjIg-MvkbLofkFE4=421">
<span>
<strong>Why Venture's Future Is Being Decided By A Select Few (5 minute read)</strong>
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<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Venture capital is heavily concentrated, with a small number of ultra-unicorns receiving the majority of funding, while mid-tier companies struggle. Companies like OpenAI and Scale AI have raised massive rounds, distorting the funding landscape. The focus on a few giants creates a fragile market, potentially ignoring smaller, capital-efficient businesses that could offer significant returns.
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<div style="text-align: center;"><span style="font-size: 36px;">⚡</span></div></div>
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<h1><strong>Quick Links</strong></h1>
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftomtunguz.com%2Fai-skills-inversion%2F%3Futm_source=tldrfounders/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/-TgnJP00QEhDrhu3BwlxF-SIwWHBiBb6_VbjmoDVAck=421">
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<strong>Small Action Models Are the Future of AI Agents (3 minute read)</strong>
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Small action models are essential for efficient AI tool orchestration, offering a cost-effective alternative to large models.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2Fm88dkQhttps:%2F%2Fspeedrun.a16z.com%2F%3Futm_source=tldrfounders/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/DHgc_V-n05UxEEpr9th1F1gAPARP48MVq1zR3QGGw4w=421">
<span>
<strong>The hidden cost of scale: How startups can stay ahead of fraud (4 minute read)</strong>
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</a>
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<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Startups must adapt fraud indicators as they scale to avoid increased fraud risks.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.saastr.com%2F5-interesting-learnings-from-hinge-health%2F%3Futm_source=tldrfounders/1/0100019919d8595d-5ae5c47b-ac08-4fab-9ad3-0209c8a7d2c1-000000/Y4ER2pyKCWwET46YkHJF7rkWar_4-I0PKQpaxMN9rE4=421">
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<strong>5 Interesting Learnings from Hinge Health at $550,000,000 ARR (4 minute read)</strong>
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</a>
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<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Hinge Health boasts $556M ARR with 55% YoY growth, achieving 117% net dollar retention and 98% client retention.
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