#195 Markets Go Up (& Post-Election Takes on VC)

👋 Hi, I’m Doug! Welcome to @TheFundCFO crew! Every Tuesday/[Thursday], we publish VC/CFO insights that matter - highlights from notable VC GPs, LPs, and CFOs/finance pros. Check out our VC Fund Playbooks, Models, Budgets, & Compliance Checklists @ AirstreamAlpha! Love what we’re doing? Consider upgrading to paid for deeper dives on Thursdays (most paid subscribers expense these insights!).

---

Picture of the Day: CNBC Homepage on Wednesday, November 6th, 2024

---

The Latest & Greatest Fund CFO Posts

• #192 What Makes The Best VCs The Best?

• #191 Top VC Reads & CFO Takes This Week

• #189 VC Monitor Report Deep Dive (Q3'24) & Exit Predictions (DPI)

• #187 VC Fund Launch Unpacked! Insights from VCs & CFOs

• #185 Starting a VC Fund - Playbook Insights

• #183 VCs Closing Q3: Expert Mode w/ Our CFO Checklist

• #182 VCs Closing Q3 w/ Playbook, Model, Valuation Updates

---

Markets Go Up - Commentary & Charts

On Tuesday, November 5th, 2024, an election happened in the USA. That has been covered ad nauseum and you can see the results in the headline pictures above. So now what?

The market gave a strong answer in Wednesday, roaring to new highs across a number of US stock indices and sectors, including AI & blockchain. One thing to watch are the 10Y US Treasury yields surging to 4.4%. If this continues, higher borrowing costs could persist.

Meanwhile, It’s worth looking back on our commentary on this from the summer: #167 How This Ends (Fred Wilson & More). In the meantime, here are some charts worth taking note of as we think about investing across asset classes, including venture capital:

---

The VC Recap & Big Winners

“Donald Trump swamped Harris last night. It’s a huge victory for Elon Musk, Shaun Maguire, Keith Rabois, Jacob Helberg, Joe Lonsdale, Palmer Luckey, Marc Andreessen, David Sacks, the All-In Podcast, Founders Fund, and everyone else in Silicon Valley who enthusiastically jumped on the Trump train.”

“This summer, I mocked the Andreessen Horowitz founders for making a late stage bet on Trump but I guess like some of their growth stage deals, they bought high only for the haters to watch a16z’s bets soar higher.” - Eric Newcomer

---

TheFundCFO Takes & Final Thoughts

As we move into the final two months of 2024, capital markets appear to have found a solid footing and continue to move higher. Certainty around the US election is a good thing as investors can now make decisions with greater clarity around the next US president.