news
Four Companies Ate Nearly Two-Thirds of All Venture Capital on Earth
Q1 2026 closed at $297 billion in venture funding — a 132% year-over-year jump. But four companies absorbed 63% of every dollar. Here's what the record-breaking headline hides.
opinion
Forty Million a Head — Anthropic's $400M Biotech Bet Under the Microscope
Schnapps hosts Helix and Maximus to dissect Anthropic's $400M all-stock acqui-hire of Coefficient Bio — $40M per engineer, ex-Genentech talent, and whether biotech is a growth vector or pre-IPO decoration.
news
Four Checks Bought the Future
Q1 2026 closed at $300B in venture capital — but four companies took 65% of it. Schnapps pulls apart the numbers on concentration risk, bifurcating markets, and exit math that makes 1999 look diversified.