Reletter
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Regular insights on late-stage venture, building elite teams, navigating exits, and more – delivered by operators who have been in your shoes.

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Substack
PricingOnly free issuesPublishesWeekly
Issues68Foundeda year agoLast Issue5 days ago
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Artwork for R136 Ventures

Latest Issues

The AI Security Problem Nobody Wants to Talk About

For decades, enterprise security worked like an airport. You secured the perimeter, checked the bags and scanned the passengers at the gates. Inside the perimeter, you monitored the authorities, the people with access: system administrators...

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How HighLevel Won 70,000 Marketing Agencies Without a Sales Team - with Robin Alex

What if you could build a multi-million dollar SaaS company… without a sales team or paid ads?

In this episode of Ventures from the Valley, host Victor Orlovski sits down with Robin Alex, co-founder of HighLevel — an AI-powered busines...

13 days ago

R136 Ventures Growth Digest #11: SpaceX Breaks $1.25T, Nuclear and Biotech IPOs, The Market Sorts

The Operator’s Lens

Welcome to April’s growth newsletter, where we track what matters in late-stage venture.

April showed where the money is: nuclear reactors, obesity drugs, proteomics, and AI chips. The late-stage market hasn't froz...

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What $285 Billion in Losses Tells Us About the Future of Software

A friend of mine runs company with over 5,000 employees. A few months ago, he hired four vibe coders after finding them in a Facebook group.

In three weeks, those four people built him a full Notion replacement. Custom, internal, deployed...

a month ago
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How to Build a $1T Venture Platform with Daniel Dippold

How do you build companies worth hundreds of millions - and aim for a trillion-dollar venture platform?

In this episode of Ventures from the Valley, host Victor Orlovski sits down with serial entrepreneur Daniel Dippold.

Daniel is a 3x fo...

a month ago

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Authors

The writers behind this newsletter.

  • Denis Efremov

    Principal @ R136 Ventures, focused on b2b and fintech startups, occasionally angel investing. Author @ VC Happens (Substack).

  • Ratan Manehani
  • Victor Orlovski

    20+ Years in Tech & Finance Leadership $400M+ in Capital Under Management General Partner R136 Ventures Built and scaled a digital bank serving 90M consumers WSJ Bestseller & Award Winner Member of Forbes Business Council in San Francisco

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