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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Latest Issues

R136 Ventures Growth Digest #13: SpaceX IPOs at $1.75T, Anthropic Overtakes OpenAI, AI Premium Holds

The Operator’s Lens

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

Last month we said only hard problems get liquidity. Turns out the market heard that and decided to price accordingly. SpaceX...

4 days ago
1

What 29% of the Fortune 500 figured out about AI that the rest haven't

I spent years buying enterprise software.

Not as a VC, but as the guy running a 20,000-person technology organization inside one of Europe’s largest banks. I signed the checks and sat through procurement cycles, so I know how long it take...

19 days ago
5

How Losing Her Best Friend Led Eugenia Kuyda to Build Replika

What happens when AI stops being just a tool… and becomes a relationship?

In this episode of Ventures from the Valley, host Victor Orlovski speaks with Eugenia Kuyda — founder of Replika and Wabi — about the future of emotional AI, AI...

a month ago
3

R136 Ventures Growth Digest #12: IPOs Pop 40%+, SpaceX Pushes to $1.75T, Infrastructure Wins Again

The Operator’s Lens

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

What's interesting is who got through the IPO window. Cerebras, Fervo...both traded up 40% on day one, both infrastructure play...

a month ago
7

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...

a month ago
6

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  • 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

  • Ratan Manehani
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