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Term Sheet

Fortune’s Term Sheet newsletter covers the latest news, insights, and analysis on private equity, venture capital, start-ups, mergers and acquisitions, high-value deals, and the dealmakers behind them. Subscribe to receive Term Sheet in your inbox every weekday morning. Sign up here.
A test of Anduril's Altius drone.
Newsletters
Defense tech could be entering its awkward teenage years. Is the boom a bubble?
By Allie GarfinkleJuly 2, 2026
Sean McClain wears a lab coat
Startups & Venture
Eli Lilly just placed a $40 million bet on the next injectable boom
By Lily Mae LazarusJuly 1, 2026
The VCs betting founders need a village, not a blank check
Newsletters
The VCs betting founders need a village, not a blank check
By Allie GarfinkleJune 30, 2026
Quantinuum rings the IPO bell at the Nasdaq
Startups & Venture
Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing
By Lily Mae LazarusJune 29, 2026
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
Newsletters
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
By Ben WeissJune 26, 2026
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
Newsletters
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
By Allie GarfinkleJune 25, 2026
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
Newsletters
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
By Allie GarfinkleJune 24, 2026
Probook founders (from left to right) Ben Cervantez, George Eliadis and Lewis Zhang
Startups & Venture
Exclusive: A founder who went from pressure washing to Wharton just raised $40 million to put AI to work for plumbers, electricians, and HVAC crews
By Lily Mae LazarusJune 23, 2026
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
Newsletters
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
By Ben WeissJune 22, 2026
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
Newsletters
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
By Allie GarfinkleJune 18, 2026
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
Newsletters
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
By Allie GarfinkleJune 17, 2026
Alexandra Debrow flocked by her cofounders
AI
Exclusive: How college photo-sharing app Swsh became an AI-powered fan data business backed by Scooter Braun
By Lily Mae LazarusJune 16, 2026
The SpaceX IPO marks a lopsided win for venture
Newsletters
The SpaceX IPO marks a lopsided win for venture
By Allie GarfinkleJune 15, 2026
SpaceX headquarters outside
Startups & Venture
SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
By Lily Mae LazarusJune 12, 2026
A man in a suit jacket gestures with his hands.
AI
SpaceX is about to make history—and 80% of VCs won’t see a dime of it
By Amanda GerutJune 11, 2026
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AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AIplaceholder alt text
By Marco Quiroz-GutierrezJuly 5, 2026
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of livingplaceholder alt text
By Preston ForeJuly 4, 2026
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggsplaceholder alt text
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
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