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x-width: 460px; padding-left:5px; padding-right:5px;">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
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<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyJomiYmuMZ=
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r" alt=3D"" src=3D"https://img.pitchbook.com/news/73494.jpg" style=3D"borde=
r: none; width: 100%; height: auto;"> </a></td>
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Earlie=
r this week, OpenAI confirmed it's shuttering its Sora consumer app, adding=
that the move is part of a larger redirection of its resources to other pr=
ojects "as compute demand grows."<br><br>
While the decision=E2=80=94just three months=
after Disney agreed to invest $1 billion in OpenAI and license some of its=
characters to Sora=E2=80=94seemed abrupt, a closer look at video generatio=
n economics provides some answers. OpenAI is also barreling toward an event=
ual IPO, so a tougher look at its cash flow is in order.<br><br>
Sora's initial consumer acquisition was stro=
ng: monthly App Store downloads peaked in November at more than 3.3 million=
. But by February, downloads had dropped to around 1.1 million, signaling l=
ow user retention, according to mobile intelligence firm Appfigures.<br><br=
>
To industry observers, Sora seemed to rely o=
n novelty to attract users but couldn't figure out how to make them stick.<=
br><br>
I'm Rosie Bradbury, and this is The Weekend =
Pitch. You can reach me at <a href=3D"mailto:rosie.bradbury@pitchbook.com" =
style=3D"color: #1D5080;" test=3D"">rosie.bradbury@pitchbook.com</a> or on =
X <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyrq1KH5ellgbx17xk=
pj7YGQ-3D-3D8nYP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10=
nGokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF=
2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7=
Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa1J0N1L8toLSRhiflwcq2IfW5AT6hHwkgh8kJmlrSj6z0=
nTJqjRreWnsIi-2B4vVWE9wigFH41Lf5a9hA5NPgOn6jPxUp2lZzSKsxz5htPdRJogDkZijYhZt=
SMKw0N9B8GWRqiuNesczS4XFU7nJRzOQ-2FoNGt8PAk1i-2FmTuNuwCfhTXjxAXiFX6gyySjXxx=
53aueKF-2BC080QulECgA2X2GtjQSPiWX0yUDAkUNDA0cgkL6FF3Jmv9BlCboNr4GPoxIHiZqqB=
kR7SeEhNOxqixFr2f" style=3D"color: #1D5080;" test=3D"">@_RosieBradbury</a>.=
<br><br>
"Models like Sora, they're amazing, but they=
're slow to generate the video," said Alberto Taiuti, the former CTO of AI =
video model startup Luma AI, who is now building Reactor, a stealth-stage s=
tartup working on real-time video AI. "So people who are not full enthusias=
ts, they're not going to engage."<br><br>
At the same time, the cost of running Sora h=
as been hefty. OpenAI mostly subsidized queries to drive more users to the =
platform. Forbes estimated that the company was burning $15 million per day=
for a period of time last year on its AI video generation product alone.<b=
r><br>
Because every image in the frame is processe=
d individually, generative video is currently many orders of magnitude more=
cost-intensive than text-based models. "At minimum, every second is 60 tim=
es more expensive than running a single image model, which is itself more e=
xpensive than voice," said Eylul Kayin, partner at Gradient Ventures.<br><b=
r>
Passing on the full inference cost to the co=
nsumer is a tricky proposition. "At the end of the day, just turning on a s=
ingle Nvidia H100 is like, $2 an hour. For you, a regular user, that can st=
ill be expensive," said Michael Lingelbach, co-founder of AI video generati=
on startup Hedra.</td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
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me=3D"n_579099" id=3D"n_579099" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
font-weight=
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private market professionals who matter most </span></td>
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">PitchB=
ook helps companies reach investors, executives, and dealmakers through hig=
h-impact advertising and bespoke research. Partner with our analysts to cre=
ate data-driven content or connect with our audience through targeted place=
ments across newsletters, reports, and PitchBook.com.<br><br>
Clear insights. Trusted data. Meaningful rea=
ch.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyPQAkNa5=
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ZbcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjB=
h6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKx=
ia4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDM=
klSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa1UCd8OFNWrQyVYJd4sR516dgKCU5W-2F1WF=
G1IynRr1Gn-2F41-2Fvy7QXWiP8QJSOXnXhfQUk2Tit6vbbombneeirQgG6hXjTcrcxC4H7kJuS=
UOiZtq3xSxHIbf-2FlfmuxTPrCReC6NeBLzUArbPcFmXJmVpZLWuvBtQeXC-2BrMzt7UPALew8D=
uMhzQ-2BK9mxKSEVdkVNumsuckAuoY-2FvDWj19GA0wGhMlQ-2BQIiDE4vUp9Fyfg9e26hd4pfh=
Vsqtne3oqI9GFzih9unIizAWYJnXN6pedS" style=3D"color: #1D5080;" test=3D"">Exp=
lore advertising and custom research opportunities</a></td>
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0%">
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0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> =
=20
<center>
<h2><b>Trivia</b></h2>
</center></td>
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
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<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyYMkivW-2B=
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qbZaWQXV45LqgVB0NIwuc55dtwKAl4GVEafJPs-2Blg0Zbp6mkZySoHegKWrvHyOoMowp5ZYnjq=
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t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;=
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<table border=3D"0" cellpadding=3D"0" cellspa=
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0%">
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<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">After =
Arizona's attorney general filed the first-ever criminal charges against Ka=
lshi, the prediction market startup was in talks for a $1 billion round at =
a $22 billion valuation, The Wall Street Journal reported. Sports betting a=
pp FanDuel was acquired by Flutter Entertainment last year in a deal that v=
alued the company at how much?<br><br>
A) $11 billion<br>
B) $21 billion<br>
C) $31 billion<br>
D) $41 billion<br><br>
Find your answer at the bottom of The Weeken=
d Pitch!</td>
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<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>ICYMI</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A sele=
ction from our most-read articles of the past few days.=20
<ul>
<li><b>Larry Fink says Social Security needs =
a revamp.</b> The BlackRock chief executive called for Social Security fund=
s to be invested in a broader range of wealth-generating asset classes. <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyNacZjCOuPtidS2hRD=
51eOA-3D-3D68Aw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10n=
GokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2=
jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7X=
dmu0oWsMqsCh6VIFn0NP09hNGM3pTa3smlTE107IPdkYGhA3AvQ8-2FvKtyZDQT9Odi10owCfSq=
kja1qq1pWEO7Smqs1Z5WWNS8lRF0gMsqepwiLqSzNTqg5WYGgVKEzD1lpV2KD7847kEG4U1bDM1=
4Ju3RNiq-2FMNAiSKO-2BcyUm-2Fox6dONt4cMTdNfWp9lwHn6dnKZCFPYSJZVEP811t1p6ftZD=
aifmr5mJ6QCwPDTPMtXPVSkPy-2FrbZpEppMFjvdUv2pGWIlU3htsQiPtIE2Lz1eIT6H0ujVxWh=
aSbi6CI5fKqvYi3b6R" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
<b>Read more</b></a><br>
</li>
<li><b>SPACs are narrowing in on quantum comp=
uting.</b> Finland-based IQM and France-based Pasqal both announced SPAC me=
rgers within weeks of each other, signaling a broader trend of SPAC activit=
y in deep tech. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZ=
dy3nNc9JH5MhP9YO-2Fx7ABclg-3D-3D1PRf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5Y=
FCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8N=
pQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ=
-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa36nOJS8jX0KuO0pyHvLzuukj=
hWLZYO7-2FPuJzMwGnqxvV9l6JnJkuGx7db2AsVlFXlzknqJRJUeLeIwrzzoXh1L8BB7aBiihCZ=
m1Se7TkKdFDV6c5MwDWvYlrv3EOG1NYbvrTvzqvRWEsQv7C0iVIYGGIbiunBfwI-2B7IMX46DwM=
kFznNaGtBVbIQ8AuJlBSPHgw6D8PMQqTmi83cwsMh9vkG-2FdTSFbvkMuLaM2-2BzOaiNLFuy0H=
KUWJk50vp3lDUsBvcCYEuiMgzSDnZoubOUuM2" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true"><b>See the article</b></a><br>
</li>
<li><b>What does the White House's AI regulat=
ion framework mean for AI startups?</b> Federal laws could significantly im=
pact the future of VC investments in AI, including a potential ban on US st=
ates regulating AI. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufP=
FIZZdycK43j6J9B1vWz3Pw4S7QWA-3D-3DomEt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM=
5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh=
8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09=
iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa0oSpaC99cEOrk4uNpitWxP=
jPcp4axtnlbK8VMviRkHbYHL8B4SMXwe9NACR9NnBqIdkjZr6zcpJvdopY56d5-2FnfformN6Ia=
rtI9GHR2nZcB5zcTmUzkhX3BTIoSxA9op6iR2ggutcU-2FqwifcIIan2qwWYOOC4Uv2-2Bp-2Bs=
b9OgEwFOcsawGmFK1iICUUIReZAdWTqymBQ-2BM8BnXLGpcdT48gCyqcv9T5NoCioebZJQ4oECS=
O6nmbrvnMLFRY3YFHMUSeRWfh0zATnSap-2FnKBpyLw" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true"><b>Get the analysis</b></a></li>
</ul></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Quote/Unquote</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=9CI see Europe being a major player in the global AI space and doing it in=
the next few years, driven by physical AI. One could look at the LLM space=
and say that the race is already won. But, in physical AI, the race is wid=
e open, and Europe has a chance to play.=E2=80=9D<br><br>
=E2=80=94Luke Alvarez, the London-based foun=
der of Hiro Capital, who co-led Yann LeCun's physical AI startup AMI Labs=
=E2=80=99 $1 billion seed round. As AI innovation moves past LLMs and into =
physical world models, some investors think European startups can take the =
lead. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyrMBLpAYS=
IZjCKQncZEEXlg-3D-3DlpXf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh=
6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxi=
a4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMk=
lSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa071PEPOsv820OjXjCWbuXI-2FmtfBwWDnEeH=
uFWsS2fjlCiUxFoun2nlMzalgE9m7O4wDVWcysrday8nBPeW-2B9TDnCr-2FFZi95O2jUJmwkRl=
B-2Fg9HLGpAflnvL412ZBsTM-2BXzFumiUAHVs4hb8GkedW7TRx-2B6WXZvbgDgiCRIDuiNLo7e=
jOsXpyaiO7YgvbwegpYFE14u9RkDeBSa1A5zvVppckV6advORh1NbjjdG7BJbUPo-2FyMujOPMX=
Nvg6BQsqY0tkixW-2F2Ri8TQUtXMp9ff9" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Read more</a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Stay tuned</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Keep a=
n eye out for these insights and research reports coming out this week:=20
<ul>
<li>Q1 2026 PitchBook-NVCA Venture Monitor Fi=
rst Look</li>
<li>2025 South Korea Private Capital Breakdow=
n</li>
<li>2025 Annual US PE Lending League Tables</=
li>
<li>Analyst Note: AI Impact on Automotive Man=
ufacturing</li>
<li>Analyst Note: Impact of High Oil Prices o=
n Private Markets</li>
<li>Analyst Note: European AI</li>
<li>March 2026 Global Markets Snapshot</li>
</ul></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Trivia</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Answer=
: C<br><br>
Sports betting company FanDuel was acquired =
for $31 billion by Flutter Entertainment in 2025. The current wave of regul=
atory concerns hitting prediction market startups is not dissimilar to what=
sportsbooks like FanDuel faced in the mid-2010s. Read more about regulator=
y hurdles for prediction market startups <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzXRfNOvRz1OnhnufPFIZZdyYMkivW-2Bffg4wlUwnuCDpRQ-3D-3D-AAi_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2=
BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BXS=
d0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4=
oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pT=
a3LfACd4sUa-2F-2BLfuVZqtDmMqepR2uE3yW-2BB-2FcGnNzHGgMfvfHJTnPRL7PrKXuynLSyL=
Yoobrjr9GIJypLcY2L2uYXWROPFWXBoC6yJm8-2FwPmkiQ4U53dOfD45XiPDDHcTJ4VrdC57Boa=
NazgYAb6JNq4ggVxlv50D8ZYf3r3MDqHfsd4OUuoTUk5HUVDvkcLRq91oWNSUc5PC9lYKsEY-2F=
fS8zVKeC9NRqXE5PwTNWi53ZmAHlCEf12JxiTkLdzzn8vYxzBsehM6neHjzO6kgSYF" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">here</a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Sign up for our newsletter</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">This e=
dition of The Weekend Pitch was written by Rosie Bradbury and Nadine Manske=
. It was edited by Kia Kokalitcheva and Ron Prichard.<br><br><em>Were you f=
orwarded The Weekend Pitch? Sign up at <b><a href=3D"https://url6380.news.p=
itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzXRfNOvRz1OnhnufPFIZZdy-2BzYbM-2BDV-2FNlmGCRgEtwd7g-3D-3DPFjD_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-=
2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BX=
Sd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr=
4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3p=
Ta3Vc51mDdciOeY5DuqVGFiC6zT2j-2Bnr0eTN3RgaHAyS-2ByvZFp1KEP90LYkgoTZFLPU8Q-2=
BPU-2BsaIAEqEhHYn2kkAHyGQtwQ581WZNVkIlbmaLIszbn2uIqTaqSRO26t1o0-2Bki4lJJXa7=
PWEpAp4C9D2WvyLmgkwU0-2FKEJP6U-2FBCoItXH4U7YgiQwNtnzvjMwv3BV50gclX3xVkm37lx=
f0mQtvn0BEjqtO-2BX0Es-2BrJ35mq4Ndyp9V6mp0r0jZW2G47hT4ev-2BQgmi7sBFU9CDraSUX=
" style=3D"color: #1D5080;" test=3D"">pitchbook.com/subscribe</a></b>.</em>=
</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td>
<table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 5px; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td align=3D"center" style=3D"font-family: Roboto,=
Arial, sans-serif; font-weight: 700;
font-size: 14px; line-height: 27px;=
color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since yesterday, the PitchBook Platform added:</td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
<tbody>
<tr>
<td style=3D"display: inline-block; width: 33.=
3%; min-width: 33.3%;
text-align: center; flo=
at: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
9
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Deals
</div></td>
<td style=3D"display: inline-block; min-width:=
33.3%;
width: 33.3%; text-alig=
n: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
163
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
People
</div></td>
<td style=3D"display: inline-block; width: 33.=
3%;
min-width: 33.3%; text-=
align: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
98
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Companies
</div></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
<tr>
<td align=3D"center" style=3D"padding-bottom: =
13.3px;"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn=
:schemas-microsoft-com:vml"
xmlns:w=3D"urn=
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t:43px;v-text-anchor:middle;width:148px;"
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<w:anchorlock/>
<center style=3D"color:=
#000000;
font-fami=
ly:Roboto, Arial, sans-serif;
font-size=
:12px;">
Request a free tria=
l
</center>
</v:roundrect>
<![endif]--> <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
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m9v3J1hv" target=3D"_blank" style=3D"display: block;
font-family: Robo=
to, Arial, sans-serif;
font-size: 12px;
color: #000000;
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none;
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text-align: cente=
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padding: 9.5px 21=
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border-radius: 99=
9px;
background-color:=
#F79B3E;
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Request a free trial </a> </td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td height=3D"20" style=3D"line-height: 20px;"> </td>
</tr>
</tbody>
</table></td>=20
<td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;"></td>
</tr>
</tbody>
</table></td>
</tr> =20
<tr>
<td>
<table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
ding=3D"0" border=3D"0" style=3D"min-width: 100%;">
<tbody>
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<td width=3D"460" class=3D"container">
<table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor=
der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;">
<tbody>
<tr>
<td style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c=
enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWow-2B6Si29O=
VpOsEaK8U28nA-3D-3DWQzP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6=
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4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMkl=
SL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa3vyjL-2BdEzEOPN9hy2WSspE1fl1pYo4AF8t7=
1bbwiIf4lbQNnsBIGpkk4iW7KhgofllOqGW1mrfSWuqZCTqp5oVDHJzTKRNjiHes-2FUF7ZSUvw=
1Z52Mz-2FcvM8DXxvPWJoHDv9u9-2BY-2FI-2FfjnslcUj85HB53vyuYALGhtitiJZ9Bbe5X9Tg=
iTqqkujyDO0Rx-2F30xq522jdVcS95UXJNMxrcsDAY8yFWPFkZNBHxlumiWYQrkI9JeM4Ob5lKH=
UUsdzuDc2jnNoMYCE-2BMidRFACOmbfD" target=3D"_blank" style=3D"text-decoratio=
n: underline; color: #1D5080">About PitchBook</a> | <a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWcZ476jgL4UjyVERCVDPhvA-3D-3DOLy6_I3w5=
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n02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8XY2d=
c-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2Fj3D=
pbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn0NP=
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qITFYDEZpIAz5SKpTYy2-2Fk3e1hwbOLLgpCdfyiJKyQ-2BCU6BQqU3UGV9NzYrUAMQRwvQ27p9=
H4bWz0xAJHgkOOYRZb0ZFWgiHxVTgAuRYNfMPTCXHZ6hwvF3nVxdinDac6s1EZte6FiywZbR4jI=
eu39zgL46tqmQzSST4LibubJ3zvss5oJ72hgjKieDH7alRWgXkv7eUSVNWFvYU96inKQeOd" ta=
rget=3D"_blank" style=3D"text-decoration: underline; color: #1D5080" univer=
sal=3D"true">Terms of use</a> | <a href=3D"https://url6380.news.pitchbook.c=
om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHkBAowy=
11XzxlrzcZavUW7XVkf8meUHJnRmAUaxFKAg-3D-3D2nIW_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA=
64Ah1xlM5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqY=
LluFxkQh8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZ=
yfjkEj09iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn0NP09hNGM3pTa1ylEiFO1w-2Bgl=
zI3qyMKE7Eo2OcuYgnIWykjMrtCqWShD3VZetoPYDlsG4as2Snme8ErZsF9uG3K1NV238hHBb0G=
3Ds2lKciU5dsWX6uEVyfH2RvjAdxnWH7mXEcuSD7Yfq-2FCaDRkya0hkKbcydXtLfRYke3Rvi40=
mb-2BA31dmW-2FezUfPsipl7km8GIw8672WrFAviinbh6CNLHJCh3yk5F4Z0Y6PJoDU3ltWkgRe=
VVBZz45izZ6PjNxROjzQIcvDeb-2BxrmuWOVVfF0cOczdMOLx" target=3D"_blank" style=
=3D"text-decoration: underline; color: #1D5080">Advertise with us</a> | <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWVQ88CnFYQIncUbZ1r=
FIB1w-3D-3DHqv9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFE61VCHW3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10n=
GokhZJLmWJYzGQe8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2=
jIx-2Fivq74URL-2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7X=
dmu0oWsMqsCh6VIFn0NP09hNGM3pTa12ZId6peRPfNFkCScZBq4hEmK-2FvKEzSoSuA3Gb6vTXs=
vVU3uq1h46NzKj9H15tkU-2BoZCXGH6x0Skug7RR8pS2r40OIwn5lnxWCiJ6noXq9PWwf0HcZH-=
2Fvr0gVWsMwp5fWS2LiOgo7uOmmSeSvmd4-2F0iF5PqjBAEnuGdRdaGnmlzZQcJ-2B0aqY5mYOd=
nWm3jdgsJjHhBSkAHKCDVijww0TEDDTRDzgVEAwhtiYkkN4n6tb0bDzBFB5agZ3qQF9KZes5mJD=
nLC7qhVZWJWKotmtRR" target=3D"_blank" style=3D"text-decoration: underline; =
color: #1D5080" universal=3D"true">Contact</a>
<table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"=
border=3D"0" align=3D"center">
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<tr>
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<table cellspacing=3D"0" cellpadding=3D"0" border=3D"=
0">
<tbody>
<tr>
<td style=3D"padding-right: 10px; font-size: 10px;=
">Follow us:</td>
<td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWH3STJ-2B3OjwjQQTRdh6XNdg-3D-3DLssM=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCH=
W3Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe=
8XY2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-=
2Fj3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VI=
Fn0NP09hNGM3pTa1zSSkVLfuVhWAKF456rMtl41zv1y2ceyJo4PVgpFU1SrG5bUzqm-2F-2Bd7h=
Lmp-2FM8Ta8cHy8TNUDqjNLHOiXBteft-2FcZkuFjguLDWMPe0451Shjx5t6l-2BKWRqCLubs5D=
El6sBrPHmCo-2BpW77gQAwqC-2FTxoEQz1VKaflwHZJlxVAS-2FHE69a7TQpbOp25u0yOmCSMs3=
7xSBFWbHfItMbekRa-2BCzRH3YDnXxn3GqQuWKBK9XOhkhjlnslchkbRuUxCFnnVvdPs2EXOGlb=
7YuaaFA2oEG" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D=
"https://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" height=
=3D"25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align:=
middle;"> </a></td>
<td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWRl6RbNGSQJudJYy9H2NBSw-3D-3DiCnG_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFE61VCHW3=
Kmin02CeTv-2BV1FlAjlAI170kA64Ah1xlM5YFCk7f3VNfjBh6HwWjY10nGokhZJLmWJYzGQe8X=
Y2dc-2B-2BXSd0m5buDjN9glJqYLluFxkQh8NpQ39xNCgqKxia4jSdcPF2jIx-2Fivq74URL-2F=
j3DpbL7qfBr4oMoQqq0nS8NLVcZyfjkEj09iZ-2FEA1a3jDMklSL4D3d7Xdmu0oWsMqsCh6VIFn=
0NP09hNGM3pTa2gZR9zXguUpUeg9kar4nONG7jzyMF-2Fx803amJcaughvD1xzYA9bxAprKbuHc=
-2Ffk5QX-2FJPZCTd0zmWdDbsu7Q1EcVgNk3OEi7In9iIIbGy95IrdY2TBdjtmW-2FSKbX9v8pG=
XMAQMNvX8HFXUeWYnY8e5EYo7iPKvwxzD0mWzEbJWkJfMqnUvV4A5MJdnYJEF0QH2lPuwYjRAl3=
fT520SBGOv3sNYvYL-2Fdkh2f-2B26kYDOUdM29hci6WJktOdTcnb5DG5RCMVoKL4gFJ4vBumOd=
PN6" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https:/=
/fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D"25" alt=
=3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"=
> </a></td>
<td><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHkBAowy11X=
zxlrzcZavUWKAbY0iMeqaqJThBaEEYcpw-3D-3DPoFq_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
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