Just a Teng supporting founders building the next big thing 🚀
I’m Janelle Teng, a venture capitalist focused on AI/ML + data infrastructure at Bessemer Venture Partners. I’m passionate about supporting founders from highly technical and/or research backgrounds. In this newsletter, I share long-form reflections and deep dives into startups, venture investing, and AI/ML trends — always backed by data and first principles.
Here are some samples of what you can expect from my writing:
Software trends in the public market: Did growth endurance endure?, Unraveling SBC overhang in SaaS, When the valuation hangover finally hits, SaaS: Have reports of my death been greatly exaggerated?
Private market fundraising trends: Dirty Term Sheets, Schrödinger’s Startup Paradox, Unicorns are dead. Long Live unicorns!
Investment thesis: AI Infrastructure Roadmap, Leading Moonvalley’s Seed
AI/ML observations: AI’s Linux Moment (Chapter 2), SLMs vs LLMs, AI’s reasoning quandary
My short-form notes are published via X @NextBigTeng!
