Scaling Fast, Lending Faster

LFG Ventures presents a weekly newsletter delivering private market (pre-IPO) insights and signals across tech and frontier industries.

Hey friends,

From AI infra breakthroughs to fintech’s next chapter, this week was anything but quiet. OpenAI restructures (again), Strike proves Bitcoin-backed credit demand is real, and Lambda brings the heat — literally — to Texas.

📡 Radar 

🏛️ OpenAI Reaffirms Nonprofit Control Amid Leadership Changes

OpenAI will remain under nonprofit control, converting its for-profit arm into a public benefit corporation (PBC) to balance shareholder interests with its public mission. The nonprofit board will appoint the PBC’s board, with initial members likely drawn from the current nonprofit leadership. ​Read more on OpenAI

⚡ Strike Launches Bitcoin-Backed Loans, Hits $10M in Two Days

Jack Mallers’ Bitcoin payments app, Strike, has introduced a new lending feature allowing users to borrow fiat currency while retaining their Bitcoin holdings. The service, which offers flexible terms and no credit checks, reached $10 million in loans within two days of launch. Read more on Crypto

🤖 Anduril Acquires Klas

Anduril Industries has announced its acquisition of Klas, an Irish firm specializing in rugged edge computing and tactical communications. This strategic move aims to integrate Klas’s hardware solutions with Anduril’s AI-driven Lattice platform, enhancing the deployment of autonomous systems in challenging environments.  Read more on TECHi

💰 xAI Teams Up with Palantir and TWG

Elon Musk’s xAI has joined forces with Palantir Technologies and TWG Global to develop AI applications tailored for the financial services sector. This collaboration aims to harness xAI’s advanced AI capabilities to enhance decision-making and operational efficiency in finance. Read more on Reuters

🔌 Lambda Powers Up in Texas

Lambda is teaming up with Aligned Data Centers to open DFW-04, a cutting-edge, liquid-cooled facility purpose-built for AI. This new hub in Dallas-Fort Worth is optimized for high-density GPU workloads, reinforcing Lambda’s role in scaling next-gen infrastructure. Read more on GlobeNewswire

📣 Updates

🔦 Portfolio Spotlight: Eight Sleep

Eight Sleep didn’t just upgrade our sleep — it broke every other bed. Now when we’re traveling and get that “Pod is cooling” push, I sigh… because nothing else hits like it. Once you try it, you won’t want to sleep anywhere else.

Sleep score: 87. Solid — but the Pod demands more. Chasing that 💯

🧢 Gear Drop: LFG Hats

These aren’t just hats — they’re a statement. We’re backing American dynamism: building fast, building bold, and building here. Flag on one side, Accelerate on the other — because this isn’t a season of slowdown.

🤠  Austin Roll Call 

Chris and Rob will be in Austin the week of May 26. If you’re around and want to catch up, grab a beer, work out, or go for a walk — let us know.

This prompt hits different — and it’s worth sitting with for five minutes:

💬 Prompt

Ready when you are.

Write a letter from me, 5 years in the future, to my present-day self — warning me about the one thing I’m not paying enough attention to.

🧠 Wisdom

💬 Quote of the Week

Steve Jobs explains why motivation can’t be forced:

“​I’ve never found in my whole life that you could convince someone who doesn’t want to work hard to work hard.”

🎧 Airwaves

Two of our favorite podcasts — Invest Like the Best and Founder’s Podcast — just teamed up for an all-timer. Patrick O’Shaughnessy and David Senra dive deep on the most legendary founders in history, drawing sharp lessons from stories that shaped entire industries. If you’re building, investing, or just obsessed with excellence, this is one you don’t skip.

🔭 Perspective

Focus on less to do more. When everything feels urgent, clarity becomes your edge — doing fewer things with precision isn’t laziness, it’s leverage.

🤝 Get in the Room

Private investing for (almost) everyone*

We are a curated network of exceptional angels, VCs, family offices, founders, and industry experts investing in pre-IPO companies. We back sharp operators and high-leverage deals. We move fast. We bring value. We don’t miss around the edges. Deals don’t wait. Neither do we.

*Vibes and values must be aligned. Must be an "accredited investor."

Stay informed and ahead of the curve,

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