Welcome back to The Learning Corner by Precursor, hosted by Mia Farnham and Charles Hudson. After a quick break for the Fourth of July, we’re back with a jam-packed episode covering some of the most thought-provoking conversations in early-stage venture. In this episode: We explore the concept of the adopting parent investor, how VCs can step into existing board relationships with thoughtfulness, transparency, and full commitment, based on Micah Rosenbloom’s recent reflection on partnering with founders after transitions. We unpack a dense and valuable discussion from The Peel between Samir Kaji and Turner Novak on fundraising, secondary dynamics, and the impact AI is having on how GPs and allocators think about portfolio construction today. We break down a sharp framework from Emergence Capital on pricing AI software. From labor budget shifts to outcome-based pricing and managing LLM costs, we dig into what’s changing,and what founders need to watch out for.