diff --git a/streamparse/cli/update_virtualenv.py b/streamparse/cli/update_virtualenv.py
index 2d32dfa..0e3bb09 100644
--- a/streamparse/cli/update_virtualenv.py
+++ b/streamparse/cli/update_virtualenv.py
@@ -67,7 +67,7 @@ def _create_or_update_virtualenv(
         puts(f"Updating virtualenv: {virtualenv_name}")
         pip_path = "/".join((virtualenv_path, "bin", "pip"))
         # Make sure we're using latest pip so options work as expected
-        run_cmd(f"{pip_path} install --upgrade 'pip>=9.0,!=19.0' setuptools wheel", user)
+        run_cmd(f"{pip_path} install --upgrade 'pip>=9.0,!=19.0' setuptools==69.5.1", user)
         run_cmd(
             (
                 "{} install -r {} --exists-action w --upgrade "
diff --git a/streamparse/version.py b/streamparse/version.py
index 4855edc..f61207a 100644
--- a/streamparse/version.py
+++ b/streamparse/version.py
@@ -28,5 +28,5 @@ def _safe_int(string):
         return string
 
 
-__version__ = "4.1.3.dev0"
+__version__ = "5.0.0.dev0"
 VERSION = tuple(_safe_int(x) for x in __version__.split("."))