Comment by claytongulick
3 days ago
Interesting, I'm curious about the changes - I know AI has drawn most of the pump & dump sharks, just like crypto before it, but there were always a set of responsible holdouts that resisted fad-tech for real value opportunities.
Are you seeing a difference there?
Yes, we are working with responsible VCs: endowments and large well-established companies in the field.
It's as if the whole industry is suffering from a high fever. This is purely my personal vibe, perhaps others might chime in with their subjective opinions.
Also a founder raising currently and big +1. VCs are off their fucking rockers.
Mad FOMO, listening to, believing, and benchmarking against actual liars (both obvious and non-obvious).
Is it different than the crypto days?
I was part of a couple raises back then and I remember every founder was being forced to find some blockchain application, no matter how inappropriate, to get any attention from the fad-tech VCs
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