Comment by estearum
3 days ago
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).
3 days ago
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
AI is sucking up orders of magnitude more capital than blockchain. So it's not like there is a segment of VCs who are fad-tech and obsessed with AI. The entire ecosystem is distorting around mega-companies and people who can believably say (usually by lying) that they will be a mega-company. And "mega-company" means something much much much bigger than it did even 5 years ago.