> will they still be all-in on founders willing to unsustainably burn money just to incrementally boost the probability of growth From some previous experience

> will they still be all-in on founders willing to unsustainably burn money just to incrementally boost the probability of growth From some previous experience, outside of crypto - which was DIFFERENT™ - this already started changing in 2019 or so. Softbank was one of the most infamous players, and when they started to pull back, so did some others. Not that there aren't still some "huh"-inducing things - like the new thing from the WeWork guy - but it seems a bit saner-paced on the ground, and now even crypto will get its reckoning.