I'm not in the valley, so can't comment on that directly, however, I can comment that many VCs (US and abroad) have lost the "venture" part of VC, and that has

I'm not in the valley, so can't comment on that directly, however, I can comment that many VCs (US and abroad) have lost the "venture" part of VC, and that has hurt innovation. For more than a decade, the focus was on building SaaS businesses that eked out minor efficiencies in the market. The incentive was not to think big and try to build challenging things, the incentive was to do something simple, that would guarantee a return without much thought. Don't hate the player, hate the game. (is that the saying?) For the past 12 years, I've been in deep-tech, and though I am starting to see a change in attitude towards deep-tech companies, I feel like an inordinate amount of that focus is going to anyone who claims to be in AI.