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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 resp
by claytongulick 1mo 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?
- cyberax 1mo agoYes, 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.
- estearum 1mo agoAlso 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).
- claytongulick 1mo agoIs 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
- estearum 29d agoAI 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.