“Here is the state of venture capital in early 2025:
Venture capital is moribund except AI.
AI is moribund except OpenAI.
OpenAI is a weird scam that wants to burn money so fast it summons AI God.
Nobody can cash out.”
With his typical thoughtful restraint, nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqlp8g53arwwh0tf7d57rd3jkfcvmnje6svs4wqxsfrpmtey29n9yqlcyq8e (nprofile…yq8e) has told some hard truths:
https://pivot-to-ai.com/2025/05/03/in-2025-venture-capital-cant-pretend-everything-is-fine-any-more/
#ai #vc #hopeisnotastrategy