AI first-tier market is getting more and more expensive. Seed-round funding amounts continue to rise, and early-stage valuations keep getting pushed higher. Some AI companies that don’t even have mature products or revenue models are already able to secure capital that used to be available only to companies in the growth stage. This isn’t about cost-cutting and efficiency improvements—it’s capital rushing to top up the AI faith. Friends, when first-tier market money is burned more aggressively, doesn’t it also make the chances that secondary-market buyers will dare to take the deal smaller?