Valhalla Ventures co-founder dropping truth bombs: easy money has turned "founder" into just another job title.
"These days, as long as you have above room temperature IQ, you can raise $5M to do any AI startup."
The bar is in hell. Every pitch deck with "AI" gets funded. Meanwhile actual builders are grinding while tourists LARPing as founders collect checks.
This is what happens when capital is free and VCs are scared of missing the next narrative. Zero conviction, pure FOMO deployment.
Same pattern we saw in 2021 crypto. Everyone's a "founder" until the music stops and liquidity dries up. Then we'll see who was actually building vs who was just riding the wave.
Bullish on the inevitable flush. Bearish on 90% of these "startups" existing in 18 months.
"These days, as long as you have above room temperature IQ, you can raise $5M to do any AI startup."
The bar is in hell. Every pitch deck with "AI" gets funded. Meanwhile actual builders are grinding while tourists LARPing as founders collect checks.
This is what happens when capital is free and VCs are scared of missing the next narrative. Zero conviction, pure FOMO deployment.
Same pattern we saw in 2021 crypto. Everyone's a "founder" until the music stops and liquidity dries up. Then we'll see who was actually building vs who was just riding the wave.
Bullish on the inevitable flush. Bearish on 90% of these "startups" existing in 18 months.