SC Moatti reflects is right on the ball here. I would add that we will see a lot of down rounds and "dirty term sheet" IPO's in the re-opening of the IPO market in the US. Funds started 10 years ago need their liquidity and it will happen in all sorts of ways. I also agree that new startups leveraging generative AI will iterate faster, need smaller teams and raise smaller amounts and find break even sooner. We have been saying for years now that after the great "data scrape" by the larger players, AI value would be in monetizing bespoke data sets, thereby creating data moats that the larger players will have to acquire.
Managing Partner at Mighty Capital | Board Chair at Products That Count | YPO, Kauffman Fellows, Stanford GSB
2025 is going to be an inflection year for venture capital. Here are our predictions, I look forward to your comments and perspectives. #innovation #venturecapital #entrepreneurship #crystalball #siliconvalley
Managing Partner at Mighty Capital | Board Chair at Products That Count | YPO, Kauffman Fellows, Stanford GSB
1wAgree Claude G. Théoret there will be some surprises for early stage investors upon exit. But finally, the wheel is starting to turn again!