VCs abandon old rules for a funky time of investing in AI startups TechCrunch

VCs abandon old rules for a funky time of investing in AI startups | TechCrunch

News Source : TechCrunch

News Summary

Aileen Lee, founder and managing partner of Cowboy Ventures, said: “It’s a funky time.” Jon McNeill, co-founder and CEO of DVx Ventures, stated that even startups that grow rapidly from inception to $5 million in revenue often struggle to secure follow-on funding.
Steve Jang, founder of Kindred Ventures, disagreed that a strong go-to-market (GTM) holds greater weight for investors.
Despite the expectations for breakneck growth and fast product development, panelists agreed that the AI industry is still in its very early stages.

If theres one thing that VCs agree on when backing AI startups, its that AI requires a different investment approach than prior technological shifts.Its a funky time, said Aileen Lee, founder and [+3201 chars]

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