VC's Last Hope: An AI Bubble and Sam Altman
2025-05-11
The Q1 2025 Venture Monitor reveals a moribund venture capital industry, except for AI, which is almost entirely reliant on OpenAI. High interest rates have dried up funding, leaving VCs scrambling and hoping for an AI miracle fueled by OpenAI's aggressive spending. The report blames Trump's tariffs, overlooking the industry's support for him. Early-stage funding is stagnant, many startups are dying, IPOs are rare, and exits are almost nonexistent. VCs are keeping existing companies afloat with late-stage funding and secondary sales. The future of venture capital remains uncertain and precarious.
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