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The striking part is not the total. It is the concentration. The money tripled while the number of deals collapsed: just 34 deals so far in 2026, against 99 across all of 2025 and 127 in 2024. Investors have stopped spreading small bets across dozens of startups and started pouring billions into the few players they believe will own the market.

Daniel Abreu Marques
3w ago

From the perspective of 2026, Generative AI is a springboard to an acceleration of capital moving faster into deep and emerging technologies.

3w ago

Few – if any – startups in Silicon Valley history have grown as big as Notion, or for as long, without some semblance of a board. But by virtue of a quirk of its own fundraising history and an intellectual internal leadership style, it's the position Notion found itself in even after more than a decade in operation, and as its valuation reached $11 billion.

1mo ago

Nobody told you more than 220 companies that once hit billion-dollar valuations are now considered 'fallen unicorns'. The concentration of capital is also damaging - in that, the AI boom that has funneled more than $250 billion into OpenAI and Anthropic and reset valuations on entire classes of startups.

1mo ago

The tolerance for failure is just so much higher. I just met so many people who just burned through tens of millions of dollars on what seemed a trash idea, and it was a trash idea! And then it was like, 'Okay, great, well now I'm going to do the other thing.' And then the next thing is also a trash idea. Great, they get to put $100 million into that other trash thing. And the third thing is amazing, and then it's a multi-billion-dollar company.

1mo ago
readtrung.com
SpaceX: The AI IPO

We believe we have identified the largest actionable total addressable market ("TAM") in human history. We estimate that our quantifiable TAM is $28.5 trillion, consisting of $370 billion in Space from space-enabled solutions; $1.6 trillion in Connectivity across $870 billion in Starlink Broadband and $740 billion in Starlink Mobile as well as additional opportunities in enterprise and government; $26.5 trillion in AI across $2.4 trillion in AI infrastructure, $760 billion in consumer subscriptions, $600 billion in digital advertising, and $22.7 trillion in enterprise applications.

1mo ago

There is so much noise in venture today, that actually leading with original thoughts can have a competitive advantage. We want other, larger platforms to view Worldbuild as a tastemaker for where they should be spending time six months, or 12 months from today.

2mo ago

This acceleration of Capex directly correlates with an increased demand for compute in the age of inference. For every meme product like OpenClaw, that's a lot more tokens in the "tokenmaxxing" fad of the Generative AI movement. Large amounts of corporate bonds and Venture Capital funding are essentially subsidizing all of this burning of tokens and heating of GPUs.

2mo ago

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