You can't just build a fund throwing out money at Seed and Series A SaaS companies anymore, more than ever company spend is going towards a few AI providers as "buy vs build" shifts in the opposite direction than before
And additionally you could argue that LLM coding is replacing the need for much of pre-Seed and Seed money that would go towards hiring the first 1-3 engineers and MVP development
They're just cringe, awkward, and just as damaging - if not more - then the previous elites in modern times.
At least the oil barons, big pharma, banks etc stayed in the shadows - these guys are celebrity divas...
How many iterations are we going to need to end this sort of wealth?
cdrnsf•52m ago