AI Markets Crystalize For subset of AI markets, it is suddenly clear who the finalists or winners will be: * LLMs * Code * Legal * Medical Scribing * Customer Service * Search & IR New cos (or incumbents) may still show out of nowhere, but at least v1 of game has crystalized

If you’re in your 20s in tech right now, getting really good at shitposting will get you 10x the career juice of any MBA or graduate degree (and a lot less debt).

Digging out of a large email hole, saw some articles I flagged to read about Deepseek, Remember that one? I think January '25. Generated lots of FUD, esp for closed models, but the market moved or shall I say accelerated greatly in their favor!

So perfect from @nike.

And heavy industry / deep tech companies with a competitive advantage in business model and / or quality of tech are having meteoric rises

Agreed with one exception. Strong DoD/dual use is getting funded...not sure where all the exits are going come from, but they are getting funded.

Seems accurate based on recent experiences. Also implies huge swaths of the tech landscape are aruably being underfunded right now

Founders: this can be true *AND* not matter for those who are hell-bent on finding a way to make the vision reality. Also worth considering: this focus on just 2 things means opportunities for investors looking for gems somewhere else 😉

Yeah that’s it. Please note founders. If this isn’t you, are probably too optimistic about fundraising right now.

The startup fundraising market is clearest I've seen in my 13yrs of tech investing - major funds only interested in 2 things: 1/ AI native co's w/ demonstrable momentum, rounds are big $; and 2/ seeds for outlier teams. That's it. Anything else encounters fundraising fiction.