TBPN (@tbpn) “What scares Benchmark GP @EverettRandle the most about today's AI market is how” — TopicDigg

What scares Benchmark GP @EverettRandle the most about today's AI market is how convinced investors have become that every great company will be worth more in six months, reminding him of the 2021 venture boom. "One of the scariest parts is this feeling of inevitability. It feels like as venture investors, we are monkeys throwing darts at a dartboard. You never really know what number you're going to hit, but imagine you're that monkey and you just keep hitting like the triple 20 every time you throw it and you're like, 'This is weird.'" "There's this sense that we all know AI is going to change the world in so many ways. We all know that space is big, defense is big, nuclear energy is big. All these things are big. Therefore, more and more money goes into these things and they just keep getting marked up." "The last time I felt like investors had this much of a sense of inevitability saying, 'Yes, it's expensive, it's going to get marked up in six months so therefore we should do it.' Was the summer and fall of 2021. We all know how that ended up."