Category: The Valley
Posted Date:
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Will the Capital Markets Ever Come Back?
All the bankers we know are incredibly busy, but they do not have much to show for it. The capital markets are log-jammed and it is not clear what it will take…
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Herd Mentality – Why are there so many AI accelerators?
Two decades of under-investment in semis has left US venture firms with little institutional memory for semis investment.
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What will Venture Investing Become?
A shrinking number of firm, months and months with no DPI, log-jammed fundraising, too much software and not enough hardware – the venture industry is poised for a profound change.
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The Strong Case for Deep Tech in the Age of AI
We long held the belief that there is a strong case for greater Deep Tech venture investing. The rise of machine learning and AI only deepens our conviction on what is likely…
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Deep Tech Foundations
Hardware will constitute 60% of “Technology” revenue over the next five years, but has received only 10% of venture investments over the past five years. US investors need to pick up the…
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Our $0.02 on LLMs
The latest advances in AI (GPT, LLM, transformers, etc.) are like a Nokia phone in the 90’s – everyone could see the appeal, but no one could predict all that it would…
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Our $0.02 on SVB
SVB was the bank of choice for the Valley because they wanted our business. Say what you will about its wind-down process, but commercial banks in the US ignore small businesses, and…
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Capital Markets and You – Revisited
We think the market will probably improve later this year, and IPOs & venture funding will pick up pace, but the investing environment will be very different than the long summer we…
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Hard vs. Soft – With Math
Despite conventional wisdom, building a software company can be just as capital intensive a building a semis company. With the huge disparity in valuations at every venture round, it is clear that…
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Hard or Soft?
The risk profile for venture investing in hardware and software are of course very different, but the market is shifting, making hardware investing much more appealing.
