Vinay Iyengar(@VinIyengar):When prices and fundamentals diverge meaningfully, all that matters is narrative. And in a narrative-driven world, this behavior is exactly what you would expect to happen. This was crypto in '21/'22. And it's AI today. h/t @davidjhlee for coining this - the "crypto-ification" of an asset class.

2026.08.13 18:31

When prices and fundamentals diverge meaningfully, all that matters is narrative. And in a narrative-driven world, this behavior is exactly what you would expect to happen. This was crypto in '21/'22. And it's AI today. h/t @davidjhlee for coining this - the "crypto-ification" of an asset class.

Niko Bonatsos@bonatsos

2026.08.11 00:36

The extent of lying / exaggerating among 16-24 year olds pitching VCs for their first round or two is at an all time high right now. It’s ok to be ambitious and optimistic. Not ok to lie about VC termsheets that one didn’t receive or to talk about a verbal LOI from a customer as a signed scaler contract. Yes, we VCs are often lazy, yet some of us still do a few minutes of due diligence before we make an offer to invest.