The technical founders/AI-native VCs have earned their victory lap. AI is huge, it’s real, and it’s going to get much bigger.
But bull markets always leave little tells. When the winners start dunking on the “boomers” and declaring everyone who didn’t get it an idiot... start paying attention.
unfortunately, the VC copium crisis goes deeper
the rot doesn’t end with boomers
it’s also the entire cohort of bloviating analysts they hired who’ve never founded or operated anything meaningful before
luckily, many are now being replaced by seasoned operators (plus AI)