Venture Capital, Moonshots, and AI: The 2025 Tech Soap Opera
Welcome to the 2025 edition of "As the Tech World Turns," starring venture capitalists, moonshot dreamers, and AI overlords. Grab your popcorn, folks; it's a wild ride.
Roelof Botha of Sequoia, a venture capital behemoth, recently made waves by declaring that venture capital is not an asset class, but more like a lifestyle. He noted that there are now 3,000 venture firms in the US, triple the number when he joined Sequoia 20 years ago.
Astro Teller, the captain of Alphabet's X, shared that their moonshot initiatives have a 2% success rate, meaning 98% of their projects are unsuccessful.
This highlights the challenges and risks involved in the startup world and moonshot initiatives.
Author's summary: Venture capital and moonshots in 2025 tech scene.
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