Honestly the "hot" part of the seed market just seems like a good way to lose a bunch of money right now.
I realize AI has changed everything. I get that markets once thought shut are being reopened and new markets hitherto undreamt of are being created.
But...$174 million for a seed company? Really? Especially since that same figure was $62M just a year ago?
It's the top 5% of seed rounds, so not everyone. And it's narrowly concentrated in things like neolabs (building new types of LLMs), AI infra (chips and data centers), or some dev tooling.
But there's more than a faint whiff of 2021 frenzy here.
Hope I'm wrong!
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