CNBC September 6, 2024
Key Points
– Unlike past tech booms, this one is getting funded by tech companies like Microsoft, Amazon and Nvidia, rather than traditional venture firms.
– That’s creating even greater challenges for the venture industry, which is already in the midst of a deep slump due to the IPO drought that’s approaching three years.
– Chip Hazard, co-founder of Flybridge Capital Partners, says VC dollars are shifting “up the stack” and that “enduring companies will be built at the application layer.”
Almost three years into a largely dormant IPO cycle, venture capitalists are in a tough spot.
The private market is dotted with richly valued artificial intelligence startups, including some that are described as generational companies. But venture firms in...
Today's Sponsors
Today's Sponsor