Comment by jacquesm

Comment by jacquesm 3 days ago

> The only investment money is flowing into AI

That's so not true. Of the 23 companies we reviewed last year maybe 3 had significant AI in their workflow, the rest were just solid businesses delivering stuff that people actually need. I have no doubt that that proportion will grow significantly, and that this growth will probably happen this year but to suggest that outside of AI there is no investment is just not compatible with real world observations.

daxfohl 3 days ago

That's good to hear actually. It's usually a downer when a strongly held belief is contradicted with hard evidence, but I'm excited to hear that there's life yet in the industry outside of AI. Any specific trends or themes you can share?

Reply View 3 replies

jacquesm 3 days ago

Energy is a much larger theme than it was in the years before (obviously, since we're in the EU and energy overall is a larger theme in society here. This has a reflection in the VC market, but it also is part of a much larger trend, climate change and CO2 neutrality).
Another trend - and this surprised us - is a much stronger presence of really hard tech and associated industries and finally - for obvious reasons, so not really surprising - more parties active in defense.

Reply View | 2 replies
- daxfohl 3 days ago
  
  Totally makes sense. Things that (once complete) have more realizable tangible value, rather than "optimizing user engagement" aka "enshittification" as some kind of imaginary value store for the last 20 years and is now being called in.
  
  Reply View | 1 reply
  
  jacquesm 3 days ago
  
  What is especially interesting is to see the delta between the things that are looked at in pre-DD and which then make it to actual DD after terms are signed.
  
  Reply View | 0 replies