Most consensus market in years: hot startups soar, the rest get nothing

MartinGTobias · x · 2026-08-27

Investor Nikunj analyzes the current fundraising environment, calling it the most consensus market he has seen in a while: startups are either really hot or not, with almost nobody left in the middle. He discusses what "being legible to capital" means for founders in this polarized environment, which Martin Tobias calls some of the best fundraising advice he has heard lately.

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