50 Funds Chasing the Same Resumes Isn't Alpha: Hard Tech Edge Moves Outside VC Graph
MatthewChang · x · 2026-09-09
Reacting to a note that "50 funds hunting the same resumes is not alpha, rather an auction," the poster agrees the SpaceX/Anduril/Tesla founder archetype is no longer contrarian. The edge in hard tech increasingly lies outside the venture graph: backing machinists, manufacturing engineers, operators, procurement nerds, and domain obsessives who understand problems Silicon Valley hasn't discovered yet — and builders can easily recognize that trait in others.
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