VCs pretending to do diligence: AI startup valuations never make sense, says operator
mobileraj · x · 2026-09-18
The author says leaders outside the startup/VC ecosystem are always baffled by AI funding rounds and valuations, and his advice is simple: don't try to rationalize them, because they never make sense — though strategic M&A pricing rarely does either. The post quotes investor Turner Novak mocking VCs "pretending to do diligence before wiring Instinct more money," a jab at FOMO-driven AI dealmaking.
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