AI startup funding frenzy: VCs see 8-10 hot deals a week, verbal offers in days
nmasc_ · x · 2026-09-23
Investor Rak Garg says his 6 years in venture (including 2021) never saw this before: 8-10 genuinely ripping AI opportunities per week, each pulling 2-3 verbal term offers within days.
- Unlike 2021: these companies actually work — revenue is real cash from real customers, not underwriting star founders or community-growth vanity metrics
- Competitive dynamics: every startup competes that week against every other startup raising for diligence attention; if your competitor is raising, you probably are too, customer bake-offs are monthly, and takeover interest is constant
- Side effect: startup rivalries now emerge overnight and heat up fast, a juicy beat for journalists
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