Late-stage AI investing is a prisoner's dilemma, VCs argue — contrarian alpha lies in seed-stage conviction
arian_ghashghai · x · 2026-10-21
Investor Dthakker02 describes late-stage AI investing as a prisoner's dilemma: nobody gets fired for overpaying alongside top Silicon Valley VCs, only for missing the round everyone else got into — so investors wire at crazy prices, sometimes the same stock at three prices in one day. arianghashghai counters that the escape routes are investing earlier in "illegible" founders and pursuing sectors you believe are undervalued, where competition is minimal — but both require independent thinking and courage, currently at local minima in VC.
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