Everything on Venture Capital & Funding

Late-stage AI funding has shifted from ARR multiples to compute capacity pricing, with valuations reflecting guaranteed public market access and hyperscaler partnerships. This structural change prioritizes infrastructure deployment speed over traditional software growth metrics.

Impact: Founders can de-risk massive CapEx through strategic equity dilution, while investors must prioritize infrastructure-backed deals over pure software multiples to secure returns.

— from AI Valuation Shifts, Token Economics, and SaaS Divergence · The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch· May 21, 2026