The latest theses & analyses from 800+ venture investors.

AI is enabling a new class of profitable, capital-efficient software companies that venture is ill-equipped to fund.

Consumer AI spending tripled to $40B in 2026 while adoption grew just 3 points, as existing users deepened engagement through higher payment rates (55%), daily…

Enterprise AI's real opportunity isn't raw intelligence—it's encoding organizational expertise through continual learning loops that compound across customer…