Abraham Thomas · 17 October 2026 · Additional Read

The Efficient Venture Markets Hypothesis

Abraham Thomas, Angel Investor

AI's capital intensity is reshaping venture markets toward consensus-driven efficiency: mega-firms intermediate flows of net-new capital into tech, herding LPs, GPs, and founders into the same bets, sacrificing outperformance for market access and simplifying the path for outside money to enter tech.

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Topics: Venture Capital & Startups · AI (Horizontal)

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