Elizabeth Yin · 24 April 2026 · Investment Thesis

The wide path: Why most current valuation dynamics are not here to stay (and what will)

Elizabeth Yin

Startup valuations follow long-term upward pressure from rising investor supply, but short-term cycles driven by macro conditions and sector trends are temporary. Current AI valuations will correct within 1–2 years as competition intensifies; founders should choose industries based on moat strength and long-term positioning, not fundraising ease.

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Topics: AI (Horizontal) · Venture Capital & Startups

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