Billionaires Skip VCs to Chase AI Unicorns Early
The AI gold rush has billionaires cutting out VCs to bet big on private startups. It's riskier than ever—and reeks of dot-com déjà vu.
⚡ Key Takeaways
- Family offices are pouring cash directly into AI startups, skipping VCs amid fewer IPOs. 𝕏
- Firms like Arena lead rounds with heavy due diligence but take concentrated risks—no portfolio safety nets. 𝕏
- Echoes 1999 dot-com frenzy; huge upside potential, but massive wipeout risk for late private bets. 𝕏
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Originally reported by TechCrunch - AI
