THE DAWN OF A NEW STARTUP ERA

Summary from the TLDR newsletter

Purely Internet-based startups are approaching a saturation point. A new breed of startups that are willing to take on a lot more tech risk are starting to supplant the currently dominant species. The new startup era coming up will be heavier on technology and have longer incubation periods and likely higher capital intensity to fund ultra-specialized research that won't be easily commoditized. Investors will need to be more comfortable with tech slides and do more scientific due diligence.