VENTURE CAPITAL'S CAUTIOUS REAWAKENING

Summary from the TLDR Founders newsletter

VCs are taking more discovery meetings, but the bar is higher than ever - they want founders with real operating experience after getting burned by younger teams who couldn't execute. AI companies are growing 2-5x faster than historical SaaS peers and command an 85% valuation premium, but investors are warning founders not to over-raise or hire ahead of milestones.