ALPHA IN THE AGE OF AGREEMENT

Summary from the TLDR Founders newsletter

Seed and Series A valuations are soaring, often starting at $100M pre-money, with investment decisions happening in mere hours. VCs are prioritizing big follow-on rounds and targeting AI applications, driving uniformity in investment strategies. The challenge is generating alpha by balancing short-term contrarianism with long-term insights in an overwhelmingly consensus-driven market.