“99% Of Them Are Going To Fail”: Lux Capital’s Josh Wolfe on the AI Bubble | Term Sheet

Fortune Magazine

Over 3,000 venture capital firms are operating in the U.S. today. Lux Capital's co-founder Josh Wolfe thinks more than half of them won't survive the decade. He has spent 25 years making calls nobody else would make, backing Anduril before defense tech was a category and surgical robotics before it