Kyle Harrison

Lastly, like a lot of what we read this year had kind of like admittedly a tired tone to it.

Remember when Michael Dempsey argued that VC-backed startups are low status now? You had Kyle Harrison call flop startups a natural extension of chasing a scalable model in an unscalable asset class.

Even for optimistic pieces like Yoni's What Capital Wants, it came with a catch of showing a credible path to $20 billion or just don't bother building it.

And yet the whole premise of a pre-Series A fund is that the next great company is usually sitting somewhere nobody is looking in a category that's out of favor with a founder who doesn't fit the pattern.

Agreed.

The next one on the list was an X article from Kyle Harrison from Contrary.

And Michael, I think you flagged this one and he's sort of just talking, great title, The Death of Venture Capital Short Kings.

And just talking about sort of the evolution of venture capital and where things are headed in this new world.

So Michael, maybe you can tee this up and give some context here on what Kyle's saying.

yeah i mean so this is interesting a potential investor had sent this earlier this morning and it's fascinating because there's a lot of folks listening and following us and kind of seeing some of the things we've talked about play out kyle harrison very thoughtful um venture capitalist he's been at a few firms contrary is the last I think he's fascinating because there's him, there's somewhat Bill Gurley and then Mike Maples are the ones that come to mind on the VC side that fundamentally know that this is all unsustainable and they know something's off, but they can't put their finger on what it is.

They don't get it's the money.

And so this is a long form article effectively explaining that, explaining, you know, the notion of venture starting a cottage industry.