📶 venture is broken ... now what?

How incentives have completely messed up the venture game, some data on the latest YC batch, Thrive's bet on AI services, plus the best from last week

June 10, 2025 • Estimated Reading Time: 7 minutes

Good morning 👋

Last week, Dan Gray and Peter Walker hosted a talk titled “Is there a future for venture capital?”

Given that I (and many of you) work in venture and I respect both Dan and Peter, I tuned in, and it was worth a listen.

There’s too much to recap, but I’ve given it a shot below.

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