Welcome To The ‘Show Me’ Era: Sapphire Ventures’ Anders Ranum On What Separates Winning AI Startups From The Rest
THE SO WHAT
Institutional capital shifting to a ‘show me’ stance on AI—tightening the gap between public multiples and private valuations—means narrative-only AI rounds are drying up. Founders need verifiable unit economics and deployment proof, not just model claims, to clear the next raise.
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