Steve Lord
speaker
944 appearances
4 recordings
1 series
first heard Jul 2025
last heard 7 Apr
Steve Lord’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Apr 2026 with 1.
Appearances
So that skews a lot of this.
Now, if they all of a sudden went public tomorrow
Like, say SpaceX, who just filed a preliminary prospectus, uh, OpenAI and Anthropic.
If those three went public right now today, a lot of these numbers would on paper look better because a lot of that capital would would flow back out.
But the foundational disconnect remains.
AI is getting most of the deals, and a handful of VC managers are getting most of the new ones.
That's
Where we sit.
question, right?
Like I've all I am a big
proponent that
In in this kind of thing there's nothing new under the sun and eventually the cyclicality returns because the availability of capital is a cyclical engine.
It's got lots of inputs to it, but it's still a cyclical thing.
But, you know, we've been in a bunch of these and we're still saying sort of the same thing.
Like, yeah, it's pretty tough out there for early stage businesses to raise enough capital to become successful and maintain that momentum unless you are AI.
You're you're having a very hard time raising another fund.
Okay.
You may even be past your quote investment period in your existing fund, but you haven't been able to return any capital to your investors yet.
So you don't really have any reason they they don't see a reason.
To
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