One thing that the public doesn't seem to quite realize about the way that financing works in the tech industry — indeed in all financing, more or less — is that there is an oft-repeated aphorism among VCs, "too much money chasing too few deals". This might seem weird if you are a person who needs money or has ideas that money could finance because you probably don't have easy access to a $100MM series A. But it's key to understanding what is going on (sorry) with the AI bubble