Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Recently, PitchBook released its Venture Monitor for the first quarter of 2026. It tells a tale of two entrepreneurial environments: the fortunate, five firms and five investors that are awash in capital and the rest that are starving and failing. The venture capital market is not in recovery — it is in the early stages of a narrowly defined AI mania that is obscuring structural weakness beneath.
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