Is There an AI Bubble? VCs on Valuations and ARR Inflation

This episode features a conversation recorded live at StrictlyVC LA in El Segundo between Connie Loizos, Cheng Xu, partner at Basis Set Ventures, and Carter Reum, founder of M13. Together, they discuss whether today's AI boom represents a bubble, how investors are thinking about soaring startup valuations and ARR growth, and what it takes to build a lasting company in an increasingly competitive AI landscape. The conversation also explores the opportunities and risks facing founders, the impact of AI on venture investing, and where each investor sees the next generation of breakout companies emerging. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Connie and Alex talk with Goodwater Capital co-founder Chi-Hua Chien, whose career spans some of Silicon Valley’s biggest technology shifts, from helping source Accel’s investment in Facebook as a young associate to backing a new generation of consumer and AI startups. While much of the venture world is focused on models, chips, and infrastructure, Chi-Hua argues that history suggests the biggest long-term winners of the AI era may be the application companies built on top of them. They talk about why AI startups are reaching unprecedented revenue levels with remarkably small teams, what’s driving today’s soaring valuations, and why he believes many infrastructure businesses will eventually face the same commoditization pressures seen in previous technology cycles. He also shares what he’s seeing inside consumer AI, from hyper-personalized entertainment and women’s health platforms to new products built around voice, agents, and individualized experiences. And they discuss the increasingly public tensions between founders and VCs, why some of the most interesting fintech innovation is happening outside the U.S., and why Chi-Hua believes one of the biggest opportunities in consumer technology may be helping people reconnect in the real world. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on StrictlyVC Download, we're bringing you a conversation from our recent event in Athens. Connie Loizos spoke with Anastasis Germanidis: Co-Founder & Co-CEO, Runway and Anatolii Kasianov: Co-Founder & Co-CEO, HOLYWATER TECH. Runway began within art school, with a sparse network and little investor insight into AI video. HOLYWATER TECH started in Kyiv with no venture capital, and a mandate to be profitable from day one. Seven years later, both have succeeded in disrupting, and putting some level of fear in, creative industries worldwide. At this StrictlyVC Athens 2026 discussion, host and TechCrunch Editor-in-Chief Connie Loizos brought both on stage to get the inside story of how these two breakout companies actually broke out. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this episode of StrictlyVC Download, we're bringing you a conversation from the StrictlyVC Athens event. Connie Loizos sat down with three seasoned investors to break down the state of venture capital, the hunt for white space, and what it actually takes to back a breakout company in 2026. Featuring: Ben Blume: Partner, Atomico Andreas Stavropoulos: Partner, Threshold Ventures Niko Bonatsos: Founder & General Partner, Verdict Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on StrictlyVC Download, we're sharing and interview from our 2026 event in San Francisco with TechCrunch reporter Marina Temkin and Lior Susan who is dresh off raising a $1.3 billion fund. Eclipse Ventures is doubling down on what it calls physical AI. Temkin and Susan discuss robotics, manufacturing, autonomous systems, and what it takes to build enduring companies where AI meets the physical world. Plus, you can get a peek into Susan's perspective about the SpaceX IPO. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we talk with Theo Baker, a soon-to-be Stanford graduate and author of How to Rule the World, about what he found when he traded his coding ambitions for student journalism. Within his first semester, Theo broke the story that led to Stanford president Marc Tessier-Lavigne’s resignation, a months-long investigation into manipulated research images that put him in the crosshairs of one of the world’s largest law firms. But that was just the beginning. Baker walks us through what he calls the “Stanford inside Stanford”: a parallel world of yacht parties, slush funds, secret seminars, and VC scouts hunting for teenage talent as soon as freshmen hit campus. We also get into the secret class literally called “How to Rule the World,” why he thinks the same system that built Silicon Valley is also what corrupts it, and what the SBF saga and the overnight pivot to AI looked like from the inside. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, we're sharing a conversaiton from Strictly VC's recent event in San Francisco. Replit co-founder and CEO Amjad Masad joined Connie Loizos to talk about AI-driven software development, competing with major AI players, and how coding is changing as software creation becomes more accessible. Plus, he gives some insight into their back-and-forth with Apple over app store policies. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we talk with Airwallex cofounder and CEO Jack Zhang about building a global financial infrastructure company by taking the long, unglamorous path. Rather than layering on top of existing banking systems, Airwallex spent a decade acquiring licenses, integrating with local payment rails, and constructing its own end-to-end network for moving money across borders. Jack shares why he turned down a $1.2 billion acquisition offer from Stripe early on, how that decision shaped the company’s trajectory, and why he believes this hard-won infrastructure is becoming a major advantage in the age of AI. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Connie Loizos talks with Rainmaker Securities managing director Glen Anderson about the surge in the secondary market as investors race to buy shares in some of tech’s most sought-after private companies. From SpaceX to OpenAI to Anthropic, demand is intensifying ahead of a potentially reopening IPO window. Glen explains how the secondary market really works, why some companies have plenty of buyers but no sellers, and what recent activity reveals about investor sentiment. He also shares why SpaceX has been such an outlier, what’s behind the imbalance between OpenAI and Anthropic, and how institutional investors are navigating this increasingly competitive market. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we talk with Halter founder and CEO Craig Pigott about building a $2 billion agtech company that’s transforming how farmers manage livestock. Using solar-powered collars and virtual fencing, Halter helps ranchers increase productivity, monitor animal health, and rethink how land is used. Craig shares his journey from Rocket Lab to agriculture, why farming is still underserved by technology, and how AI and hardware are reshaping one of the world’s oldest industries. Learn more about your ad choices. Visit megaphone.fm/adchoices