MoneyThe story, in brief
Has AI broken the old VC model?
AI boom mega-IPOs are reshaping venture capital's risk-return math. The old feast-or-famine model is breaking.
The KeyNews take
Why it matters
The AI wave is concentrating exits and capital at scale, forcing VCs to reconsider portfolio strategy, reserve depletion, and the viability of traditional Series A/B venture models as mega-rounds dominate.
The key facts
4 to knowMultiple mega-IPOs triggered by AI boom
Feast-or-famine VC dynamics being stretched to extreme
Implies shift in exit patterns and capital concentration
Published Sep 2026 — forward-looking analysis on structural VC change
Go to the source
Financial Times Technologyft.com
Publisher excerpt: A spate of mega-IPOs triggered by the AI boom is stretching the feast-or-famine industry dynamic to an extreme