Why Venture Capital's Growth-at-All-Costs Era Is Ending
Source: Sneakerheadvc
Sneakerhead VC argues that the industry's obsession with massive fundraising rounds and moonshot bets has created bloated, inefficient companies—and that disciplined, capital-efficient software businesses now have a structural advantage. As interest rates stay elevated and LP returns disappoint, the flywheel that rewarded burn-rate ambition is reversing, making founders who can build profitable products with lean teams the ones winning customer trust and investor patience. The 2010s venture playbook broke. The next wave of valuable companies will likely look less like fast-growth unicorns and more like efficient, sustainable businesses.