Hitting it big betting on startups in the AI era will be a lot harder, but Silicon Valley might not feel the worst of it

Anthropic's valuation surge highlights challenges in AI startup investing, as Menlo Ventures' $1B investment now worth $14B contrasts with rising competition and lower barriers to entry. The article notes increased startup proliferation, FOMO-driven overinvestment, and risks for non-institutional investors in the AI era.