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💯 Furthermore, a lot of the so called “tier 1” VCs have surprisingly weak historical returns. Every time I get a glimpse of the numbers, I’m shocked. https://t.co/jnoOnHvh0H
VCs are going to lose a ton of money on AI investments 👉The #1 reason? They want "exposure" to a given segment or slice of the market Hundreds of billions will be made, but with 100s and 100s of new start-ups in every niche, tens of billions will also be lost
VCI Global Invests In AI Startup Company Marvis Inc., A Delaware Corporation; Current Seed Funding Round Is Capped At Valuation Of $30M
VCI Global has announced an investment in AI startup Marvis Inc., a Delaware corporation, through a SAFE agreement, acquiring equity in a future round. The seed funding round for Marvis is currently capped at a valuation of $30 million. This investment comes amidst a broader trend of venture capital firms investing heavily in AI startups, with VCs reportedly investing in numerous AI ventures in an effort to gain exposure to the market segment. The stock symbol for VCI Global is $VCIG.