Venture capitalists (VCs) are expressing growing skepticism towards investments in crypto-AI projects, with warnings that 'almost everyone will lose a lot of money.' This sentiment reflects a broader generational crisis among VCs, many of whom feel disillusioned after a decade of following a specific investment playbook focused on software with high gross margins and effective problem-solving capabilities. Rob Hadick, a general partner at Dragonfly, noted that while the field of AI agent projects is anticipated to attract hundreds of millions of dollars in venture capital, the risk associated with these investments is comparable to the boom seen in 2021 with crypto game projects. As a result, many VCs are reassessing their strategies and the messaging surrounding crypto investments, which have garnered a negative stigma due to past practices such as forced token launches.