Welcome to the 2025 edition of "As the Tech World Turns," starring venture capitalists, moonshot dreamers, and AI overlords. Grab your popcorn, folks; it's a wild ride.
Roelof Botha of Sequoia, a venture capital behemoth, recently made waves by declaring that
venture capital is not an asset class. It's more like a unicorn-riding, rainbow-chasing lifestyle.He pointed out that there are now 3,000 venture firms in the US—triple the number when he joined Sequoia 20 years ago.
Astro Teller, the captain of Alphabet's X, shared that their moonshot initiatives have a 2% success rate. In other words, 98% of their projects are about as fruitful as my New Year’s resolution to stop procrastinating.
Author's summary: Venture capital and moonshots in 2025 tech.