One thing that you might consider Lyn, the emergence of decent AI has really introduced a lot of uncertainty in the near and medium future (much more so than usual), and this likely makes it a lot harder to achieve a market consensus that truly represents reality.

There are a lot of divergent hypotheses out there, and that should make all funding more expensive for everyone. However… conviction is sky high! So funding is actually cheap, too cheap.

It’s quite likely that most people get rekt.

People are extremely confident about predicting first order disruptions of AI, but those will immediately be made obsolete by second and then third order disruptions.

A tiny group of people (maybe 5 people?) might emerge from this, owning absolutely everything.