Is There an AI Bubble? Two Top VCs on Valuations and ARR Inflation | StrictlyVC LA 2026

Short summary

A TechCrunch panel with VCs from Basis Set and M13 examines whether AI venture capital is in a bubble or experiencing unprecedented growth. Key discussions: ARR inflation issues VCs helped create, defensibility strategies against OpenAI/Anthropic entering every vertical, and the SpaceX liquidity wave's impact on LA's ecosystem. The panel compares this cycle to cloud and mobile, offering insights for founders navigating valuations and positioning.

• •VCs debate: AI bubble vs. steep growth curve—and why this cycle differs from cloud/mobile
• •ARR inflation and the challenge of defensibility when OpenAI/Anthropic dominate verticals
• •SpaceX liquidity wave reshaping LA tech ecosystem and fundraising dynamics

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