Anj Midha, a general partner at Andreessen Horowitz, and Dave Blundin, founder of Exponential Ventures, delve into the seismic shifts AI is causing in the startup ecosystem. They explore how AI startups are attracting substantial investments while scaling with less capital. The duo discusses the controversial valuations of these companies, the essential role of AI in transforming industries, and the importance of product-market fit over inflated numbers. Their insights shed light on the evolving landscape of venture funding and the future of innovation.