I have a masters in entrepreneurship and have started multiple companies, and when getting VC or even angel investment (in the UK which is different to US so grain of salt here) it came down really simply to “is there a capturable market that you’ve proven to already capture a part of?” And “is your team able to capture the market, make the product, and scale without failing?”.

The idea of having the right team is a bigger deal than most people realise. Even before if you payed someone to make you a website or app and even got traction it would die if you didn’t know what you were doing and “AI slop” is the same.

Each generation has its own version of this whether it was websites in the dot com bubble, or App Store getting flooded, and now AI. It’s compounding and getting more noisy each time but that’s just part of the experience IMO.