In this article for Tech Funding News, David von Rosen argues that investors are losing their entrepreneurial edge by chasing the same crowded AI opportunities, while the biggest returns will come from founders solving overlooked problems beyond the current AI bubble.
Von Rosen argues that while AI is attracting huge amounts of capital, many investors are simply following the herd into inflated markets. He says real value is often found in less fashionable, higher-friction sectors where founders are tackling problems that others have ignored or dismissed as too difficult, too niche, or too early.
"No great founder ever rushed into an overcrowded market, happy to be a small cog in a massive machine. The most successful entrepreneurs are those who forged their own paths."
Dr David von Rosen
Drawing on examples such as Airbnb and Alexander Graham Bell, von Rosen makes the case that the strongest returns often come from backing ideas before consensus forms around them. He argues that investors need to think more like founders: taking a longer-term view, accepting uncertainty, and backing conviction over safety if they want to identify the next generation of high-growth businesses.
You can read the full piece here.
