{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Cap Table","title":"Repeat or Reset? Is AI Venture the New 2021? | Jason Saltzman, CB Insights","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/ea0a13c2\"></iframe>","width":"100%","height":180,"duration":4666,"description":"Is the AI deal market a repeat of 2021—or is this time actually different?\nJason Saltzman runs insights at CB Insights, where he turns data on millions of private companies into a read on where the market is really going. In this pilot episode of The Cap Table, Sam Andersen, partner at Element Ventures, brings him on to answer the questions nobody has clean answers to.\nThey dive into the K-shaped venture economy, why private companies now collectively outvalue every top IPO in history, what specifically broke in 2021, and why 53% of unicorns from that era are already worse off. They also discuss behavioral data from Affinity pulled from hundreds of private equity companies over the last two years. It turns out, the most efficient firms scaled email outreach 12x while the least efficient sent 5x more emails and got fewer results.\nThe data proves it: Relationships beat volume every time, upholding a near-universal truth in private capital.\nFinally, they close on this: Does the 2026 AI vintage end up looking like 2021? Both say no. The reasoning is worth hearing.\nThe Cap Table is a podcast by Affinity.\n🔗 Affinity: https://www.affinity.co\n🔗 CB Insights: https://www.cbinsights.com\nConnect with Jason: https://www.linkedin.com/in/jason-salt \nConnect with Sam:  https://www.linkedin.com/in/samander/\nFollow Affinity YouTube: ‪‪@affinity_presents‬\nYouTube (product): ‪‪@affinity_co‬\nLinkedIn: https://www.linkedin.com/company/project-affinity/","thumbnail_url":"https://img.transistorcdn.com/ANwXhCelt2iUMbx8tfdVmHZJqNl9isRAslAugBsVdwc/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hZWY0/MDBkMzljZWJmODJh/Y2ViMTA2YzEzZDQ4/MGVlMy5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}