I just saw a very interesting post about what's happening in the VC market right now. Tom Dunleavy, who works with investments at Varys Capital, made an analysis that quite accurately summarizes the radical change we've been experiencing in recent months.

Basically, everything has turned upside down. About six months ago, the scenario was completely different. VCs needed to spend all their time networking, creating content, appearing on podcasts, participating in Spaces, selling their investment thesis. It was exhausting, many calls per week, a lot of prospecting work. Now? Just having available capital is enough. Projects literally come to you. If they know you have money, deals appear on their own.

The downside is that most funds are in a complicated situation. Some have run out of cash, others have shifted focus to Series A and later rounds, and many are trying to raise funds but with little success. Varys Capital and a few other funds are still actively operating in pre-seed and seed, but Tom mentions that there are probably fewer than 20 institutions truly active at this stage now.

Another detail: processes have become much slower. What used to close in 2 or 3 weeks now takes 2 or 3 months. But that's not entirely bad, because VCs finally have time to do proper due diligence. And projects with questionable models or just copying the latest trend can no longer get funding. That’s healthy.

The main point is that 2025 and 2026 could become a "historic opportunity" for those who manage to stay in the game. VCs now have the power of choice, and that changes everything. Those with capital and patience will reap the rewards. This dynamic is quite different from what we were seeing before.