Ross: Putting excess capital into startups no longer provides an advantage
Jonathan Ross · Why Asking the Right Questions Is the Most Important Skill in the AI Age · Jul 5, 2026 · at 24:59
Groq founder Jonathan Ross discusses the changing dynamics of Silicon Valley venture funding using the Keynesian beauty contest framework.
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“What's changed though is that unlike the Keynesian beauty contest where the winner is the one with the most money, in reality, there's a point at which you get enough money and you don't need more. And for the first time in history, the startups are not starved for cash. They have all they need and more. So now everyone's getting funded to the level that they need and putting more money in is not an advantage, but people are still acting as if putting more money in gives that startup an advantage.”
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