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Why VCs keep changing their mind about what’s hot and not

Fast Company Tech Leslie Feinzaig April 27, 2026
Why VCs keep changing their mind about what’s hot and not
AI Summary— plain English for professionals

# Why Venture Capitalists Keep Flip-Flopping on What They Fund Venture capital firms are constantly changing what they claim to invest in—not because the technology or business fundamentals have changed, but because politics and public opinion have shifted. When a topic becomes politically controversial (like climate change or diversity), VCs simply rebrand their same investments using different language rather than actually changing course. This means that what gets funded often has more to do with what sounds acceptable at a given moment than with any real strategic thinking.

I have a confession to make. I keep a secret document in my Google Drive titled “Fund Theses That Piss Me Off.” And every time I read about a venture capital fund with a generic, meaningless, or buzzwordy thesis that manages to raise a bunch of money regardless, I copy and paste it into my burn pile

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