Episode #85: Venture's Cognitive Dissonance Moment, Cold Pitches Actually Work, Building Your Moat Later

Episode #85: Venture's Cognitive Dissonance Moment, Cold Pitches Actually Work, Building Your Moat Later

July 9, 2026 · 18 min · Episode 85

About this episode

The episode discusses the current state of AI venture capital, the effectiveness of cold pitches, and the concept of startup moats.

Is AI venture living through its biggest bubble yet, or its biggest winner-take-all cycle ever? Charles and Mia break down Samir Kaji's read on the duality driving valuations to record highs. They also dig into a Stanford field experiment proving cold pitches to investors work far more often than founders think, and challenge Tomasz Tunguz's take on why most startups don't actually have a real moat at founding. A fast, sharp look at three ideas shaping venture right now.

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Hosts: Charles Hudson, Mia Farnham

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