Spent the weekend talking to dozens of founders at YC alumni reunions and realized that we’re in the middle of an inflection for hard-tech companies. (10% of the recent batch of 240 startups are in hard-tech)

Sharing some thoughts on why this is happening below ⬇️

Building @frens | @orangedao | @a16zcrypto CSS

It doesn’t make hardtech any easier and VC and IPO funding is drying up in general because of the same trends - there is definitely a rotation happening but I am not sure it will create for the outcomes for everyone. Maybe some highflying nuclear, space startups… bullish though on anything precision farming that you can spin up in your house and AI/AR wearables!