Veteran VC Alan Patricof Sees AI Bubble Deflating, Advises Investing in Practical AI

Longtime VC Alan Patricof says AI valuations could be in a bubble as companies spend heavily without revenue. He suggests investing in companies using AI as a tool.

Patricof sees longevity as an important investment theme as people live longer and want solutions for old age.

Unlike past bubbles, Patricof says the recent correction has been more gradual as valuations fall to reality.

While some firms may continue to struggle, Patricof believes the VC market has largely "washed out" excess.

Patricof regrets missing Starbucks, failing to see people would embrace it as a lifestyle brand beyond just a coffee shop.