Grindr CEO: AI Venture Capital is a Bubble

Grindr CEO George Arison warns that the AI gold rush could lead to a VC bubble, similar to the SoftBank era, where too much money chases too few viable ideas. He argues that while AI tool builders are relatively stable, AI application companies are being overhyped and face a high risk of failure, even as Grindr itself dives into AI. Arison isn't worried, though, seeing this boom-and-bust cycle as typical VC behavior, and notes that established players like OpenAI benefit from discouraging competition. He highlights the rapid pace of AI innovation, citing examples like Uber overtaking Taxi Magic and the rise of Claude Code over Cursor, while expressing admiration for Elon Musk's Grok. Ultimately, Arison believes VCs are herding, while Grindr focuses on unique AI features, navigating the hype on their own terms. Hosted on Acast. See acast.com/privacy for more information.