AI Gold Rush Creates Billionaires and Bankruptcies in 2026
The AI gold rush is real, but it’s not what most founders think it is. The top 10 AI companies absorbed over $200 billion in 2025 investment while 89% of startups never survived to Series A. The winners didn’t build better models. They started with unfair advantages AI made unstoppable.
Khosla Ventures Bets $10M on the Man Who Crashed Bench
Ian Crosby’s bookkeeping startup Bench imploded in December 2024, leaving 12,000 small business customers locked out of their financial data. Now Khosla Ventures is backing him with $10 million for his next venture. Here’s why that’s not crazy, it’s calculated.
Rec Room Shuts Down After $3.5B Valuation Peak
Rec Room’s permanent shutdown after reaching a $3.5 billion valuation proves that 150 million users mean nothing without sustainable revenue. The social gaming platform’s collapse is a harsh lesson for the entire tech industry.