While venture capital is scarcer than during the last crypto bull cycle, some sectors are seeing a rise in valuations, drawing investors’ full attention in 2024.
During a panel at Web Summit Qatar moderated by Cointelegraph editor-at-large Kristina Cornèr, venture fund executives discussed their investment strategies for the coming months and what makes founders stand out.
According to Kevin Holmes of the Founders Network, startups working on artificial intelligence (AI), climate technology, biotechnology and the healthcare industry are on the rise. “This year, it feels like we’re coming back and we’re on the verge of another sort of boom with GenAI,” he stated.
Artificial intelligence is also a big focus for Zach Coelius of Coelius Capital. According to him, there’s a “tremendous amount of excitement” around AI startups, with gains and product improvements backing up the trend surrounding the technology:
Speaking about the attributes of a founder who is able to turn the tables, Adwa Aldakheel of Falak Investment Hub listed perseverance as one of the most important:
As for Coelius, a startup founder needs to think creatively about how their product can solve problems. “What you see all the time in the startup is everybody […] doing the same things, in the same ways, and very rarely do those outcomes work out. It’s the original thinkers who are out, really trying to come up with new ways to solve new problems with new technologies, that ended up being the biggest outcomes.”
Holmes of the Founder Network believes that having a global mindset when looking for capital can be a key to crossing barriers:
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