Mitchell Green: Why 50% of VCs Should Not Exist & Why China will Win the AI War

Mitchell Green of Lead Edge discusses investment strategies amidst market volatility, emphasizing the importance of disciplined pricing and focusing on companies with strong gross dollar retention. Green highlights the potential of AI to drive productivity and create new companies, while also noting the risks of overvalued AI startups. He argues against the casinoization of public markets and advises buying fundamentally sound businesses, especially during downturns. Green also touches on the ByteDance discount, China's potential dominance in AI, and the need for venture funds to prioritize returning capital to LPs. He stresses the value of connecting founders with experienced operators and warns against investors who over-promise or add negative value by pushing unsustainable growth strategies.