Sapphire Ventures Partner: AI Startups Must Prove ROI in 'Show Me' Era

Anders Ranum of Sapphire Ventures says AI startups now face a 'show me' era where they must demonstrate real revenue and customer traction to secure funding. He notes that public market multiples for AI software have compressed, forcing private valuations to align with fundamentals. Ranum advises startups to focus on solving specific business problems rather than chasing hype.