TCV cofounder Jay Hoag slams VCs' AI herd mentality: 'like 7-year-olds playing soccer'

Venture capitalist Jay Hoag criticized what he sees as a blind rush toward AI by VCs, likening the behavior to kids on a soccer field.

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• Veteran venture capitalist Jay Hoag criticized VCs' blind rush toward AI.
• The cofounder of TCV likened the behavior to "seven-year-olds playing soccer."
• Hoag also expressed concern about the "enormous" sums poured into startups during the 2020-2021 tech boom.

Veteran venture capitalist Jay Hoag thinks the AI investing hype has gone too far.