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Fortune

Allie Garfinkle

Portfolio review takes on a new urgency for VCs as AI makes 2024's great deals look like 2026's clear mistakes

Perplexity Fortune

(Credit: Michael Faas—Fortune)

In Ferris Bueller’s Day Off, Matthew Broderick famously winks straight into the camera: “Life moves pretty fast.”

Life does move fast, but AI might move even faster. I talk to VCs all day, and it recently occurred to me: Though venture capital’s meant to be the long game, AI is moving so quickly that it’s making deals that looked good in 2024, obsolete by 2026.

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