If Not AI, Then What? Exploring Investor Interests In 2024

Experts predict that 2024 will see a second wave of AI startups, focusing more on specific sectors rather than building on the giants' platforms. However, investment interests stretch beyond AI, embracing sectors such as cybersecurity, blockchain, IoT, renewable energy, and more. Founding Partner at Big Sky Capital, Jahn Karsybaev, emphasizes the growing concern for cybersecurity, projecting a notable increase in company spend in this area. Similarly, Valerie Bertele from Yellow Rocks points to cybersecurity investments leading the pack, in light of broader enterprise cloud adoption and significant data privacy threats.

Industry experts foresee expansions in climate tech, edtech, healthtech, and even manufacturing, driven by AI's integration into these sectors. There's a strong push for renewable energy, nuclear fusion, electric vehicles (EVs), and new battery technologies. Additionally, less traditional industries like agtech, proptech, and legal tech are expected to rise, fueled by advancements in technology and society's changing needs.

The global landscape, including events like the Paris Olympics and international elections, could impact various sectors differently, with potential boosts in sports tech, media, and hospitality. The continuous evolution towards electric vehicles, health tech, and remote work tools reflects the alignment with broader societal trends and technological advancements. Despite a potentially challenging fundraising environment in 2024, industry leaders remain hopeful for growth and innovation, particularly in technologies that dramatically alter our lives.

In conclusion, the venture capital landscape is poised for a meaningful shift towards sectors empowered by AI and societal needs. While 2024 may present hurdles in fundraising, the focus on vital and innovative technologies forecasts a landscape ripe with opportunity and transformation. For a deeper dive into these industry insights and predictions for 2024 and beyond, it's crucial to explore the original post.