VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices

VCs are increasingly buying shares of late-stage startups on the secondary market as they try to get pieces of the hottest ones — especially AI companies. But they are also increasingly doing so through financial instruments called special purpose vehicles (SVPs). Some of those SPVs are becoming such hot commodities that they are commanding premium […] © 2024 TechCrunch…