Sequoia Capital, a prominent venture capital firm, is finding it increasingly difficult to uphold a traditional "gentleman's agreement" due to the intense competition and high valuations driven by the current AI boom. This situation highlights the significant impact of the AI surge on established investment practices and the broader venture capital landscape. AI
IMPACT The AI boom is altering traditional investment norms and creating new challenges for venture capital firms in maintaining established practices.
RANK_REASON The item discusses the impact of the AI boom on venture capital practices, reflecting an opinion or analysis rather than a specific event.
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