As we head into 2026, the venture market is cautiously turning a corner, but not snapping back.

Capital is moving again, innovation cycles are accelerating, and AI continues to reshape what small teams can build. At the same time, higher interest rates, election-year volatility, and shifting consumer trust dynamics mean founders and investors alike must stay disciplined.

Here’s how we’re thinking about the market, AI’s evolution, and what matters most for builders in the year ahead.