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What's ahead for startups and VCs in 2026? Investors weigh in [TechCrunch]
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and running by now (which didn't quite happen), while others thought the momentum behind AI was poised to accelerate (and they were right). This year, TechCrunch did the same thing, talking to five investors from various markets about what they are preparing for in 2026. Here is what they said. What will it take for a founder to raise next year, compared to last year? James Norman , Managing Partner, Black Ops VC Raising in 2025 requires a shift from ‘visionary' to ‘battle-tested.' In previous years, capital has been a primary moat; now, investors are wary of ‘pilot purgatory,' when enterprises test AI solutions without an urgent need to buy. In 2026, the bar is rising. Founders must prove to VCs they have more than just traction; they need a distribution advantage. Investors are digging deeper into repeatable sales engines, proprietary workflow/processes and deep subject matter expertise that holds up against the ‘capital arms race'. VCs no longer care about who's first to ma
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