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Gokul Rajaram observes that recent successes by firms such as SpaceX, OAI, and Anthropic are influencing how some investors evaluate companies.
He highlights instances where two investors declined introductions to a company he considers strong, indicating they are now only interested in markets worth at least a trillion dollars.
Rajaram has previously relayed a growth investor's view that difficulty in raising capital signals weak investment potential for companies, according to a prior report. He also noted that Cerebras went public at a $63 billion valuation with a $20 billion OpenAI backlog after years of industry advocacy, as highlighted in a separate article. These observations add to ongoing discussions about investor criteria in emerging markets.