#founder: Mid Market #AI Beats Enterprise. #entrepreneur #investing #technology #tech #startup #vc

​@pitchbook's Nizar Tarhuni draws a clear line on where vertical AI defensibility actually holds up: strong in the middle market, where a specific workflow solution wins real staying power, and much harder at the enterprise level, where data sensitivity and internal capability push companies to build their own tools instead. Watch the full episode of Founded & Funded for more on where capital is really landing across the model, infrastructure, and application layers, the new normal for AI seed valuations, the tranche-financing structures Nizar sees shaping deal terms for founders, and why AI harnesses are shaping up as a winner-takes-most category.