In the last decade or so, VCs have been less interested in finding the next Facebook or Apple or Google, but rather something they could sell as such. So they always seemed to fund the same kind of founder, the same great kind of vision for the future. They did so long enough to keep the lights on until an IPO, or SPAC as of late. Now that this route is basically dead, they seem to reevaluate their portfolios differently. And that might actually include the non-marketing side of the due dilligence nobody seems to have done so far.
Sure, risk profiles in a a high-interest rate environment function differently from those in a "here's some money at ~0% interest" one. And I wouldn't be surprised by ag-tech being off the table for a few years in portfolios due to the fact that it's not well understood by many VCs.
