Web Summit: Tengbo Li on what founders need from investors in the AI era?

At Web Summit Vancouver, Axios’ Lucinda Shen hosted Tengbo Li of ICONIQ, Everett Randle of Benchmark, and Joanne Chen of Foundation Capital for a conversation on how venture capital is changing in the AI era. The discussion explored what founders need as the market shifts — from focused early-stage partners to scaled platforms with deeper resources. Across the conversation, one idea came through clearly: capital matters, but the quality of partnership matters more.