The Learning Corner by Precursor
The Learning Corner by Precursor
Welcome to the Learning Corner, a weekly Precursor Ventures podcast, where members of the Precursor team walk through their favorite articles and news snippets across the venture ecosystem.
Mia FarnhamCharles Hudson
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Episode #66: AI Fatigue Is Real, Patient Capital Will Eat VC, Building a GP Reference List

E66 • Feb 12, 2026 • 23 mins

This week on The Learning Corner, Mia and Charles unpack why AI is making engineers more productive but more exhausted, exploring the hidden cost of constant tool evaluation and "thinking atrophy." They then dig into a provocative argument that venture capital's traditional model is fundamentally breaking down and why the future looks more like permanent capital than ten year fund structures. Finally, they walk through Julia Maltby's tactical guide on building a GP reference list that actually closes LPs, including why your best reference might be a founder from a deal that didn't work out.

Key Points

  • Effective use of AI in software development can lead to increased productivity but also greater mental fatigue and decision-making challenges for engineers.
  • The future of venture capital may shift towards patient, permanent capital structures that offer more flexibility and resilience compared to traditional ten-year fund cycles.
  • In fundraising, GPs should carefully select references who can genuinely speak to their investment skills and firm operations, and prepare them with specific stories to ensure consistency and impact.
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