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An early-stage VC shares why he's not investing in AI coding startups

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- Antler partner Jussi Salovaara isn't interested in investing in new vibe-coding startups. - Salovaara said he's excited about founders with deep domain expertise instead. - He said we may see existing AI coding firms acquire smaller ones. He's invested in over 600 companies and oversees $72 million in assets. But you won't find a vibe-coding company in his portfolio of the earliest-stage startup...
The strongest version of this narrative is that the AI coding market is maturing, with early winners like Lovable establishing dominance, leaving little room for new entrants. Salovaara’s skepticism is grounded in practical concerns—differentiation, cost volatility, and the risk of being outpaced by larger models. His preference for domain-specific AI startups reflects a broader trend: the shift from general-purpose AI tools to specialized applications where expertise matters. This aligns with a...