The article provides insights from several venture capital experts on what they expect to happen in the world of startups and venture capital in 2025. Here are some key takeaways:

Consolidation in the startup space: Several experts predict that some big-name unicorns will either merge or close due to lack of growth and cash flow issues.

Shift from software to hard technology: With the rise of generative AI, there may be a surge in venture dollars going towards hard technology such as bio, tech, hardware, and other forms of deep tech.

Increased focus on climate-related disasters: A significant climate-related disaster, geopolitical conflict, or economic shock could fundamentally reshape the startup and VC landscape.

Change in investment approach: The experts expect to see fewer deals but with greater diligence and meaningful value-add from investors. This signals the end of the "growth-at-all-costs" mentality and a focus on paths to profitability and sustainable business models.

Return of consumer tech: With AI creating new applications for consumers, there may be a reversal in the trend of recent years where enterprise SaaS companies received more investment than consumer applications.

Unexpected developments: The experts also mention that something unexpected could happen, such as OpenAI converting to a for-profit entity just for Microsoft to acquire it in the largest acquisition ever.