Same Money, New Game: VC After 2026

​"Why 97% of Startups Fail to Raise Investment"
Denis Kalyshkin, Investment Director at a US venture fund, 12+ years investing in B2B SaaS, AI and DeepTech

​Panel: "Same Money, New Game: VC After 2026"
What has changed in VC work and in what investors expect from startups in 2026

• ​Tihomir Bajić, General Partner at Fifth Quarter Ventures

• ​Denis Kalyshkin, Investment Director at a US venture fund, 12+ years investing in B2B SaaS, AI and DeepTech

• ​Dmitry Filippov, Investment Director at Yellow Rocks!

• ​Pavel Miasnikov, Venture Partner at Ingenerate.vc

• ​Alexander Martynov, Founding Partner at Flash Ventures

​Moderator: Blanka Šupe, Founder of Haos Community Space

​Questions for discussion:

• ​How has AI changed the way you source, evaluate and decide on deals?

• ​If AI can build an MVP in a weekend, what are you actually paying for now?

• ​What does a startup need to show in 2026 to get a second meeting?

• ​What happens to early-stage investing when the giants move into seed?

• ​Is deep tech finally venture-backable: robotics, space, energy, biology?

• ​Does location still matter: can a team from Belgrade raise like a team from SF?

• ​Which bets from the 2024–25 AI hype do you regret, and what did they teach you?

​Networking