According to Crunchbase News AI, Larco's premise hinges on a founder preference shift catalyzed by the SVB crisis. In our view, this analysis, while insightful, risks being overly binary. The venture landscape has long accommodated both generalist giants and niche specialists; the real story may be less about a new preference and more about the maturation of the early-stage ecosystem, where credible specialists can now compete on more than just signaling. The durability of this trend will be tested in the next market downturn, when the deep pockets and portfolio support of larger firms could again become paramount for survival.