# The Series B Is Becoming the Most Dangerous Round in AI - Date: 2026-04-24 - Category: Artificial Intelligence Q1 2026: $297B in VC with 81% to AI. But the mid-stage startup — not the solo founder — is the one getting crushed. Series B multiples dropped from 30x to 15-20x ARR while a single developer with a $20 API key can now build what required a full company two years ago. ---