In any market where VCs are inactive, young people should think carefully before joining. So right now, the most active areas where young people should focus are: 1. AI 64% of global venture capital is flowing here—it’s the only major hot money pool. 2. Robotics The second most active frontier for VCs. 3. Web3 cash-flow businesses Exchanges, market makers, stablecoins, and payment compliance—these generate real profits. 4. Storage and computing giants HBM capacity is sold out through 2028, with average prices projected to rise 54%. ChangXin’s net profit is in the tens of billions—this is the domain of state-backed and industrial capital. In markets without hot money, young people who enter are just cannon fodder.