First: Ilya in particular will be able to raise easily regardless of general market conditions because of his experience and track record.

Second:

> allow me to assist in your understanding of the bigger picture: large funds use VCs as money mules to increase Nvidia GPU sales through investments in AI startups and this is not sustainable.

You have to be trolling (or I'm misunderstanding?) if you're arguing that a large proportion of VC investments are at the direction of LPs who are long NVIDIA, for the sole purpose of furthering that long.

> if large funds are unloading their shares, if executives are cashing out their stock options, who is left to buy the bags?

Literally the buyers purchasing the shares that the large funds and executives are selling.