In my experience, point 2(no strategy or plan) was always the problem. AI is not going to help you there. Saying you are AI-native might help you get some funding in this bubble but you will still need to show results. The rest of the points have always been valid and nothing to do with the current AI cycle. Just my experience and opinion of course but this is across a few different countries.

That's also because lots of VCs are still funding anyone with a "technical background" these days. "You know how to code? Here's $20 million"