Venture capital is navigating a "tale of two cities," Deena Shakir, the General Partner of Lux Capital, tells Yahoo Finance's Madison Mills at Yahoo Finance Invest. Shakir notes that while AI and defense tech have been benefiting from tailwinds, everything else "has not quite seen that exuberance yet" from things like lower interest rates.

Shakir goes on to say it "remains to be seen whether we're actually going to see some real healthy IPOs," and that the merger and acquisition (M&A) scene has "been a little tough."

As for the future of venture capital under a second Trump administration, Deena Shakir highlights another divergence she is seeing.

For venture capital, the new administration under President-elect Donald Trump may present some broad macro excitement in the industry. When it comes to companies focusing on women's health, Shakir says she does not see many in that space sharing the same optimism.

However, Shakir also adds that "regardless of who is in power in the Oval Office, healthcare needs don't go away — they won't go away. So the opportunity for entrepreneurs to step in and use technology to create really valuable businesses, but ultimately to serve the needs of advancing human health for women and for families, is perhaps more important than ever."

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This post was written by Ivana Freitas.