Hamed

The primary opportunity for startups is not to replace incumbent software companies—it’s to go after automatable pools of work.

Earlier this year we met with our Limited Partners. Their top question was “will the AI transition destroy your existing cloud companies?”

We began with a strong default of “no.” The classic battle between startups and incumbents is a horse race between startups building distribution and incumbents building product. Can the young companies with coo... See more

With Generative AI’s budding reasoning capabilities, a new class of agentic applications is starting to emerge.

What shape do these application layer companies take? Interestingly, these companies look different than their cloud predecessors:

• Cloud companies targeted the software profit pool. AI companies target the services profit pool.


• Cloud compa

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The problem isn’t that machines are becoming more human-like, it’s that humans are becoming more machine-like in an effort to keep up.

Was Chatting With a Well-Known Founder Yesterday About the "Founder...