AI native companies

3 statements across 3 episodes · 2 bullish · 1 bearish · 3 people on the record · first statement Oct 2, 2024 by Bret Taylor · across every show →

Everything said about AI native companies, oldest first

Oct 2, 2024 bullish
Prediction Open · timeframe Oct 2029
Taylor: AI will yield a trillion-dollar consumer giant and 10+ public companies
“We will look back and laugh at some of the excess, but I'm confident we will have, you know, a brand defining and likely trillion dollar consumer company come out of this. 10 plus enterprise software companies that are enduring, you know, public companies comi…”
Bret Taylor Oct 2, 2024 ▶ 9:27 Bret Taylor: Why Pre-Training is for Morons & Companies Will Build Their Own Software | E1209 · 20VC with Harry Stebbings
Oct 2, 2025 negative
Assertion Open · timeframe Oct 2026
Lemkin: AI-native startups under $100M ARR average -126% cash margins
“AI native companies, the ones we're all so excited about growing so quickly under a hundred million ARR. Have terrible free cash flow margins -126%. It's much worse. Non-AI companies are -56%.”
Jason Lemkin Oct 2, 2025 ▶ 1:33 Are Burn Multiples BS in an AI World? & Sam Altman Needs $1TRN of Energy · 20VC with Harry Stebbings
Feb 9, 2026 positive
Insight
Acharya: AI startup gross margins are worse, but compute subsidies are healthier CAC
“So I do think that the blended margin story for AI native companies tends to be worse. But if you look at the overall sort of form of distortion that's happening, it's a much better one than we had five years ago.”
Anish Acharya Feb 9, 2026 ▶ 25:20 a16z, Anish Acharya: Is SaaS Dead? Do Margins Still Matter? Why We Are Not in an AI Bubble? · 20VC with Harry Stebbings
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