Prediction certainty 3/5 debate potential 3/5

Grimshaw: AI software will sell work and outcome SLAs rather than seats

Miles Grimshaw · The Ultimate AI Roundtable: What Happens Now in AI, Why Google are Vulnerable | E1085 · 20VC with Harry Stebbings · Nov 24, 2023 · at 13:55

Miles Grimshaw, General Partner at Benchmark, discusses how AI enables software business models to move away from per-seat software models to selling guaranteed work outcomes.

0:00 / 0:16exact quote · 16.9s
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“I think the way to encapsulate would be this idea of selling the work, not the software, and that we'll move from a paradigm where you might think of it as moving from what we see right now as a copilot and moving to what I think about as a control center, where we'll sell an SLA on Work, not an SLA on uptime.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Insight
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Opinion
Grimshaw: AI copilots are an incumbent strategy, not a startup opportunity
“I think Copilot is an incumbent's strategy. Incumbents own distribution, they own data, they own the UX, and they own a business model that all aligns to a Copilot.”
Miles Grimshaw Nov 24, 2023 ▶ 19:05 The Ultimate AI Roundtable: What Happens Now in AI, Why Google are Vulnerable | E1085 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Grimshaw: Tens of millions of software engineers will become AI engineers
“Tens of millions of engineers would become AI engineers versus like hundreds of thousands of ML scientists. That would beget the need for an application sort of framework for AI and tooling for that computing environment.”
Miles Grimshaw Sep 18, 2023 ▶ 0:00 Miles Grimshaw: The 5 Pillars of Venture Capital & Why Co-Pilot is an Incumbent Strategy | E1061 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Grimshaw: Benchmark uses no deal sheets, memos, or data room presentations
“We have no deal flow list, no sheet, there's no memos there's no data room presentations.”
Miles Grimshaw Sep 18, 2023 ▶ 15:49 Miles Grimshaw: The 5 Pillars of Venture Capital & Why Co-Pilot is an Incumbent Strategy | E1061 · 20VC with Harry Stebbings
Insight
Grimshaw: Slower, high-quality growth beats rapid growth in the wrong ways
“And often cases, I'd rather take less growth in the right ways than more growth in the wrong ways.”
Miles Grimshaw Sep 18, 2023 ▶ 32:36 Miles Grimshaw: The 5 Pillars of Venture Capital & Why Co-Pilot is an Incumbent Strategy | E1061 · 20VC with Harry Stebbings
Disclosure
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“If you would hit the spreadsheet of our investments almost all the capital we invest is the very first very first time we partner.”
Miles Grimshaw Sep 18, 2023 ▶ 39:41 Miles Grimshaw: The 5 Pillars of Venture Capital & Why Co-Pilot is an Incumbent Strategy | E1061 · 20VC with Harry Stebbings
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