Levie: Markets will differentiate software companies on AI agent impact
Aaron Levie · Aaron Levie: Everyone is Wrong; We'll Have More Developers in 5 Years · 20VC with Harry Stebbings · Apr 20, 2026 · at 39:59
Aaron Levie is the CEO of Box. He discusses how Wall Street currently evaluates software stocks indiscriminately rather than parsing AI winners from losers.
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“I would say that we're in a period right now where basically the market is being treated roughly as in, as the kind of indiscriminately, you know, kind of bucketed sector. And the next year, two years or whatnot, you'll start to see some separation and parsing between the companies, because as I noted in the beginning, agents will be really good for some parts of software. And agents will put pressure on other, other parts of software. So, and it'll mean some companies have to fully pivot and some companies can just sort of ride the wave.”
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