Generative AI Startups

“In other words, do I think the outcomes of these companies can be huge? And arguably even bigger than some of the SaaS companies. Yes. So quote, the upside is there.”

“So when I look at all those things, And the entry prices that a marginal late stage investor would be asked to pay, which are these multiples here. I'd be like nervous. I'd be nervous. I'll leave it at that.”

“A lot of the value, not all, but a lot of the value in this early platform shift is going to be captured with income by the incumbents. And naturally it's because they already have huge advantages on distribution data and workflows over their upstart competito…”

“The behavior that's developed around these things is iterative, and so that human in the loop that used to be in a central company is now the user, so it's not a variable cost to the business anymore.”