McCormick: Most fast-growing AI software startups will flatten and fail to IPO
Packy McCormick · How Writing Led To Investing In Ramp, Scale AI, Replit, Varda | Packy McCormick, Not Boring · Sourcery with Molly O'Shea · Feb 14, 2025 · at 37:20
Packy McCormick, founder of Not Boring Capital, explains why he avoids fast-growing pure software and AI application startups.
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“By choosing to, like, not play in this space, I'm definitely missing a trillion dollar company or two, but I think for the most part, like, I think there's gonna be, like, a lot of these types of things happening, or even, like, these types of curves, where the growth just kind of, like, flattens, and, like, people keep using it, and whatever, and it's fine, but I, it just is, like, very hard for me to see IPO in seven years, or whenever they need to go public.”
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