You and your ragtag team of engineers likely won’t be able to create something that is competitive with any big incumbent product. However, you can build features, seed content, and brand it in a way that is so obnoxiously relevant for a particular group of people that their… Show more

The Google AI team is in such a tough place: the targets will keep moving as their competitors advance. Any launch will hurt the brand that doesn’t live up to expectations which are rising. Throwing thousands of engineers to accelerate typically will slow things down. It’d be… Show more

And I guess I don’t understand why anyone expects AI to make highly profitable quasi-monopolies even more profitable. How much bigger can the market for Office or Google search get? I understand that these companies feel the need to invest in AI for defensive purposes, to fend off potential competitors. But this need should if anything make them le... See more

Earlier this year we met with our Limited Partners. Their top question was “will the AI transition destroy your existing cloud companies?”

We began with a strong default of “no.” The classic battle between startups and incumbents is a horse race between startups building distribution and incumbents building product. Can the young companies with coo... See more

In business, there is this idea of the moat: the advantage that one business has over their competitors. If the blockchain and AI take hold, those moats will no longer be data and content creation. Which seems like a bad thing–but what’s left? From my perspective as a nascent entrepreneur, future moats fall into three broad categories: proprietary ... See more