📖 Venture Chronicles - September 2023

Part of building a generative AI and real-time intelligence in our product is being able to react in real time . A lot of companies will say they have real time, I would call it next-day action versus next best action. Next-day action is you're taking action based on intelligence, that's been processed the night before because you're having to batc... See more

• By limiting their hiring and instead emphasizing the integration of AI into everyday workflows, Ramp itself has been highly human capital efficient, getting to $300m in annualized revenue with just c.500 FTEs .”


• “Finance work moving from humans to autonomous AI agents portends a shift from seats in payroll in Rippling ($135m revenue in 2022) towards

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• “The younger you are, the more likely you are now to feel lonely.” “Loneliness is now one of the most important problems our generation has to solve, alongside climate change and obesity.”


• If we’re becoming less religious, we are gradually substituting religion with other forms of cults like astrology, wellness clubs, or group therapies (e.g., Alcoh

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