tweets about AI and other fun stuff. currently @foundationcap; wrote the context graph paper.
previously McKinsey, @georgiatech, @stackfolio (acquired),
"Service as Software" is Silicon Valley's hottest buzzword right now.
Everyone's talking about SaaS becoming service providers, but no one's explaining HOW. The answer? After 6 months of research and 100s of startup conversations, we have the answer: Systems of Agents.
We're
SAP, Oracle, Salesforce are about to become this generation's Kodak.
Not from better features. Not from the cloud. But from the sudden realization that its core assumption - humans must translate their work for computers - just became obsolete. Every major enterprise company
We at @FoundationCap believe there is $4.6T of work to be automated. AI companies are leading a transition from Software-as-a-Service to Service-as-Software, turning the table on the very essence of SaaS.
We look at the areas to be automated in two buckets:
1.) Salaries of
nothing is better than the 3 Indian uncles making their rounds at the Databricks conference booths and saying “bakwaas” in Hindi to each other after the booth person finishes pitching them
Systems of Agents will become the new source of truth for enterprises.
As they capture and act on information at its source, understand the full context of business communication, and continuously learn from every interaction, they'll generate richer, more accurate data than
Prediction:
30% of OpenAI talent will remain at OpenAI
25% of OpenAI talent will go to Google, Anthropic, Cohere
40% of OpenAI talent will go to Sam Altman NewCo
5% of OpenAI talent will leave and start a new company
AI has given venture capital a new way to repeat an old mistake: kingmaking.
The pattern from 2021 is back: a category becomes "obvious," a top-tier firm anoints its winner, and everyone else acts like the decision is final.
Sierra for support. Harvey for legal. Applied Compute
AI-companies in 2023:
1.) Make a demo of a small feature / widget
2.) Tweet demo
3.) Pray it goes viral
4.) Get VC inbound
5.) Convince them its defensible from what OpenAI, plug ins, and incumbents
6.) Raise
7.) Get disrupted by incumbent
8.) Pivot
