A look at why Dotcom Bubble comparisons to the AI boom are off, vertical SaaS is up +3% last 12 months vs. horizontal SaaS down 35%, and other reflections on AI
This week I co-wrote Redpoint's 2026 Market Update for our Limited Partners with my colleagues @AdilBhatia and @lydianday.
A 10x economy sounds amazing on paper. But abundance at the system level does not mean safety at the human level. The future may get extraordinarily bright. But before that, for a lot of people, it gets very dark. https://x.com/...
There is so much good stuff in here, this is well done and worth the time to read and digest. I've spent a long career in the software space, and this is the most exciting and transformative time I've ever seen. And to be honest, I doubt I'm contemplating all the possibilities.
Interesting callout by @Redpoint. In the 70's ATMs were supposed to all but eliminate human bank tellers. Not what happened. With lower cost to operate a branch, number of tellers and branches increased. A lot. [image]
@loganbartlett You know the biggest problem for AI: the sheer lack of joy. That's the real adoption barrie. Then you have on fascist narratives, the gloating at the prospect of people losing jobs, the condescension. AI today = joyless proposition pumped by the worst people in the…
@loganbartlett Great piece, lots of research. Would love to see profitability profile of these AI startupsand players. And the cost of running agents. Hopefully in next edition.