Building an AI wrapper in 2025 is the startup equivalent of building a Blackberry app in 2012.
YC saw it coming before anyone else.
W26 wasn't a software batch - it was a services batch.
56 AI-native companies that don't sell subscriptions.
They sell outcomes. They charge for the work they do.
Corvera runs CPG supply chains on autopilot.
Ritivel files FDA clinical trials.
LegalOS files your visa directly.
These aren't tools that help humans do the work.
They are doing the work.
The SaaS playbook is dead.
The term sheet now goes to the founder who replaced the entire team, not the one who gave it better software.