The founder in their 40s with taste and discernment is the new gentleman unicorn founder
Because there can be 100x to 1000x of them working at their beck and call via agents and software factories all the time
JUNE 2028.
The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation.
What happened?
https://t.co/JzzwCrbJgS
I raised $3.5M in seed funding for Kahani.
After our first investor meeting, my investors said: “That was the best post-investment first meeting we’ve ever had.”
My COO built an awesome Notion template which helped us crush it.
Want it?
RT + Reply “Gateway X” and I’ll DM.
The way GenAI is developing, it’s not long before all our menial tasks can simply be done by talking to the AI. Releasing more time for humans to do conduct intellectually stimulating work. Deep critical work to solve problems and enhance the human experience at extreme velocity.
Most people don't know this but Creative Destruction is a concept in economics that was originally derived from the work of Karl Marx.
To remind, it's a process where new innovations replace and make obsolete older innovations and originally referred to the accumulation and destruction of wealth under capitalism.
I think we are starting a new, critical cycle of creative destruction which I call the AI-Labor Paradigm.
On the one hand of this paradigm, we have daily innovations from AI models that, all else equal, serve to boost productivity by enabling people to do much more and do things much faster than they could otherwise. See below for an example of building an entire dashboard in minutes...
https://t.co/ei0Wufjy2W
At the same time, however, we are shifting the cost burden of labor ever higher as unions re-negotiate their labor deals. UPS workers making $180k/yr, Auto workers asking for a 4-day workweek and now hospitality workers in Las Vegas asking for their biggest raise ever. The goals of unions make sense and is what they are paid to do by their members.
But what people need to realize is that as Labor deals push OpEx ever higher, it will decrease profitability and profit margins which will introduce a third actor: the shareholder.
As shareholders, their incentive will be to maximize the profit per share of the shares they own, which naturally means lower OpEx or higher prices. But higher prices comes with the risk of lower demand, so most of the pressure will be to reign in labor costs.
This will push many companies to automate at an even faster rate than they are already. The economic incentive to replace humans with AI models and robots will get ratcheted much higher with each new labor deal. And with the actual capability of these models to do this well today increasing so quickly, it is a reality. We are on somewhat borrowed time.
The AI-Labor Paradigm must be managed carefully, otherwise, it will create a big productivity boost for a few accompanied by a stark wealth gap effect for the many.
I had originally thought that the advances of AI models and the demands of Labor would come to a head over the next 3-5 years and we would have time to manage it but I think this is wrong...it is happening right now.
https://t.co/pIcpPESJIU
This is the best, most interesting and saddest (!) presentation I have witnessed at any conference. Hard to be all three.
@bgurley torches the political class and calls out some superior forms of corruption he’s witnessed during his business career.
Must. Watch.
All-In Summit: 2,851 Miles with @bgurley
"The best talk in the history of All-In... and we need to get it out there immediately so it can start going viral."
- David Sacks, @allinsummit
📷 https://t.co/m0QHIJda6y