...and industry will often adopt tools that were brought to them by their accountants.
Extra contrarian view:the winner in this space will be a EU/CA/AU born startupโVAT/GST creates a market for invoice/receipt capture tools = richer dataset for AI to use VS bank feeds in the US
Very interesting post! As someone building in the space, I thought it would be fun to compare notes
Here are some key points and our take on them
(warning: I'm paraphrasing for X and some quotes are taken out of context. Read full article here https://t.co/sJuvVHxSO9)
Almost one year ago exactly, @seema_amble and I went down the accounting rabbit hole. In the 12 months since, we've been lucky enough to speak with countless founders, practitioners and technologists in the space, and have concluded there are now 3 certainties in life: death, taxes and AI. https://t.co/657z30wKCt
a16z: Senior IC practitioners are likely not the right path in the door for sellers of GenAI accounting and workflow products.
๐ผ: This is where our views differ the most. We believe accounting firms are the best go-to-market because they feel the pain most strongly ...