Michelle Gonzalez of M12 believes the enterprise is not ready for an 'agent-first' world and predicts that core infrastructure areas like observability and identity will break as AI agents begin makin...

Michelle Gonzalez leads M12, which is Microsoft's early-stage venture fund.

Michelle Gonzalez believes the 'triple, triple, double, double' growth benchmark for venture-backed SaaS companies is no longer the standard.

Gross margins below 60% are becoming accepted as normal for AI companies, which is significantly lower than traditional SaaS company margins.

Michelle Gonzalez predicts a "comeback" for consumer technology startups, an area that has seen relatively little investment recently.

The company OpenArt has achieved $70 million in Annual Recurring Revenue (ARR) with a team of approximately 15 employees.

M12, Microsoft's venture fund, primarily invests in enterprise-focused companies from the seed stage through Series B.

M12, Microsoft's early-stage venture fund, primarily invests in enterprise-focused companies from the seed to Series B stages.

Michelle Gonzalez believes the enterprise is not ready for an "agent-first" world, and that the adoption of AI agents making trillions of decisions will cause systems related to observability and iden...