Keep pulling the thread on Byron Deeter.
Byron Deeter predicts that the current AI technology wave will create many trillion-dollar businesses.
Bessemer Venture Partners has invested nine-figure sums (over $100 million) into each of Anthropic, Perplexity, and Canva.
According to current reports, Anthropic may be raising a new funding round at a $170 billion valuation.
The top three LLM companies, Anthropic, OpenAI, and xAI, are projected to raise a combined $100 billion in a six-month period.
Byron Deeter predicts that AI integration will be a growth catalyst for vertical SaaS companies, similar in impact to the addition of payments, potentially doubling their Total Addressable Market (TAM).
Companies like Canva and Intercom have AI products that are already generating revenue in the hundreds of millions of dollars.
Byron Deeter asserts that AI technology solutions are definitively expanding beyond technology budgets to capture spending from human labor and services budgets.
Dario Amodei of Anthropic predicts that AI will enable the compression of 100 years of medical research into the next decade.
Shopify achieved 91% revenue growth over the last few years while simultaneously reducing its workforce by 30%.
Byron Deeter predicts the rise of "micro businesses," where companies with as few as 10 employees will achieve billion-dollar valuations due to AI-driven leverage.
A new class of AI companies, which Bessemer calls "supernovas," are achieving growth from zero to $100 million in ARR within 1.5 years.
Anthropic's revenue grew from zero to over $100 million in one year, and is projected to exceed $1 billion in the following year.