Keep pulling the thread on David Haber, Anish Acharya & Jen Kha.
The vast majority of net new revenue in the software industry is being driven by AI at both the application and infrastructure layers.
A new wave of AI software companies are achieving growth from zero to $100 million in revenue within one to two years, a rate rarely seen in previous software eras.
A core Andreessen Horowitz investment thesis is that AI software is creating new market categories by performing jobs previously done by human labor, a market significantly larger than the existing software market.
Andreessen Horowitz is investing in companies with proprietary 'walled garden' data sets, believing AI dramatically increases their value by enabling the delivery of finished products instead of just raw data.
The per-seat-per-month pricing model for customer support software, used by companies like Zendesk, is becoming an extinct business model due to AI's ability to answer the vast majority of queries.
The AI collections company Salient is able to increase the amount of money collected by its clients by 50% compared to traditional methods.
Alex Rampell is bullish on the ability of incumbent software companies like Intuit and NetSuite to successfully adopt and monetize AI within their existing products.
Approximately 15% of adults globally use ChatGPT on a weekly basis.
OpenAI has launched a product that can be considered a competitor to TikTok.
The neobank Mercury did not acquire existing customers from Silicon Valley Bank until the weekend SVB failed, exemplifying a 'greenfield' customer acquisition strategy focused on new company formation.
Amazon Web Services (AWS) accounts for the vast majority of Amazon's total market capitalization.
Corporate law firms that bill by the hour have a disincentive to adopt AI that makes junior attorneys more productive, as it could erode their billable revenue.