Keep pulling the thread on Navin Chaddha.
According to the NVCA, 67% of all venture capital investment dollars went into AI companies.
A 14-month-old stealth portfolio company of Mayfield's in the optical interconnect space has grown from zero to $3 billion in revenue.
Navin Chaddha states that the only categories experiencing hyper-growth in revenue are hardware, foundation models, and AI coding assistants like Cursor and Lovable.
Navin Chaddha predicts that AI will address 10% to 20% of the $30 trillion global spend on knowledge workers, creating a $3 to $6 trillion market opportunity over the next five to seven years.
Navin Chaddha believes the current AI era represents a 100x market opportunity, significantly larger than the 10x opportunities of previous tech waves like web, mobile, and cloud.
Navin Chaddha predicts that the AI era will create many companies valued at over $100 billion.
According to Carta data for the first half of 2025, AI companies received valuations 30.9% higher and secured 33% more capital than non-AI companies.
Navin Chaddha predicts that within a year, 90% of all venture capital investment will go to AI companies, up from the current 67% reported by the NVCA.
Navin Chaddha predicts that non-AI native companies will soon take 10 times longer to raise capital compared to their AI-native counterparts.
Navin Chaddha asserts that the AI era is shifting software business models away from per-user-per-month subscriptions towards consumption-based or outcome-based pricing.
Navin Chaddha states that the new revenue growth expectation for a top-tier AI application company is $1 million in year one, $10 million in year two, and $50 million in year three.
Navin Chaddha observes that many AI coding assistant companies have very low or even negative gross margins, around 15-20%, in contrast to the 70-90% gross margins of traditional SaaS companies.