David Sacks

But the truth is no one really knows.

I mean, there's other dueling science fiction narratives where AI is going to create such a world of abundance that we're not going to need for anything.

I mean, there's other dueling science fiction narratives where AI is going to create such a world of abundance that we're not going to need for anything.

And just by the way, Derek Thompson is one of the abundance guys with Ezra Klein.

And just by the way, Derek Thompson is one of the abundance guys with Ezra Klein.

Yeah, let me just build on your point about SaaS.

Yeah, let me just build on your point about SaaS.

So the reason why there's so much uncertainty around SaaS is that SaaS used to be such a easily modeled and predictable category.

So the reason why there's so much uncertainty around SaaS is that SaaS used to be such a easily modeled and predictable category.

And I saw as a VC, we saw the same story play out across many, many different categories of software.

And I saw as a VC, we saw the same story play out across many, many different categories of software.

You'd have this initial period where there'd be this experimentation phase.

You'd have this initial period where there'd be this experimentation phase.

You have a bunch of different products that come to market.

You have a bunch of different products that come to market.

There'd be a battle.

There'd be a battle.

And then the market would eventually settle and there'd be a category leader

And then the market would eventually settle and there'd be a category leader

And they would capture most of the market share and the vast majority of the market capitalization.