David Sacks

So in any event, I think ad-supported models might make a comeback here in addition to premium models.

All that being said, though, as an investor, I always liked B2B businesses better than B2C because it is hard to monetize consumers.

Their willingness to pay is not that high, and they tend to have high churn rates, whereas businesses tend to be very sticky, and you can upsell them, and you can get more than 100% net dollar retention year over year.

So if you can make an enterprise business work, it's always been a model I've liked.

But

That being said, obviously, some of the most valuable companies in the world are consumer companies.

Meta, Google, Apple, these are all consumer-first companies.

Look, I think ultimately both models can work.

Well, Google is going to compete very vigorously for the consumer because it is existential to them.

I mean, it's very clear that search and AI chat are kind of merging into one space.

That means that ad links will kind of merge into being in chat advertising.

So they have to adapt with that and compete for the consumer.

I also think that Google is in an outstanding position to do the whole OpenClaw thing because they already have access to your calendar, your documents, your email.

So the agent doesn't really have to earn your trust because you already trust Google with all of your stuff.

So I'm kind of waiting for the Google version of OpenClaw.

Because I don't really want to share all my documents with some new service.

Well, I think it's interesting.

They're kind of betting on the idea that they can own the change management around AI.

And this is the thing is everyone just kind of assumes that you throw AI over a wall and a business just automatically knows how to use it and drive efficiency from it.

And what we're seeing is it's pretty difficult.