Eoghan McCabe

Yeah, I think that's right in the fullness of time. And again, if you held on to your stock in fax companies, you'd be crushed. But for the first 10 years, you would have made a fucking fortune. So in technology, it's all about timing and it's all about waving success of growth cycles and riding the trends in that moment in time. And then you must reinvent yourself and kill yourself.

Yeah, I think that's right in the fullness of time. And again, if you held on to your stock in fax companies, you'd be crushed. But for the first 10 years, you would have made a fucking fortune. So in technology, it's all about timing and it's all about waving success of growth cycles and riding the trends in that moment in time. And then you must reinvent yourself and kill yourself.

You asked an interesting question at the start. We've already forgotten what it is. Well, I asked the question, which is like, why are you not fucked by AI? And that's the answer. It's because sure, AGI crushes all of software in the fullness of time, but it takes a really long period of time to pick up these technologies.

You asked an interesting question at the start. We've already forgotten what it is. Well, I asked the question, which is like, why are you not fucked by AI? And that's the answer. It's because sure, AGI crushes all of software in the fullness of time, but it takes a really long period of time to pick up these technologies.

You asked an interesting question at the start. We've already forgotten what it is. Well, I asked the question, which is like, why are you not fucked by AI? And that's the answer. It's because sure, AGI crushes all of software in the fullness of time, but it takes a really long period of time to pick up these technologies.

There's various aspects of it. The rate at which AI is going to change the whole world is a little overhyped. You know, the raw technologies will be built long before they have real impact in the world. That said, even the technology community at large has not yet made contact with technology. how valuable AI already is.

There's various aspects of it. The rate at which AI is going to change the whole world is a little overhyped. You know, the raw technologies will be built long before they have real impact in the world. That said, even the technology community at large has not yet made contact with technology. how valuable AI already is.

There's various aspects of it. The rate at which AI is going to change the whole world is a little overhyped. You know, the raw technologies will be built long before they have real impact in the world. That said, even the technology community at large has not yet made contact with technology. how valuable AI already is.

There are 100, 200, maybe there are 500 companies globally that have built AI-first products that are blowing up. I saw some statistic that showed that the average time it took for a SaaS company to reach 30 million an hour or from a specific investor who was picking great SaaS companies was something like four or five years.

There are 100, 200, maybe there are 500 companies globally that have built AI-first products that are blowing up. I saw some statistic that showed that the average time it took for a SaaS company to reach 30 million an hour or from a specific investor who was picking great SaaS companies was something like four or five years.

There are 100, 200, maybe there are 500 companies globally that have built AI-first products that are blowing up. I saw some statistic that showed that the average time it took for a SaaS company to reach 30 million an hour or from a specific investor who was picking great SaaS companies was something like four or five years.

And the average time for these AI companies to reach 30 million ARR was less than two years. AI application companies are currently blowing up in a way that people don't realize. They're currently delivering a lot of value.

And the average time for these AI companies to reach 30 million ARR was less than two years. AI application companies are currently blowing up in a way that people don't realize. They're currently delivering a lot of value.

And the average time for these AI companies to reach 30 million ARR was less than two years. AI application companies are currently blowing up in a way that people don't realize. They're currently delivering a lot of value.

Of course, when anything new happens, any new trend, there's going to be so much noise. And it's your job to be one of the few investors who can spot the signal and the noise and beat the market. Most VC money is going to support a lot of excitement around AI and actually not do better than the S&P 500.

Of course, when anything new happens, any new trend, there's going to be so much noise. And it's your job to be one of the few investors who can spot the signal and the noise and beat the market. Most VC money is going to support a lot of excitement around AI and actually not do better than the S&P 500.

Of course, when anything new happens, any new trend, there's going to be so much noise. And it's your job to be one of the few investors who can spot the signal and the noise and beat the market. Most VC money is going to support a lot of excitement around AI and actually not do better than the S&P 500.

Yeah. Now, they were the very early days. And still, this has to be the very early days of AI. And there will be a lot of AI companies that totally flame out. I stand by the assertion that there are AI companies delivering really tangible value. And the things you pointed to are exactly right. Usage and retention is how you spot the difference.

Yeah. Now, they were the very early days. And still, this has to be the very early days of AI. And there will be a lot of AI companies that totally flame out. I stand by the assertion that there are AI companies delivering really tangible value. And the things you pointed to are exactly right. Usage and retention is how you spot the difference.

Yeah. Now, they were the very early days. And still, this has to be the very early days of AI. And there will be a lot of AI companies that totally flame out. I stand by the assertion that there are AI companies delivering really tangible value. And the things you pointed to are exactly right. Usage and retention is how you spot the difference.