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The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

And is that because that they're just saying we don't have to spend as much on cat like OPEX, like hiring, that sort of stuff.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

So it's like probably those things.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

And we know you can scale faster.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

So the money will be well spent.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Wow.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Wow.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

What do you think, Nicole, based on the data that you're looking at?

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

I know you're downstream of the bubble talk a bit, but do you think that all of this is indicating that we're in some kind of AI bubble?

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Or what's your read on all of these changes?

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

So that would be, I guess, technically potentially a consolidation of the tools that you actually need.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yeah, I think that that's true.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yeah, I wonder if that means then that it will be potentially harder to raise money as this normalization happens as somebody who's just starting.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Because, like you say, the momentum is so powerful here where once you have something that works, you can capitalize on it so much faster and generate revenue so much faster.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

And the companies are raising so much more money in order to capture the market that it's sort of kind of – you're kind of –

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

If you haven't already started, it almost feels like you're already behind and you're done.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yeah.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

But what's your take on that?

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

I'm trying to imagine how you would do that.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

I mean, I guess you could do it in simulation, but you could also do it with a robot.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Totally.