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Jason Lampkin

๐Ÿ‘ค Speaker
406 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

We're not hiring anybody and we're going to hire less people.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Price increases have become destructive because SaaS price products are up 40% the last three to four years.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And that's great for a CRO to make their plan this quarter, but it crowds everything out.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

There's no room to upsell or anything when price increases take up everything.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And so there's like all these different issues.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

If we're not buying as many seats and we're radically increasing pricing, there's just multiple ways the old model's getting attacked.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And if it were just as simple as adding an agent, that'd be hard enough, but it's not.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And our workforces are shrinking.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And what we expect from our workforces is shrinking.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And so-

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

SaaS will adapt, but just magically charging per token doesn't necessarily change the fact for many providers.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Tweaking pricing models doesn't change how much folks want to spend for a product.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

That's a fallacy.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

That's what consultants do.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

They're pricing consultants.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

It's great, but if no one wants to pay more than 20 grand a year for your product, you can't force them to with a clever pricing model.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

There's a lot of issues to deal with that the new guys don't have to deal with today.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

If it was just AI and it was nothing else, you put 2,000 people like Mark did on agent force and it works or it doesn't, but it mostly works, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

But at the same time, folks are contracting seats, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

If at the same time, they're cutting budget for existing investors, right?