Jason Lemkin

I think we see four IPOs backloaded next year.

SpaceX goes out first.

Canva comes out of nowhere second.

Databricks does it in the back half of the year because it's just time.

Anthropic does it at the end of the year.

OpenAI probably should have gone first, but it's burning too much.

There's no ceiling on venture, which changes all the math and calculations.

You haven't missed the boat as investors because what agents can do, we just started.

Society will be terrified of AI.

Listen, I know what the product of the year is.

The product of the year is Claude35 or Claude37.

Without this, we have no vibe coding.

Without this, we have no lovable, no vacations degrees, no replet, no cursor that really works, no gamma.

None of these products, many of which existed for years, did not work until we could debate when it was.

They worked with Claude 3.5 at the end of last year, but they weren't great until 3.7 and then 4 this year.

And 4 changed our lives.

And you may not use it.

You may use the outputs.

You may use agent force loops.

It's not all that.