Jason Lemkin

We just, we,

We just, we,

with engineering savings, we just justify our token savings with our engineering savings.

with engineering savings, we just justify our token savings with our engineering savings.

He views the ROI as very clear.

He views the ROI as very clear.

Uber says it's not there, okay?

Uber says it's not there, okay?

If even half the world says the ROI isn't there for a premium product, Claude's growth is impacted.

If even half the world says the ROI isn't there for a premium product, Claude's growth is impacted.

Either it has to cut its prices to match the competition, or it will maintain be a premium product like Apple, but won't be able to maintain its market share, right?

Either it has to cut its prices to match the competition, or it will maintain be a premium product like Apple, but won't be able to maintain its market share, right?

Just at the end of the day, it's twice as expensive as its competitor.

Just at the end of the day, it's twice as expensive as its competitor.

Given the pace of this world, how long can it maintain it?

Given the pace of this world, how long can it maintain it?

Like, I'm not sure it's clear it can maintain it infinitely.

Like, I'm not sure it's clear it can maintain it infinitely.

And it doesn't feel like it today, but that might be a hint of the bear case is that the premium cannot be maintained.

And it doesn't feel like it today, but that might be a hint of the bear case is that the premium cannot be maintained.