Jason Lemkin

And I think folks like that, they're going to have different perspectives on the ROI of AI.

And I think folks like that, they're going to have different perspectives on the ROI of AI.

When you're at those 40% margins, it sounds great, but you're very focused on protecting them in most cases, right?

When you're at those 40% margins, it sounds great, but you're very focused on protecting them in most cases, right?

We're not all Zuck, right?

We're not all Zuck, right?

And so if job number one is protecting the profit margin, you're going to be really skeptical of spending too much on AI, right?

And so if job number one is protecting the profit margin, you're going to be really skeptical of spending too much on AI, right?

And it's a trade off.

And it's a trade off.

And in some ways, folks with margins like this, we just have to take what they say with a grain of salt, not because it's not important.

And in some ways, folks with margins like this, we just have to take what they say with a grain of salt, not because it's not important.

It is extremely important to understand that we can't all spend like a drunken sailor with two million of free credits out of YC.

It is extremely important to understand that we can't all spend like a drunken sailor with two million of free credits out of YC.

Right.

Right.

We can't spend that way.

We can't spend that way.

But it also means there's a there's a backwards looking bias in here.

But it also means there's a there's a backwards looking bias in here.