Jason Moser

I went back to a tweet that Aaron Levy at Box had sent out a little while back talking about

This is going to be transformative technology, but what it's going to result in, it's going to result in more software than ever before, more productivity, more options, more companies, more ideas that we just aren't even thinking of today.

I don't think it's going to be destructive as much as it's going to be constructive.

When I look at something like a workday, it's one thing if you can go in there and vibe code some of the stuff that they do.

But don't discount the difficulty in building an actual company.

This is a $38 billion market cap company right now.

It's not easy.

It takes a lot of thought.

It takes a lot of work.

It takes a lot of redundancy.

It takes a lot of bug squashing.

And then, after all of that is said and done, it takes a ton of maintenance.

And it takes a lot of work to build that customer base and build that trust.

I don't think that's something that just disappears overnight.

And when you look at the economics of the company itself, it's a strong business.

I get why shares have pulled back.

I mean, we've seen the software and services sector, essentially, earnings valuation for this sector has just been cut in half.

And that's more or less overnight.

Now, I'm not saying it's not warranted, because I think we're seeing a lot of these companies, we're kind of re-rating the growth prospects going forward and trying to understand exactly how they might be disrupted.

But let's also remember to think about what we don't know here, kind of know what you don't know.