New rule: no private planes until your company is profitable

Startups navigating this economy

All this time attacking big tech, when the problem really was… the candy bar industry.

The general fallacy when looking at AI is to think about today’s size of a given market and then imagining a reduction of labor due to automation. However, usually the impact is a substantial increase in market size because solutions become faster or cheaper.

AI fits precisely into the category of technologies that are over-estimated in the near run and under-estimated in the long run. We’re now starting to approach the “long run”.

Ultimately, AI is a super power for speeding up or lowering the costs of things you can do in the real world using software. The impact will be *increased* opportunities for people by making things faster, cheaper, safer, more accurate, or more ubiquitous than before.

AI is evolving at a crazy pace. There’s a huge opportunity for a “GitHub Copilot” for almost all knowledge work (legal, finance, support, IT tickets, etc.), and the ability automate large sets of repetitive tasks to have humans freed up to focus on the harder ones.

AI is clearly the future of software. Now the race is between existing software plugging in AI to make it smarter and new software designed from the ground up with AI as the differentiator.

Unquestionably, speed is always the best advantage you can build into your company. The products that can iterate and evolve the fastest will tend to win over the long run.

The funny thing about tech is over the years it’s become a point of pride that if your idea looks like it won’t work, then you’re actually onto something. Just remember, all the good ideas *and* bad ideas start out that way, so it’s essentially irrelevant signal.

I mean this is cool

I’m not sure this is how it works

As a startup some of the best decisions come by doing the exact opposite of what has been done before; and equally some of the biggest mistakes come from trying to reinvent things that won’t change. The fun is figuring out which decision is in which category.

Full BoxWorks keynote here:

Mobile and cloud drove the last wave of enterprise software disruption. Now there are huge opportunities to disrupt markets with multiplayer experiences, apps with built-in ecosystems, down market solutions, and lower cost tools due to cloud economics. Tons of opportunity ahead.

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43% of the job of a founder is to scan the internet for best practices and then send emails to colleagues about them.