Chime's IPO: Decoding the Neobank Economics. As @Chime kicks off its IPO roadshow this week, we've released our deep-dive analysis using our proprietary Durable Growth Moat framework. Our assessment: 3.1/5 score → Fair valuation at 4-5x revenue multiples.

AI is eating the world. Even though it's clear that everything is about AI for startups and VCs, the numbers in the Q2 2025 @PitchBook-@nvca Venture Monitor are still stunning. In Q2:. --> There were five deals over $1 billion: Safe Superintelligence (@ssi), Thinking Machines

The Agentic Era has begun. Salesforce’s orchestration ambitions position it to lead this transformation. Yet, its success hinges on execution, leveraging its customer relationship strengths to outpace infrastructure giants. Whether Salesforce captures the exponential economics

In my latest newsletter, I apply our proprietary Agentic Resilience Assessment Framework (ARAF) to evaluate Salesforce’s orchestration potential and execution risks:

Last week’s announcement of Agentforce 3.0 marks Salesforce's transition from agent provision to agentic orchestration, positioning the company at a critical inflection point in this architectural evolution. However, the progression from SaaS to agents to agentic systems creates

Marc @Benioff, who revolutionized enterprise software with SaaS, is now betting on this next evolution. During a recent conversation with @Bloomberg's @emilychangtv, Benioff discussed his view on Agentic Systems: . "This is what AI was meant to be. These are agents who are

Investors' current focus on standalone AI features overlooks the deeper architectural transformation underway. Agentic systems promise exponential scalability and continuous operation without human oversight, catalyzing a new era of productivity and economic value.

🚀The @salesforce Paradox: Slowing Growth Masks a $1T Agentic Opportunity. Salesforce's ($CRM) growth may be decelerating, but beneath the surface lies a transformative shift that markets are missing: the rise of agentic systems. A 🧵.

For a Deeper Dive on the Agentic Era, find my recent series here:

See Pitchbook's analysis: CB Insights:

🚨 Nearly 50% of @ycombinator's Spring 2025 startups are building AI agents. It's just the latest sign that we are now in the Discontinuity of the Agentic Era. Recent reports by @PitchBook and @CBinsights dove into the numbers (See their charts below). Forget the GenAI hype.

Thrilled to publish my first guest article for Michael (@ReadFuturist) Spencer's AI Supremacy newsletter:. The Agentic Discontinuity: How AI’s Evolution from Tools to Autonomous Colleagues Transforms Value Creation. Following my Agentic Era series, Michael reached out about

The next 18 months will determine which trillion-dollar companies survive the agentic revolution. Architectural resilience—not just growth projections—will be the key differentiator. Read the full analysis here:

To evaluate companies' moats in the agentic era, we propose the Agentic Resilience Assessment Framework (ARAF). This methodology measures architectural positioning as a forward-looking indicator of growth. ARAF evaluates companies across two primary dimensions: Risk Components

Data platforms like @databricks are projected to surpass $300B in valuation, outpacing @Snowflake. Yet, we’re still early in understanding how data platforms will evolve in the agentic era.

In software, companies like @PalantirTech and @ServiceNow top valuations. But how will they withstand unbundling by AI-native applications?. What does a software company look like in an agentic paradigm?.

Coatue’s list reshuffles the Magnificent Seven: @Microsoft leads, while @Apple and @Google are notably absent. Is this due to projected growth rates, or does it overlook their architectural resilience in the agentic era?.

Agentic AI transforms the foundational calculus of human involvement. Tasks like workflow routing and decision logic, once dependent on people, are now abstracted by software agents. This redefines where value accrues and what constitutes a competitive moat.