If you look at total software spend in the US a year it’s 500B, total spend on payroll is 5T. If companies become 10% more efficient because of GenAI you’re effectively doubling the size of current software market.<p>Actual value capture would obviously be lower, but 10% efficiency gains is a low estimate based on the studies coming out.<p>There’s a ton of terrible startups right now, but some of them will become whales. You can’t predict which ones ahead of time, so you invest in everything.
I wonder what happened to all the YC crypto companies in the last 'bull run', it seems they have fell off.<p>In the same vein as crypto, the grift continues in AI.