If you're using between AI and cloud offshore, you could walk out of a firm today solo and build a five to $10 million revenue firm with no employees. It's very possible. And the smartest people in your firm, all they need is a customer, and they can walk out the door. They don't need an accounting department. I don't know if you saw Klarna, which is a financial services company, they got rid of Salesforce and worked it. They covered all their accounting software because AI is handling the accounting, and don't need software anymore. So think about that. The ability to leave a firm with two or three key customers and start a five or $10 million revenue firm all by yourself, because AI is doing all the work. So I think the wave of entrepreneurship is what I'm excited about, too. Randy 00:29:02.174 - 00:29:55.490 I listened to a guy named Greg Eisenberg talk a lot in the space of just spinning up companies. That's kind of a passion of mine, just talking about and learning more about that. But he said, we're not far off of the first billion-dollar company that's started by one individual who leverages AI to build it, which is insane when you think about it. When you think about a billion-dollar company, in your mind from the old Wineskin school of thought, you're thinking, oh, this is some big building with thousands of desks and thousands of people. And honestly, we're at a scale and a time and a place where AI is going to allow an individual with an interesting intellect and vision to build a billion-dollar company on the back of artificial intelligence. KPReddy 00:29:55.570 - 00:31:23.364 One hundred percent and us in the venture capital community, we're trying to find these people. We're trying to find these folks. But I think one of the things to remember is what this does when you think about meritocracy and the best idea is winning, it doesn't happen often enough, because if you have a great idea, then you better have friends with a lot of money to help fund your idea.
You better have access to the right people to buy your idea. So it's really hard.
And when we think about technology and we think about meritocracy, there's a reason why there's been a lack of diversity and stuff in Silicon Valley, in the tech world, because as much as
KPReddy Email: kp@shadow.vc Website: Shadow Ventures
Made with FlippingBook Annual report