Archive - Andrew’s Substack

Venture Goes Multi-Product

The capital markets for private tech companies are sorely outdated. Expect this to change as today’s venture giants seize an opportunity to become…

Jan 3 •

December 2024

Are AI Labor Replacements a TAM Expansion Vector?

Every software founder is positioning their AI agent as a labor replacement with enormous TAM potential. How realistic is the pitch?

Dec 10, 2024 •

July 2024

A Few Thoughts On VC-Backed Rollups

Justified VC enthusiasm around AI-enabled services has turned into questionable capital allocation.

Jul 19, 2024 •

May 2024

Artificially Intelligent Barbarians

We’re excited about buying and transforming legacy incumbents with AI. What does the AI-led buyout playbook look like?

May 1, 2024 •

April 2024

Google's Phantom Dilemma

Hand-wringing over Google’s dominance in search has hit a fever pitch. But Google has nothing to worry about.

Apr 6, 2024 •

January 2024

Inverting SaaS: Services as Software

LLMs represent a phase change in software that could remake the SaaS business model. What will software companies look like a decade from now? And who…

Jan 11, 2024 •

September 2023

Navigating the Fog: Software Investors’ Playbooks for the Next Cycle

Last decade’s SaaS winners made investors very rich. But as tailwinds recede and competition in software only increases, how will software investors…

Sep 21, 2023 •

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