Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more. Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. ----------------------------------------------- Timestamps: 00:00 Intro 00:52 Anthropic Delays Its $2TN IPO 04:11 Can Frontier AI Companies Even Go Public? 07:16 OpenAI’s $278BN Burn Problem 09:38 Meta’s New AI Product Takes Aim at ChatGPT 13:12 AI Agents Are Finally Building Real Software 14:30 Amazon vs Shopify: Who Wins Agentic Commerce? 17:40 Why AI Agents Could Disrupt Systems of Record 22:12 Jev: The New AI Model That Is 100x Cheaper 24:34 Why AI Is About to Unbundle the LLM Stack 29:06 The Coming Explosion in AI Model Routing & Evals 31:17 How OpenAI and Anthropic Will Respond to Cheap Models 33:21 Are Traditional Seed Rounds Disappear...