Slow Ventures

New AI-native contenders are missing the real cybersecurity plot. What is obvious? > AI is forcing an architectural reset in security: attacks now have near-zero marginal cost and adapt constantly. > Adding an LLM is an incremental upgrade, not the reset the market actually needs. > Today’s security leaders (Palo Alto, CrowdStrike, even Splunk) were built to defend against human-scale, episodic attacks. > The next generation of primitives will be measured by speed of containment, not alerts or accuracy. So who can realistically build this and where do durable advantages exist when intelligence is cheap? Read more in @wquist and @yrechtman’s latest deck. Link in replies.

The number one place AI is really giving leverage? to creators in our creator fund who can now build software on their own and are optimizing the sh*t out of their busiesses with Cluade. So much so we are hosting a 2 day bootcamp for our creators & friends on bots for creators

Automation of the physical world is a systems problem, not a robotics problem.

Again, just so I have it straight... AI isn't gonna get the compute it needs to keep scaling wildly because the private credit they need is getting blown up by lending to software companies that are worth like 80% less because of AI?

Growing suspicion that there are vanishingly few use cases for consumer agents. People don’t do work in their personal lives. The only people who do are sf dorks using spreadsheets to plan trips to tahoe

We’re bringing @slow’s etiquette school to NY next month to teach founders and builders in NY how to show up. DM me or @Jack_Raines to attend (or nominate someone who needs help)

AI isn’t going to create a complete ‘permanent underclass’ ... but it is going to raise from upward mobility requiring p50/70 will, luck, and intelligence to p90/95.

Limited to approved guests only: luma.com/9as8fetx

Once AGI takes over, all there is left is etiquette. Our Etiquette School is coming to NYC on March 31st. Don't be the most hated person in the room. Sign up below.

The VC ecosystem is designed to push founders forward. Accelerators, EIRs, incubations, all built for speed. ⁠But what if you don't need momentum? What if you need conviction? ⁠We're hosting a small symposium in San Francisco on March 26 to help prospective founders understand what actually matters at the earliest stage of company-building. Details + apply in reply

Hearing a ton of suggestions from AI bulls that users end up with ~50% of the economic surplus generated by AI… That is wildly low in historical context. The vast majority of the value usually accrues to the user. This changes the ROI math dramatically…

Vertical Integration should be an output of a thesis, not an input.

When AI floods the zone with content, the moat is not more volume, it's trust. That's exactly what our Creator Fund backs: niche creators with cult-like communities who can't be replicated by a prompt. The winners won't be the biggest by traditional vanity metrics, but the most defensible in their community. @mmlightcap

When meaning becomes scarce, people will manufacture it… even if they have to burn the system down to do it.

If ‘Intelligence’ Becomes An Abundant Commodity, It Also Becomes a Bad Business…

The software companies that succeed in this brave new world won’t be pure application software and they certainly won’t be traditional SaaS. But they will be bigger and throw off huge amounts of cash to their shareholders... at permanently lower margins. 🔗 below