Adam Weiler

The agency business model just got really interesting. Shaan and I were talking about this thesis called "service as a software" on MFM. I always thought running an agency was a huge pain in the ass. But AI flips the math. The old model requires an army of humans to get things done, which meant low margins and low multiples. So you replace the human labor with AI, where one person can do the work of seven. At the same time, private equity firms are shifting their budgets away from SaaS to buy up these new service companies. A traditional agency that might run on 40% gross margins, is now an AI service biz that hits 75% and gets tech multiples. Wild shift.

Comfrt was sued today by Realtree, a business that designs and licenses camouflage patterns to more than 850 businesses. Realtree says Comfrt stole its camo patterns and intentionally removed the Realtree copyright management information embedded in them.

it was fun for a while

🚨 SAM ALTMAN: “We see a future where intelligence is a utility, like electricity or water, and people buy it from us on a meter.”

The Millionaires’ Tax passed by the House represents historic progress in rebalancing our unfair system. It sends significant dollars back to Washington families and small businesses. It expands the Working Families Tax Credit to 460,000 additional households – that’s money straight back into the pockets of working families. It saves working parents money and ensures our kids are prepared to learn by funding free breakfast and lunch for all Washington K-12 students, which has been a priority of mine since I ran for governor. The Millionaires’ Tax will apply to less than one half of one percent of Washingtonians, but make life more affordable for millions. I look forward to signing it.