
Caleb Chan
177 posts

Caleb Chan
@calebychan
CEO @TryLance (YC W26) We're Hiring link below! | dropped out @ucberkeley | @google





MIT student asked a question earlier today that a lot of young founders are quietly wondering about: "Won’t the frontier labs just do everything?" Yes it's true that OAI/Ant are shipping at incredible pace, but it's quite easy to avoid their blast radius and build amazing startups: OpenAI is not going to build a cattle-herding drone, buy an old F-150 and drive from ranch to ranch like the founder of one of the fastest-growing YC W26 startups, Graze Mate. Anthropic is not going to integrate with dental insurance verification systems (Lance). Google is not going to navigate NATO procurement (Milliray). The value is in the last mile, not the model. Sales cycles require humans who understand the customer. And most importantly, the market is expanding, not shrinking: AI isn't cannibalizing the existing 1% software spend — it's unlocking the other 5-6% that was going to humans. That's a much bigger market for startups yet-to-be-founded than the one the labs are playing in. Now, what DOES seem risky? A thin UI layer on top of ChatGPT with no domain expertise; a general-purpose chatbot or assistant; or a product that gets obsolete when model capabilities improve. But — tools for specific industries; "full-stack" AI companies that actually are the service (AI law firm, AI accounting firm, AI uranium exploration company); or generally products where the customer doesn't want a tool but an outcome — are defensible ideas for startups.















For the first time ever, a @ycombinator startup, @TryLance, announced their oversubscribed $3.7m seed round on the @vesting_tv show: 🥳 @calebychan, @GavinBrennen, and @GatikTriv reached out and said they wanted to announce the moment prior to demo day. Lance is building AI agents that run hotel operations and so far they're in 43 hotels, have $2.2m in contracted revenue, and have found product-market fit (in just thee months). Exceptional team, solving major pain points for hotels. I am humbled and honored for the opportunity to join them for such an incredible moment. 🔗: vesting.tv/articles/yc-ba…












