SCARCITY AND ABUNDANCE IN 2025

Summary from the TLDR newsletter

Consumers adopt a new S-curve when they are both overserved by what exists already and also underserved by the existing solution - and like the new thing because it's cheaper and better. Right now, code is capital, but going forward, the true capital asset will be big models and chips - things that you can finance and rent. We are now solidly in the agent S-curve - this will change how we think about software businesses and their profit potential.