THE STATE OF AI 2025

Summary from the TLDR Founders newsletter

AI startups are growing like nothing we've ever seen - some hit $100M ARR in their first year. Bessemer studied 20 companies and found two types: Supernovas that explode to $125M by year two but have 25% gross margins and fragile retention, and Shooting Stars that quadruple yearly with 60% margins. The new benchmark isn't T2D3 anymore, it's Q2T3 (quadruple, quadruple, triple, triple, triple).