REFLECTIONS ON THE STATE OF THE SOFTWARE AND AI MARKET

Summary from the TLDR Founders newsletter

The AI market isn't the same as the Dotcom bubble of the past. The technology is still early, and demand is pulling spending forward. The software selloff is real, but it won't hit every layer equally, as each has its own moats. Across the last few technological revolutions, the companies that became durable winners were predominantly founded in years four and five of each platform shift. We are now in that window for AI.