Daily Edition · Page 12

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR Founders

GROWTH IS BECOMING AN ENGINEERING PROBLEM

The most AI-pilled teams are rebilling their entire GTM stacks. Small and medium businesses are actively trying to use agents to recreate software as some of their old tools aren't making the cut. Larger companies have contracts, integrations, and years of operational habits to work through. This post looks at the growth teams rebuilding their GTM stacks around agents to see what they're building, buying, or replacing.

STARTUP MARKETING ADVICE IN THE AGE OF AI

AI can turn out a finished launch video before anyone has checked whether it could pass for a competitor's. One startup marketer recommends covering your name and logo with a competitor's and watching or reading the whole thing through. Start with a rushed tagline or the stock footage between demos. Rewrite anything the competitor could still use as is, and keep the lines and shots that stop making sense under their logo.

IS PRIVATE EQUITY COOKED?

Private equity firms could borrow to buy mature software companies because lenders could count on their customers renewing. AI is making those renewals harder to bank on, just as higher rates make the next buyout harder to finance. It is estimated that a typical buyout now needs 10% to 12% annual EBITDA growth to match what a 2015 deal could earn with about 5%. That's a higher bar for the next buyer at a time when revenue growth at Golub Capital's software borrowers has slowed from 9% to under 3% in two years.

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