AI

Venture Capital

The Cost of Starting Is Falling. The Cost of Winning Is Not.

AI is lowering the cost of starting some companies, especially in software and digital services. But starting without venture capital is not the same as winning a market. The question for founders is becoming sharper: what changes because this specific VC joins the company?

AI SaaS Is Starting to Look Like Labor

Rogo may look like a financial AI SaaS company. But customers may be paying for something closer to labor: research, modeling, memos, analysis, and work that used to require more junior headcount.