great breakdown as always. the 53% agentic deals stat is striking but not surprising. what's more interesting to me is where these agents actually settle in terms of infrastructure.
The “volume up, cheque size down” pattern is interesting. More shots on goal, tighter conviction per bet. That usually means investors want optionality while the category is still forming.
And 53% of deals in agents tells its own story. We are clearly in the “application layer experimentation” phase. Lots of orchestration. Fewer defensible moats, at least for now.
Which of these categories do you think will still attract capital in 24 months once the agent noise settles?
Great roundup Chintan. Hopefully we speak today!
great breakdown as always. the 53% agentic deals stat is striking but not surprising. what's more interesting to me is where these agents actually settle in terms of infrastructure.
The “volume up, cheque size down” pattern is interesting. More shots on goal, tighter conviction per bet. That usually means investors want optionality while the category is still forming.
And 53% of deals in agents tells its own story. We are clearly in the “application layer experimentation” phase. Lots of orchestration. Fewer defensible moats, at least for now.
Which of these categories do you think will still attract capital in 24 months once the agent noise settles?