Here is this week’s edition of Never Enough, a list of what I’ve been exploring, plus an interesting question from my Twitter subscriber community.
With the recent news to bring AI mainstream with Chat GPT, Grove, etc., does Tiny have any strict strategies on AI-related acquisitions?
Really, we're just trying to think about how things get disrupted, and how quickly they get disrupted. So, we're being very, very strict about either buying businesses that we feel have a data moat, or something that makes them hard to compete with. We're trying to avoid anything that's easily recreated by AI, or just eliminated by AI. The problem is that that's constantly expanding.
To be honest, we're really looking at places outside tech, and then also distressed tech businesses right now, because we think we can have short-term payback. You know, at the end of the day, business is about betting. How long can this go? How much cash can it produce? And can I buy it for less than that number?
We feel like building technology businesses is like building sandcastles on the beach, and the tide is coming in really, really fast. AI, the waves just keep on coming. So, you know, we're thinking very carefully about that. But I mean, honestly, I watched that keynote. And I was like, I can imagine that eliminating almost every job, right? If you play it out, and you think about AI agents. This idea that you can create a CEO bot, designer bot, developer bot, a project manager bot, and you can have them all work together in a chain. You know, what knowledge work is left, almost? I don't want to freak out about it, but I also see the potential of where it could go. And I'm being very cautious.
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It’s Never Enough. Until next week,
Andrew
