496. How Model Progress Shifts the Goalposts, Why The Death of Software Is Overstated, and How to Diligence Hypergrowth Without Getting Burned (Jacob Effron)

Jacob Effron of Redpoint joins Nick to discuss How Model Progress Shifts the Goalposts, Why The Death of Software Is Overstated, and How to Diligence Hypergrowth Without Getting Burned. In this episode we cover:

• Investing in AI and Vertical Applications
• Model Layer Advancements and Future Milestones
• Challenges and Opportunities in Agentic AI
• Investing in Tooling and Middleware
• Product Market Fit and Defensibility in AI Applications
• Verticals with Real Product Market Fit
• The Evolution of AI Investing Metrics
• Future Trends in AI and Robotics

Guest Links:

• Jacob's LinkedIn
• Jacob's X
• Redpoint's LinkedIn
• Redpoint's Website

The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

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