Grindset is a great term for this market. What do you think of EdTech? Like healthcare, COVID exposed that the education system is broken and needs innovation to support the builders of tomorrow.
I think it is important to watch what General Catalyst is doing with Healthcare they just bought a healthcare system and have funded some big OS type M&A's. I believe education is similarish - high barriers prevent successful uptake of new systems. Perhaps someone will try to build an education business/system from the ground up by integrating software. AI is not a point solution, it is a system level solution.
Thanks for sharing - Will be interesting to see how 2024 shakes out for SaaS as we start to see the results of AI-driven product upgrades/implementations in some of the larger players (ie. ServiceNow), how do you think this will disrupt 'newer entrants' and companies 'in the middle'?
I think it will close the door to disruption. I.e. you won't create the new ServiceNow by being AI-first, ServiceNow will the the AI-enabled ticketing system.
Also makes me very bullish SaaS in general, since as AI gets better, incumbents will integrate it and capture some of the value. Especially vertical.
Xander Oltmann just came on our Sourcery 'pod' to talk specifically about the hard tech side of the conversation since that has been fairly overlooked by technological innovation in the last cycle. Would be fun to get your bullish take on SaaS if you're interested in joining one!
Grindset is a great term for this market. What do you think of EdTech? Like healthcare, COVID exposed that the education system is broken and needs innovation to support the builders of tomorrow.
I think that it's still a hard place to get paid because governments control the purse and it's hard to get spend out of pocket (like healthcare).
However, there does seem to be an interesting angle with the growth of homeschool.
I think it is important to watch what General Catalyst is doing with Healthcare they just bought a healthcare system and have funded some big OS type M&A's. I believe education is similarish - high barriers prevent successful uptake of new systems. Perhaps someone will try to build an education business/system from the ground up by integrating software. AI is not a point solution, it is a system level solution.
Agree.
https://campus.edu/ is a cool idea. Bought a community college.
Thanks for sharing. Great idea to start with a Community College. I wonder about primary and secondary.
Thanks for sharing - Will be interesting to see how 2024 shakes out for SaaS as we start to see the results of AI-driven product upgrades/implementations in some of the larger players (ie. ServiceNow), how do you think this will disrupt 'newer entrants' and companies 'in the middle'?
I think it will close the door to disruption. I.e. you won't create the new ServiceNow by being AI-first, ServiceNow will the the AI-enabled ticketing system.
Also makes me very bullish SaaS in general, since as AI gets better, incumbents will integrate it and capture some of the value. Especially vertical.
Yeah I definitely agree with this.
Xander Oltmann just came on our Sourcery 'pod' to talk specifically about the hard tech side of the conversation since that has been fairly overlooked by technological innovation in the last cycle. Would be fun to get your bullish take on SaaS if you're interested in joining one!
I saw and have it queued up to listen!
Would be happy to! Email me at alex@8vc.com