Founding Partner of Marathon Management Holdings @gokulr, who sits on the board for $COIN, $PINS, and $TTD, tells us why all software is vulnerable if companies fail to innovate, but it depends on the time horizon: "The market, right now is behaving in a way that it's treating all software companies the same with their respective moats" @gokulr believes that: "All software is vulnerable if companies fail to innovate, the difference is more in terms of time horizons". He categorises software into two types of companies: 1. Utility is tied to the outcome 2. Utility is tied to the data (systems of record) "Overall, systems of record [@salesforce] have a longer time horizon while things that are purely based on outcomes [@Zendesk]...those are going to be the ones that are going to have to face a nearer-term reckoning"

London based energy start-up (@temenergy) just raised $75M led by @lightspeedvp at a $300M+ valuation to build the Stripe of energy. CEO & Co-Founder Joe McDonald says: "It's [energy] defining the new world order. You want to produce sovereign AI that's competitive at a national level, you need cheaper electricity to be able to win in that battle". @temenergy CEO believes: You basically end up in a tourist state within 10 years if you don't solve the electron problem, especially when you're competing against other countries that do.

The @openclaw takeoff showed us agents need two things: builders who make them and consumers who use them. Hugo Mercier (@hugomercierooo), Founder at Twin Labs (@twin_labs), on the platform layer: "Our bet is that we ultimately be a platform where builders and consumers of agents meet." > Some people want to build agents from scratch > Some people want to consume agents that work > Most platforms only serve one side "People rapidly come to something very custom that works for them."