the technology that kills a job never does the job better. ATMs did exactly what tellers did at 27 cents a transaction vs $1.07. teller employment went up. then the iPhone came along, had nothing to do with banking, and teller jobs dropped from 332k to 164k in twelve years. (h/t @david_oks) davidoks.blog/p/why-the-atm-… the ATM fit into the branch. the iPhone deleted the branch. many companies trend toward making ATMs. Its easier to replicate a workflow that exists and has a market. But talking about how you can delete workflows and what that could enable is much more interesting...

Claude code et al is maybe deleting the product team? Giving rise to the builder? We're in the middle of the shift now and its remarkable how debatable the outcome is. It isn't clear which "ATMs" will die and how quickly.

Uber, Lyft, WeWork, Robinhood, Spotify et al were all losing 1-2B/yr in their heyday and in general I think consumers won bc of it- we got better services cheaper. Some of that corrected over time though (ex uber fees).

Extremely jealous of all the @cartainc Fund/SPV managers LPs already getting their draft k1s & 1065’s today. I’ll be waiting until summer for the rest of mine 🫠

These forms usually take a while to put together across the industry. Accountants have to close the books, fund managers approve numbers, and tax teams have to work their magic. For a small population and extra $$, you can brute force it this quickly, but at scale you can’t.