KC45 in Dubai was an absolute blast. A mix of crypto royalty, actual royalty, and MMA legends all enjoying what is arguably the most exciting ruleset in combat sports rn This is one of the first examples of a crypto product going truly mainstream, with the event being streamed live and hitting 50m views (!) across all platforms (including UFC fightpass) Think many are still underestimating the potential of a sports league owned and controlled entirely by its fans

AI Agents have the potential to democratize knowledge work in the same way that SaaS democratized software. And as we've seen in the past couple of decades with software, every time you make a service cheaper and more available, you dramatically increase the size of the total addressable market.  Let's take, for instance, what happened in the early days of SaaS. The biggest mistake that most people and investors made was looking at the market sizes of traditional on-prem software to see how big the market could be for this new crop of companies. In fact, some even felt the markets would actually be *smaller* because the software may be cheaper to run for an enterprise. All these theories were wrong, by an order of magnitude. What we actually saw happen was not that SaaS initially replaced or went after traditional incumbent software products for existing customers, but instead, the biggest early customers were actually smaller businesses or teams in large enterprises that previously didn't have access to traditional on-prem enterprise software. On-prem software, from CRM systems to ERP platforms, were notoriously expensive, hard to manage, and required significant IT teams and partners to operate. This meant only the largest enterprises in the world could actually implement best-in-class technology for their enterprise.   Enter SaaS. Starting with Salesforce and NetSuite, for the first time small businesses had access to effectively the same tech stack that a large enterprise had. This led to a gold rush of software. AWS ushered in an era where a one person startup could build an app and scale it without ever visiting a datacenter. Box let businesses of all sizes manage documents and content securely. Shopify let anyone have access to a powerful ecommerce system, leading to a huge boom in direct-to-consumer product companies and other retailers being able to sell successfully online. Stripe gave any developer a full payment stack. All of these new services --and thousands more-- led to a 10Xing (or more) the size of traditional markets by serving customers that previously didn't have access to these types of tools. Now, if you extrapolate out what we're seeing in the earliest days of AI, the same dynamic could hold true for AI Agents. While large enterprises have traditionally had access to nearly every specialized form talent or an abundance of labor, the vast majority of businesses don't have this same luxury. For most small startups just getting going, they often don't have the resources to do outbound sales, full customer support, specialized legal work, and so on. And as a startup scales, you're constantly making resource trade-offs that are less driven by what's best for the business, but instead driven by how much capital you have. In the future, by making the barrier to entry to getting knowledge work done as simple as a website signup or API call, we will likely see a massive increase in usage of “services” that previously were near-impossible to access easily. And what's amazing is the vast majority of the usage of these AI Agents will likely come from previous areas of "non-consumption". That is to say, these will be customers that would not have spent anything on similar labor categories in a pre-AI world. Now, of course, in many cases, AI will start out worse on some dimensions than traditional forms of solving these problems, but as tooling gets better, models get cheaper and higher quality, we know the capabilities will improve over time dramatically. We're in only the very beginning of this new era of AI-driven work, but the scale of the opportunity and the market will be massive.

🚀 Dive into Kuala Lumpur's startup scene with @raywalia! Discover the secrets behind thriving ecosystems — from determined entrepreneurs to wise investors. Watch the full video for the complete story. #StartupLife #InnovationJourney

🚀 Dive into Kuala Lumpur's startup scene with @raywalia! Discover the secrets behind thriving ecosystems — from determined entrepreneurs to wise investors. Watch the full video for the complete story. #StartupLife #InnovationJourney

INNOVATEwest Collabs with Launch Academy to Showcase Best of BC Tech ⁦@IWConfExpo⁩ ⁦@launchacademyhq⁩ #bctech techcouver.com/2024/03/13/in…

Launch CEO @raywalia's latest thought leadership piece on @ForbesBizCncl is out! 🚀Read on and explore the transformative effect of #AI, operational efficiency, and the power of community to empower your #SME for success in 2024. forbes.com/sites/forbesbusin…

Today, we announced a new $50-million envelope to invest in emerging startups through our Seed Venture Fund. ow.ly/aC9Z50Q265b #CDNtech #VC

The #IndoPacific region is a critical hub for trade and investment, and it’s the fastest growing economic region in the world. Discover new opportunities in this fast growing region: ow.ly/CkEH50Q29yK @CanadaTrade @CanEmbJapan

A fantastic start to a productive week in #Japan! Delegates gained insights into the Japanese business landscape and the benefits of Free Trade Agreements. Learn how we can support your business in Japan: ow.ly/yJVg50Q1TrP

Huge news from 🇨🇦 Minister of Immigration @SeanFraserMP! 6 new immigration programs to bring more tech talent to Canada. Well done 💪 🚐