It is an unfortunate result of the last few decades that technology companies lose sight of their opportunity to improve the human condition.
In fact, every world-defining technology can trace itself back to this primitive. Markets are born from providing a radical and positive change to someone’s life: access to housing, availability of healthy food, educating the next generation, opportunity to achieve the wanted.
Look at the wheel, the aqueduct, the printing press, vaccines, refrigeration, the lightbulb. Technology and capitalism is society’s largest lever on the human experience—we build technology to make our lives great.
As of late, technologists have abandoned this principle for one simple reason: it is difficult to uphold. Making lives great is a herculean task.
And as the world becomes more connected and technology becomes easier to build, the pressure to make neutral or negative products grows. Since the markets for these products are expanding faster than our investment expectations of our greatest startups, we have catastrophically labelled them as successes.
Now, we are living through another major technology shift. And while the world is admittedly very early to AI, we have yet to build the AI-native products that will make lives great. Instead, the fast adoption of neutral and negative products have been the first to scale.
But today, we are returning to our roots. We believe that the market for making lives better is bigger than not, even if it is harder to do.
We believe that the world’s next trillion dollar products will be those that improve the human experience, and AI has just enabled hundreds of them.
We believe that only those with high conviction, clear vision, and raw capability will be able to manifest these products into existence.
We believe in making life great.
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BH