We are in the vibecoding fatigue eraâŚ
Everyone (especially non-engineer folks) were really excited to build stuff. For many that happened with the release of Cowork at the beginning of this year.
Seeing a lot of these vibecoders get tired.
Might be a good time to âcircle backâ and sell to those people :)
Everyone (especially non-engineer folks) were really excited to build stuff. For many that happened with the release of Cowork at the beginning of this year.
Seeing a lot of these vibecoders get tired.
Might be a good time to âcircle backâ and sell to those people :)
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âSince you're not doing this AI stuffâ
â ď¸
â ď¸
I don't think we should fight. The two companies are complementary. Since you're not doing this AI stuff, I really think Snowflake should consider getting its AI tokens through Databricks. You can get both cheap OSS models as well as frontier (OAI/Ant/Gemini/Grok) models from our platform. It all goes through Unity Gateway which has Smart Routing, Budgets, and Access Control. You can even use Omnigent with any harness, including CoCo. Most of our customers used this to reduce token spend ~30% last few months while token count went up. Genie lets you then track, control, manage that spend, all your financials, marketing, etc. Quick POC?
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Iâm happy to see how much love this got. Maybe more will actually follow itâŚ.
Here are a few other thoughts on audits:
>Donât do an audit at <$25M ARR. Consider after.
>Before audit, just send bank statements to the board
>Almost every series A/B docs require an audit. VCs will almost always waive/defer if you ask. Ask
>Big 4 often doesnât equal better audit. But it does guarantee higher fees and more work from your team
>Big 4 is good and has their place. Like public companies, nearly public, and/or highly complex
>Small firms are often better for earlier stage companies. They are more willing to help (and obviously cheaper).
>Itâs all about the team you get. Plenty of stupid people (or lack experience in your industry) at all firms.
>I am referring to 2nd or 3rd tier firmsâŚnot whatever metaverse pretend firm that FTX was using
>overpaying for a good head of finance is MUCH better money spent than overpaying on auditors
>Most of you will never IPO. Acquirers care very little if you used EY or a 2nd tier firm
>You can move to a 2nd tier firm if you are currently with Big 4 wit no real path to IPO. Quietly get a quote from a second tier and see if the price difference is worth it
Here are a few other thoughts on audits:
>Donât do an audit at <$25M ARR. Consider after.
>Before audit, just send bank statements to the board
>Almost every series A/B docs require an audit. VCs will almost always waive/defer if you ask. Ask
>Big 4 often doesnât equal better audit. But it does guarantee higher fees and more work from your team
>Big 4 is good and has their place. Like public companies, nearly public, and/or highly complex
>Small firms are often better for earlier stage companies. They are more willing to help (and obviously cheaper).
>Itâs all about the team you get. Plenty of stupid people (or lack experience in your industry) at all firms.
>I am referring to 2nd or 3rd tier firmsâŚnot whatever metaverse pretend firm that FTX was using
>overpaying for a good head of finance is MUCH better money spent than overpaying on auditors
>Most of you will never IPO. Acquirers care very little if you used EY or a 2nd tier firm
>You can move to a 2nd tier firm if you are currently with Big 4 wit no real path to IPO. Quietly get a quote from a second tier and see if the price difference is worth it
If Anthropic can use a 2nd tier audit firm (Grant Thornton) through one year before a $2T IPO,
Then your software company that is <0.05% the valuation probably doesn't need to use the Big 4 yet...
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1 of 3,000 Anthropic S-1 newsletters hitting your inbox soon...
Not a deep dive, but some of the stuff I found most interesting
onlycfo.io/p/anthropics-sâŚ
Not a deep dive, but some of the stuff I found most interesting
onlycfo.io/p/anthropics-sâŚ
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OnlyCFO retweeted
1 of 3,000 Anthropic S-1 newsletters hitting your inbox soon...
Not a deep dive, but some of the stuff I found most interesting
onlycfo.io/p/anthropics-sâŚ
Not a deep dive, but some of the stuff I found most interesting
onlycfo.io/p/anthropics-sâŚ
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