“9 out of 10 gen AI-forward companies here won’t be alive in 3 years,” a senior operator told me, “but everyone is afraid they’re missing the wave.”
I've been thinking this too, but what if... each of the 26 notetakers has gotten enough clients to survive, though not thrive... if someone is using one of the smaller ones, and it works decent, will they be inclined to move to Jump/Zocks/Wealthbox/Hazel, etc?
My guess is that those products, which are essentially all the same, have pretty low switching cost, so price will be the determining factor, and margin will go down down down making consolidation or failure inevitable. That's a loss-leading product, not a game changer.
“9 out of 10 gen AI-forward companies here won’t be alive in 3 years,” a senior operator told me, “but everyone is afraid they’re missing the wave.”
I've been thinking this too, but what if... each of the 26 notetakers has gotten enough clients to survive, though not thrive... if someone is using one of the smaller ones, and it works decent, will they be inclined to move to Jump/Zocks/Wealthbox/Hazel, etc?
My guess is that those products, which are essentially all the same, have pretty low switching cost, so price will be the determining factor, and margin will go down down down making consolidation or failure inevitable. That's a loss-leading product, not a game changer.