Jason M. Lemkin argues AI is making CROs, senior executives, and many VCs obsolete. He recommends selling NVIDIA shares and cashing out of legacy AI bets. Sequoia Capital is praised for making hard personnel cuts to stay competitive in the AI-driven market.
Chapters
I genuinely believe it across my ecosystem. I struggle to even recommend a lot of the CROs and executives I know for roles today. I just struggle to find them a job. They're not the right people anymore. And so I think I could only imagine we don't even need half the VCs we have today for the AI world. Maybe they'll spend the money, maybe they'll throw a few nickels into Cursor at $30 billion, get a few logos on the website, but the old playbook don't work. And the pace is so fast. Take your coins, take your NVIDIA shares and buy a beach house. Seriously, check out, check out.
It's a good time to check out, guys. One of the things I admire most about Sequoia is their toughness and their willingness and ability to evolve, right? And in this case, I'm not saying, I'm not commenting on the merits of the case, but if the internal group, 'cause I don't know enough, right? Right to say it was a rule of wisdom. But if the internal group feels they need to make a change to continue to execute, what they did not do is that fatal error, which we can talk about in politics in a second, is, you know, it's someone's turn. And they said, it's so-and-so's turn, so we'll leave him in. They did the exact opposite. They ruthlessly said, if we're going to compete, we need these people, not those people. And they made a change, right? All they needed to do was call a vote and have a discussion and, you know, sit down with the partner in question, have a discussion. I think that's healthy. Right? I think some of these orgs where so-and-so can't be touched, you always say to yourself, does that create a false sense of security when you just can't afford to have that in this market?
