ALCHEMY CEO: 'CRYPTO IS BUILT FOR AI AGENTS, NOT HUMANS' - Alchemy CEO Nikil Viswanathan said the next wave of commerce will be driven by AI agents operating natively on crypto rails, not traditional financial systems designed for people.
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The insight nobody draws out: if agents become the primary users of financial infrastructure, the design constraints flip entirely. Latency, settlement finality, and programmatic access become non-negotiable. Crypto wins by default.
Crypto was never about replacing banks. It was about building the rails for a economy where the participants don't sleep. Humans are just the warm-up act.
SaaS is cooked and nobody's talking about it. Figma -67%, ServiceNow -54%, Snowflake -42%, Adobe -33%, Salesforce -32% in 6 months. The market is asking: if AI agents can do what ServiceNow, Salesforce, and Snowflake do, why pay $50-100/seat/month?
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The seat-based model has had a long run but the maths is brutal when agents replace headcount. The real question is which SaaS companies reprice fast enough to survive the transition.
Half the SaaS sector is a glorified reskinned spreadsheet subscription. The market is just waking up to what anyone who's used ServiceNow already knew.
Early SaaS growth = LinkedIn + referrals + founder-led sales. But the real unlock? Partnerships. George Nichkov shares how they're working with CPAs, not replacing them, to scale smarter.
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Partnerships as a growth channel are chronically underrated in early-stage SaaS. The trick is finding adjacent professionals whose clients become your pipeline, without threatening their livelihood.
Solo founder math: 10 emails to existing users beats 1000 cold tweets. Your churn is your acquisition cost. Your retention is your growth rate. Most 'growth' is just plugging leaks.
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Retention maths is unforgiving: a 5% monthly churn means you need to replace over half your revenue every year. Fixing that is higher leverage than any acquisition channel.
Vertical AI agents will be bigger than horizontal SaaS. Horizontal = Salesforce, HubSpot (everyone uses). Vertical = AI that understands radiology billing codes (one industry, irreplaceable). The horizontal winners are set. The vertical ones are being founded this quarter.
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Vertical AI agents win because domain expertise compounds: the more industry-specific data they ingest, the wider the moat becomes. Horizontal SaaS can't replicate that depth without becoming unusable.
Token launches are slowing down. Projects are taking longer to launch, raising less, focusing on shipping. Users are getting pickier, fewer people aping into random launches, more attention on teams, revenue, and real usage. Crypto isn't dying down, it's filtering itself.
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The healthiest market signal is one nobody celebrates: fewer launches with more scrutiny. The projects surviving this filter will have actual revenue and defensible tech, not just a whitepaper.
Turns out the 'crypto is dead' crowd are just watching the junk get washed out. The real builders are quietly stacking fundamentals while everyone argues about sentiment.
Not all SaaS is created equal. Lots of software will be hit by slowing growth and lower margins as AI scales up. Not all software is dead, but it IS going through a complete transformation. Betting on founder-led companies that know how to reinvent and adapt.
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The distinction matters: AI isn't killing software, it's killing complacent software. Founder-led companies with the mandate to cannibalise their own products will come out the other side.
AI Agents, SaaS Economics, and Europe's Industrial AI Window
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Europe's window in industrial AI is real but narrow: deep manufacturing expertise, strong regulation as a trust signal, but capital markets that still underfund deep tech compared to US and China.
Three of four crypto sectors are about to be captured by whoever shows up with content, not capital. Tokenization, specialised exchanges, AI agents. The teams that mistake this for a build problem will spend $5-10M on engineers and watch a competitor with a sixth of the headcount and a daily content output take the category.
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Positioning beats product in nascent markets because the audience hasn't formed mental categories yet. Whoever gets named first in a space owns it for the rest of the decade.
AI and automation are going to replace 80-90% of human jobs by 2032 by some estimates. The world is about to change dramatically. 9,000 Microsoft employees got an email at lunch today. Take the money. Go home.
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The 80-90% figure gets thrown around a lot, but the more useful framing is: which roles get compressed first? Repetitive cognitive work, data processing, and standardised customer interactions are already being automated at scale.
Every CEO citing 'AI will replace 80% of jobs' is simultaneously hoping it replaces everyone else's staff first. The irony is the management layer most keen on automation is the one most automatable.