"The worldwide SAS market is about $300 billion uh per year. The labor market in the US alone is 13 trillion. What software is now going after, the prize that it's going after is the labor market. Almo..."

"I'm going to talk about how software eats labor. Um and uh you know first Mark wrote an essay for the Wall Street Journal a long time ago about 10 years ago about how software eats the world. I guess ..."

"I I want to take you through a journey of what the software market has always been because I think understanding the past is the best window of actually understanding the future and what's possible. S..."

"looked like to book an airline ticket in 1959? Like what how did American Airlines handle this? They probably had like lots of filing cabinets with like sheets like this. So Betty Owens calls up and s..."

"The people that looked at your time and attendance slip in 1940 were the same people that looked at it in 2015. But now the medium was not paper. It was not mainframe. It was cloud. And the reason why..."

"another example of just how much bigger these labor or quasi labor markets are like the $13 trillion of wages that we talked about um you know software revenue is very small. If you just take one cate..."

"And the reason why I wanted to start with the filing cabinets is like this is going to start moving to outcomes. Like the the the software is going to go from being the filing cabinet to effectively o..."

"somewhat scraping Craigslist. Craigslist is this horrible site from the mid90s that has not changed since the mid '90s. And they have lots of listings for apartments. and you go look at an apartment a..."

"thought uh rather than me talk, I want to give you an example. Um, this is one of our portfolio companies, Happy Robot, which serves the uh the freight and uh and trucking space. So, so listen, this i..."

"again, AI very, very good at that. The other example is there there are a lot of demoralizing jobs out there. What is a demoralizing job? Well, collections is kind of a demoralizing job because you go..."

"this is why I wanted to start with the story of filing cabinets because there was no software company for compliance because uh this is actually a fact from the Bureau of Labor Statistics. The fastest..."

"um and this is a global opportunity right I mean like the the US labor market big it's 13 trillion a year. The worldwide labor market's so much bigger. And our job on on behalf of your capital here, o..."