Entry price comes when Tam is unclear. Winning is the only thing that comes when Tam is huge.

If you're not seeing massive Tam expansion, there's just no point in even playing as VCs.

The late stage business is either the best business in the world or the worst business in the world,

and there's nothing you can do to determine which it is. Coding is no longer on this extremely steep improvement path.

As the models improve in performance dramatically, people switch.

To say that would be ugly would be an understatement.

It would be terrifying.

I mean, beyond terrifying.

I think we're at a point where if there's some wobble,

the magnitude of the correction

will be fast and brutal.

But before we dive into the show today, you've heard me mention Guardio before.

They protect millions of people from fishing, scams and online threats, but now something

genuinely exciting has happened.

Lovable, one of the fastest growing AI platforms, just integrated Guardio directly into their

Gen AI chain.

What that means? Every single site built with Loveable now gets scanned in real time.

Fishing pages, impersonation sites, scam redirects are blocked before they ever go live. And that's a huge shift. It's rare to

see companies take responsibility for the safety of the broader internet. Lovable did and

Gardeo is the engine making that possible. Gardeo also leverages advanced AI threat detection

to block highly targeted socially engineered scams before they ever reach you.

From phishing emails and fake login pages to financial fraud, Guardio protects you across the

...