In the early days of cloud between early 2000s to even late 2000s, we probably all

collectively underestimated the second derivative effects of having infrastructure and software

that was 10 times cheaper and 100 times more ubiquitous and democratized.

But what you forget is actually, well, when you actually make something 10 times cheaper or 10 times more available,

what happens is enough generations later of startup formation and ubiquitous technology,

all of a sudden you have so many more customers that never were in the market for buying

the massive data center footprint. You have the two-person

startup, the Instagram that gets created, and all of a sudden they start scaling and needing

infrastructure that never been in the market to buy data center store equipment previously. And so you

multiply that up by the scale of the economy. And you actually, in many cases, have something like

a 10x increase in the amount of then the sort of scale of these economy, and you actually, in many cases, have something like a 10x increase

and the amount of then the sort of scale of these markets. So, you know, if I had to sort of close

my eyes and bet on the AI market that produces the next trillion dollars of kind of in aggregate

startups, it would be sort of an agent for all of these kind of domain-specific, vertical

parts of our business.

Welcome to the PEO, where we explore the world's greatest startup stories.

I'm your host, Turner Novak, founder of Banana Capital, a venture capital firm that loves trillion-dollar startup opportunities.

I'm excited to share this conversation with Aaron Levy, co-founder and CEO of Box.

Our conversation covers a lot of ground, including how Aaron and Box are thinking about AI

as a public company, why AI will add jobs, not steal them, and why AI agents are a trillion-dollar

startup opportunity.

We also talk early days of Box, including starting with high school friends, living under

...