We've existed for about three years and we've passed everybody in revenue in like literally a year and a half.

Usage is important, but that does not define the long-term success of an actual customer.

I think that daily active use is a pretty terrible metric to uncover customer value.

There have been companies built in the past on just great design.

There's no reason that they can't be built on the AI side.

We end up creating all of these multiple layers that essentially end up building your core

defensibility in the market. Retention problems or just activation problems in disguise. Between

June 3rd and June 9th, A16Z ran its second annual New York Tech Week. Now this

week had thousands of people attend a record-breaking 700 plus events, including one

event run by our podcast team.

Now this A16Z live recording is exactly what you're about to hear.

But first, let's take a quick trip to memory lane.

When Chachi BT was launched in November 2022,

it quickly became the fastest growing consumer application in history.

But Textbased AI was just the beginning.

In the next 500 days, a flurry of AI models launched that spanned new modalities, from images to video to audio to 3D that all

yielded an entire ecosystem of applications that have upended, quite frankly, the way we work,

learn, create, and even play.

Now here in mid-2020-24, competition is fierce,

but I don't think I have to convince you of that.

So for this live recording, we brought in key leaders

at three AI companies to discuss how they've managed to stand out amongst the noise because they have products that reach millions of users.

...