Benedict Evans dropped his twice-yearly “AI Eats the World” presentation last week. 90 slides on where tech and AI are headed.
I recorded myself going through it - my lens as a bootstrapped AI founder who’s betting on a future that might not arrive. When you’re not backed by billions, you see the hype differently.
What’s in Part 1:
Why I’d short Perplexity
The $400B circular money machine (House of Cards)
“I am the fucking moat” - what actually matters as a founder
50% have never used a chatbot in 2025
Where value capture really lives (hint: iteration speed)
Part 2 coming next - we’ll cover Outside Tech.
—Sid Sarasvati
Founder @ RenovateAI (bootstrapped), H1Founders community
PS: The money is real. The structure is real. But House of Cards is still House of Cards.
