Cy Khormaee’s Post

You have one problem Then you used a LLM to solve that problem Now you have two problems

THE AI INNOVATOR’S DILEMMA A huge % of SaaS companies that were founded ~5-8 years ago and got to $10-50M ARR, are now building and upselling a new AI product to their current customers. This AI product likely cannibalizes their existing ("legacy") product, which in turn will slowly trend to zero. The existing product revenue cannot be underwritten by an investor due to its negative trajectory, while the new AI product is too small in scale to justify the prior round valuation. All this implies that the "AI transition" needs to happen very delicately and thoughtfully. If done wrong, the company might run out of money or need to take a painful and dilutive valuation haircut, if indeed there is even a round to be raised. SaaS company founders - if you fall in this category and are NOT doing the above (new AI product, cannibalizing your existing product), your long term survival might be at stake.

The news that roughly $9 billion will be repaid to users of Mt. Gox has once again put the security of our industry back in the public spotlight. It has also made me reflect on that other security bugbear...scams. The unfortunate reality is that scams are all too prevalent in our industry, challenging both new and experienced users alike. This situation underlines the critical need for vigilant, #securityfirst approaches in every aspect of cryptocurrency interactions. At Mesh, we take these challenges seriously, which is why we've embedded robust security measures right into the core of our platform and woven into our day to day operations. Security isn’t an afterthought for Mesh—it’s our baseline, it is foundational. In my latest article, I explore common types of crypto scams and share essential tips on how you can protect yourself. Join us in building a more secure crypto ecosystem! #web3 #security