SERVICES AS

    Software

    How every leading VC is playing the same thesis differently

    1 thesis · 3 different playbooks

    Build from Scratch

    01

    Go vertical. Own the workflow. Replace the labor.

    a16z

    FurtherAILio

    Foundation Capital

    Tennr

    Redpoint

    Abridge

    YC

    Sully AICorgiOffDeal

    Index Ventures

    Crosby

    GV

    Lawhive

    Graduate Tool → Service

    02

    Start as software. Expand scope. End up doing the work.

    Sequoia

    SierraHarvey

    Lightspeed

    Resolve AI

    Bessemer

    EvenUpAda

    Acquire & Transform

    03

    Buy services firms. Inject AI. Software margins.

    General Catalyst

    Summa HealthTitan

    Beacon Software

    Main Street roll-ups
    Flywheelos.com