Newcomer Pod Jeremy Levine on AI Hype, Market Cycles & Playing the Long Game
44 snips
Feb 19, 2026 
Jeremy Levine, general partner at Bessemer Venture Partners known for early software bets, joins to unpack SaaS repricing, AI-driven acceleration, and why venture is a long game. He contrasts thin AI add-ons with deep integrations, discusses foundational models and robotics’ manipulation challenge, and explains how scale and patient capital shape modern investing.
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Rethink Products, Don't Staple Chatbots
- Thinly adding a chatbot feature usually fails because foundation models already provide superior chat experiences.
- Thicker value comes from rethinking product workflows where AI becomes the decision-maker and humans assist.
Foundation Models: Fast Depreciation, Big Winners
- Foundation models depreciate quickly, but a few companies with talent and momentum can remain dominant and highly valuable.
- Even older models retain commercial use because they offer cheaper tradeoffs for many customers.
How Marketplaces Must Meet AI Front Doors
- Jeremy describes StubHub and Shopify needing to make their inventory accessible to chatbots as users start searches there.
- He uses this to show third-party agents and platforms must integrate with AI front doors.