The Learning Corner by Precursor
Welcome to the Learning Corner, a weekly Precursor Ventures podcast, where members of the Precursor team walk through their favorite articles and news snippets across the venture ecosystem.
Episode #93: Vertical AI Today with Nic Poulos of Euclid Ventures
This week we sit down with Nic Poulos, Co-Founder and General Partner at Euclid Ventures and one of the sharper voices on vertical AI, to pressure test the thesis as we head into the end of Q3. We dig into what defensibility actually looks like when any founder can spin up a vertical AI product in a weekend, why a $500M median exit is great math for some funds and tough math for others, and where "death of SaaS" narrative currently sits. Nic also revisits his 2026 predictions on deep tech fragmenting and religion as a vertical AI opportunity.
Key Points
- AI is software, and the reports of the death of SaaS are greatly exaggerated, especially for vertical companies with real workflow development.
- Vertical AI offers a significant opportunity across various sectors of the economy, with the potential for both small niche applications and large-scale implementations.
- Defensibility in vertical AI hinges on data and workflow, with long-term gains achieved through customer support and distribution.
Chapters
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| 1:07 | |
| 1:42 | |
| 2:19 | |
| 3:29 | |
| 5:32 | |
| 7:36 | |
| 9:23 | |
| 10:27 | |
| 12:01 | |
| 14:22 | |
| 16:19 | |
| 18:25 | |
| 19:41 | |
| 21:22 | |
| 22:28 | |
| 22:50 |
Transcript
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