Everett Randle

Benchmark's AI Bets: Cerebras, Sierra, Legora, Fireworks, Starcloud, Gumloop..

Benchmark GP Everett Randle argues that AI has broken the old software investing playbook, with scale no longer reliably reducing risk and unit economics often unresolved even past $1B in revenue. He breaks down AI investing through a P x Q x M lens, explains why inference and agents are becoming the core monetization layers, and says venture firms are evolving into multi-product alternative asset managers.