The Next Trillion
Jay ZhaoUnfiltered essays on tech, category-defining companies, venture investing, and random observations. Delivered to your inbox, delightfully infrequent :)
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 46 | Subscribers | Read | nexttrillion.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Software was eating the world.. now AI is eating software, bit by bit
Earlier this month, I had a fun segment with CNBC anchor Chery Kang about Openclaw and Claude’s “SaaSapocalypse” impact on the tech market -
The Only Two People Worth Listening To
At the end of 2025, someone told me something that landed quietly, but hasn’t left me since:
The Time Surplus Problem
OpenAI just released a big “State of Enterprise AI 2025” report about how companies are using AI at work. The details aren’t surprising: usage is up, people say they’re saving time, and there’s a lot of optimism about productivity. It’s the...
The Age of Venture Consensus
As a tech VC, the question I get most often is: Are we in a bubble?
Authors
The writers behind this newsletter.
Venture Capitalist
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