We’re entering the “$5 Uber” era of consumer - inference edition VC $ subsidizing huge token usage on products aiming to become indispensable enough to eventually monetize …and who can stomach the short term burn to try to kill their competitors Enjoy it while you can!

I always find it interesting when big company people post aggressively about “crushing” a startup You have 1,000x more resources than them If you’re worried about a startup, you’re admitting they have something you don’t (most often product insight, execution ability, etc.)

This is going to open up so many opportunities for consumer builders This is (IMO) the first truly performant real-time voice option where you don’t have to roll out the full infra stack yourself I predict this enables many new products - and even entire new categories of apps!

GPT-Live-1 is now available in the API. Bring ChatGPT’s natural back-and-forth to your app, with voice agents that listen while they speak and work with the models and harness you choose.

Announcing @a16z's investment in Highstock. Excess inventory is a massive and expensive problem for consumer brands. Highstock is an AI-powered marketplace that helps brands find new channels for surplus inventory - while reducing waste.

Beyond excited to share that @highstock_x has raised a $30M Series A led by @a16z with participation from @GreylockVC, @AbstractVC, @Daybreak_Fund, and angels. We are doubling down on our mission of creating value for brands with unproductive inventory. With this raise, we are expanding our team and building on our success in beauty to unlock a new category: apparel. @omooretweets, @venturetwins and @jeff_jordan are the right partners to take this company to new heights - they've invested in great marketplaces like Instacart (I may be biased :) ), and have studied how AI will scale marketplace models that were previously too labor intensive to be financially viable. Thank you to our angels: @Max, @lennysan, JJ Zhuang (Instacart) and John Adams (Instacart). Most of all, thank you to our customers and team. We would not be here without you. Read my reflections on our journey below.

@a16z @highstock_x @camillevanhorne Beauty has been their beachhead category, but this problem spans all of consumer goods. They just launched apparel and are quickly growing both the business and the team. Brands with excess or buyers seeking supply - check out And, they're hiring!

Excited to announce @a16z is leading Highstock's Series A! Highstock is an AI-powered marketplace tackling a trillion-dollar problem for consumer brands - excess inventory. They have $1B+ in product listed from 100+ major brands, who use Highstock to reach vetted buyers 👇

Sharing the deck we presented to our LPs last Friday with a snapshot of the broad market, AI applications, and consumer. Market Technology progress vs economic diffusion What if it isn't a bubble Moats are discovered, not designed Model (non)commoditization Apps Turning the intelligence primitive into economic outcomes Apps that benefit from different "minds" Company as a set of loops Shape of automation in the enterprise Consumer Headwinds to consumer AI Coding agents vs personal agents /loop make me happy Digital Mainstreet

Pretty much any consumer market with high value, scarce inventory has been overrun by bots Yes, sneakers and tickets - but also restaurant and pickleball reservations Just like AI has forced a rebuild of other failing systems (ex. education), I hope to see the same here!

I have seen a lot of my portfolio companies moving towards or experimenting with cheaper or open source models…or even just trying to route more intelligently But this data likely has more “unique to Fable” influence than I gave it credit for :)