Backers & Builders, Episode 1 is now live. So many good gems from @sshergill & @amishjani on AI agents, the future of commerce, and how to build a durable, financially sharp brand in that world. Watch the full episode below. 00:25 Agentic purchases: consumer vs B2B 04:35 Hype vs reality in agentic payments 09:45 Shopify and the TAM blind spot 13:20 Brand blind spots: cash and discovery 16:01 Who wins in agentic commerce? 18:34 Shopify, AI, and vibe coding 23:32 Who owns the customer experience? 27:26 Agentic infra and VC opportunities 33:43 What great brands get right 37:19 Where software actually helps 39:01 DTC’s distribution time bomb 42:33 Luma and the future of finance 47:23 What makes AI finance defensible 49:10 Why vertical banking wins 53:04 Redefining what a bank is 57:01 Does AI favor platforms or startups? 59:10 Founder advice and company DNA