Town CEO on $100B AI Assistant Race and $75K AI Tools Spend Per Engineer
20VC · rss · 2026-09-07
20VC interviews JD Grèze, co-founder and CEO of Town (ex-Plaid CTO, ex-Dropbox), reportedly raising at a $1BN valuation. Key topics:
- The AI assistant race: competing with GrokBot, Instinct and Big Tech; whether the market is a bubble or already too crowded
- Product & tech: one agent vs. many, choosing models without destroying margins, how many agent mistakes users tolerate
- Business: which pricing tier makes money, whether AI assistants will replace every app on your phone, can Apple win the agent race
- Engineering practice: Town spends $75K per engineer on AI tools, plus how AI changed hiring
- Outlook: what agents will do in three years and the path to a $100BN company
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