VC: My LP runs a $70M ecommerce firm by texting, expects an agent to replace the CEO
MartinGTobias · x · 2026-10-29
An investor shares a coffee conversation that floored him: his LP hired a CEO to run a $70M ecommerce company, now just texts him and thinks the CEO runs it "probably even better than I did" — so he expects to eventually replace the CEO with an AI agent.
The author pushes back: that's a huge logic jump that discounts the variance between CEOs; a CEO's value lies in everything you don't have to text them about, and today's agents barely handle explicit instructions, let alone unsolicited judgment.
His bottom line: AI is diffusing faster than any technology in history, but people inside the bubble always overestimate diffusion speed — "it will still take longer than you think."
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