Sequoia's Konstantine: consumer agents took off first, $1B+ annualized purchases
Konstantine · x · 2026-11-14
Sequoia's Konstantine recalls the firm predicted the agent economy in late 2023, expecting B2B adoption first (logistics, supply chains). Instead, consumers led:
- People are opening their email and wallets to agents acting on their behalf
- Instinct has passed $1B in annualized purchase volume; 40% of users add a credit card within 3 weeks
- Meta (Muse) and SpaceX (Grok) are also betting on consumer agents
- The experience is imperfect—like the early internet before payments smoothed out—but retention signals real product-market fit
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