Joe Schmidt IV
Joe Schmidt IV is a Partner at Andreessen Horowitz (a16z), where he focuses on enterprise software, fintech, and insurtech investments. He is best known for his thesis on AI-driven displacement of legacy enterprise systems, articulated in his piece 'Workday's Last Workday,' which argues that AI-native software will unseat entrenched incumbents like Workday and ServiceNow for the first time. Before joining a16z in 2021, he was VP of Business Development at Ethos and an investor at Accel Partners.
“For the first time, you can actually go to a CHRO or you can go to a CIO and say, the way that this core system works for you today can be so fundamentally different.”
Source→“Workday's reported $400M AI ARR, growing triple digits, is framed as misleading.”
Source→“Rippling (Deal) — AI-era HR/workforce management platform. Described as A16Z's largest investment and a distinct, complementary category.”
Source→“There's the people going after core HR and core payroll today... that is an opportunity. We see that across many different categories.”
Source→“You saw the Salesforce headless announcement. They're doing as much as they possibly can to shift towards this future.”
Source→“You see them come back and say, 'We see this shift. We just lost our baby. We know exactly what to build.' They were the perfect founding team.”
Source→“We're seeing this already in ITSM, which is tightly related to HR. We're seeing the cracks in the most defensible businesses in the world.”
Source→“For the first time, you can actually go to a CHRO or you can go to a CIO and say, the way that this core system works for you today can be so fundamentally different.”
Source→“For the first time, you can actually go to a CHRO or you can go to a CIO and say, the way that this core system works for you today can be so fundamentally different.”
Source→“If I had a map of the United States and there's lights in the major cities — and it's like the lights indicate like who has discovered that AI can actually dramatically transform business processes... the rest of the country is kind of dark. [00:23:18]”
Source→“I think it's an incredible team. They're not exactly doing this play. And I think maybe the company that builds this business that we're talking about in this post could be an amazing partner with Deel over time. [00:11:33]”
Source→“You saw the Salesforce headless announcement. They're doing as much as they possibly can to shift towards this future. [00:18:52]”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.