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April 18, 2026·sequoiacap.com

How to Build Services-as-a-Software Business

Sequoia's Julien Bek: the next trillion-dollar company won't sell the tool — it will sell the work itself.

For every $1 spent on software, companies spend $6+ on services. AI just turned that massive budget into a startup goldmine.

Copilot helps humans do the job better. Autopilot skips the human entirely and delivers the outcome directly.

Autopilot businesses compound with every model upgrade.

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