Troy Kirwin discusses the rapid transformation happening in the software industry as it shifts from traditional data storage and collaboration tools to AI-driven solutions. He emphasizes that this evolution presents a significant opportunity for new startups to challenge established companies, particularly those backed by private equity. Founders can find inspiration for their ventures by examining private equity portfolios for potential gaps and categories ripe for disruption. Kirwin highlights a trend where venture capitalists (VCs) are increasingly acquiring legacy business services companies, integrating AI to enhance their operations. For instance, he mentions AgentAstra, a company acquiring freight forwarding services while leveraging debt for these acquisitions. Their goal is to double profit margins and create “AI native” businesses. Kirwin believes that by 2026, the lines between traditional venture capital and private equity will blur, as both sectors adapt to the AI landscape. This convergence could reshape how these industries operate and compete.