Town's founder shut down an AI tax startup with nearly $1M in first-year revenue
a16z says Greze believed incumbents could automate tax prep for existing customers faster than his startup could gain market share.
TLDR
a16z says former Plaid CTO Jean-Denis Greze shut down his AI tax product despite nearly $1M in first-year revenue and a projected $2.5 million to $3 million the next year. He pivoted to Town, an AI assistant that works from email and calendar. In another excerpt, Greze says Town competes with its AI token suppliers and argues businesses should consider who provides and routes their AI.
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