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.