🤝 **Theory Ventures: Are foundation models friend or foe to app companies?**
A June 1, 2026 thesis piece examining whether foundation model providers (OpenAI, Anthropic, etc.) will increasingly compete with the very application-layer startups built on top of them.
[🔗 Read more](/leaving?url=aHR0cHM6Ly90aGVvcnl2Yy5jb20vYmxvZw==)