Bessemer’s State of AI 2025 Report

with the Metrics Brothers

Supernovas, shooting stars, and the state of AI.Dave "CAC" Kellogg and Ray "Growth" Rike break down Bessemer Venture Partners’ State of AI 2025 Report, exploring what’s fueling the next generation of AI-native companies.

They cover:

The difference between “Supernovas” that scale fast and “Shooting Stars” that scale smart
Why vertical AI companies are growing 400% year-over-year with strong gross margins
How POCs and real-world ROI are separating hype from adoption
Bessemer’s top five AI predictions for 2026 and what founders should take away

This episode highlights how AI-native startups are evolving from experimentation to execution, redefining what sustainable growth looks like in the age of intelligent software.