The New Startup Playbook | Box CEO Aaron Levie

AI agents let 3-10 person startups match 50-200 person companies' output, opening a rare window to outrun incumbents before distribution still decides winners.

• Agent leverage reshapes teams: Levie says startups can now hit 3-5-10x engineering output by having founders act as reviewers/orchestrators of background coding agents rather than writers of code.
• Coding agent market already huge: Levie cites Replit, Cursor, Windsurf, Lovable, and Cognition as proof a '20-30-40 billion dollar' coding-agent category emerged in three years, and says he'd underwrite 'a couple hundred billion dollars' more.

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