Clay Bavor, Sierra Co-Founder: Open Models vs Frontier Models: Who Actually Wins? The $100,000 Token Budget Every Engineer Will Need

Clay Bavor is the Co-Founder of Sierra, one of the world's fastest-growing enterprise AI companies. Sierra is valued at approximately $15.8 billion, has raised more than $1.5BN from leading investors including Sequoia, Benchmark, Greenoaks, GV and Tiger Global, and today serves more than 40% of the Fortune 50. The company recently surpassed $150 ARR, making it one of the fastest-growing enterprise software businesses in history.

In Today's Show We Discuss:

• Why Frontier AI Demand Will Be Unlimited

• Open Models vs Frontier Models: Who Actually Wins?

• China's AI Advantage & The Distillation Debate

• Inside Sierra: The AI Agents Running the Entire Company

• The $100,000 Token Budget Every Engineer Will Soon Need

• Building AI for 40% of the Fortune 50

• Why Forward-Deployed Engineers Are the Future of Enterprise AI

• Sierra's Unusual Board Meetings & Billion-Dollar Company Playbook

• The Four Values Behind a $16B Startup: Craftsmanship, Intensity & Family

• Clay Bavor's Hiring Philosophy, AI-First Teams & What's Coming Next