In this episode of the WRAP UP Podcast, I sit down with Noah Levine, Partner at @a16z , to unpack one of the biggest emerging shifts in commerce: agentic commerce.

We explore why agent-led transactions are not just about AI buying shoes or booking flights on behalf of consumers, but about a much deeper change in how commerce infrastructure may work. Noah explains why the near-term opportunity may be less about traditional shopping and more about developers, AI tools, APIs, data providers, and a new class of “headless merchants” built for agents rather than humans.

We also discuss how checkout could change when agents become buyers, why storefronts may slowly give way to endpoints, how merchants will compete when agents care more about APIs, documentation, price, and reliability than brand experience, and what this means for customer ...