Matt Nichols is back, and a lot has changed since his first appearance on Retailgentic. Scot and Matt revisit the predictions he made six months ago, look at what came true far faster than expected, and dig into the infrastructure challenges that still stand between us and frictionless agentic transactions. From SKU mapping and API-first checkout to the economics of feeds and the future of retailer traffic, this episode is a full-stack view of where Agentic Commerce stands at the end of 2025, and what’s coming in 2026.
If you want more of Matt’s backstory and Commerce Ventures’ thesis, listen to Episode 4! It pairs perfectly with this deep dive. In this episode, they cover:
- Why VC predictions used to take 5–10 years to play out… and now take 5–10 weeks
- What Commerce Ventures is hearing from both startups and their LP base (top retailers + PSPs)
- Why ACP isn’t “the solution”—and what infrastructure still needs to be built
- The “API vs. fake-it-til-you-make-it” debate in agentic transactions
- How retailers should think about feeds, reviews, and blocking scrapers
- Why “AI magic on your own site” is step one for most brands
- Predictions for 2026: traffic shifts, wallet battles, Apple’s eventual entry, and more
- Where Matt thinks the industry is overly optimistic, and where the real upside is
If this year taught us anything, it’s that the next six months will change more than the last six years. Stay tuned.
Timestamps
05:00 — Welcome back, Matt Nichols
05:10 — Six months later, the world looks different
05:35 — Commerce Ventures in 60 seconds
06:30 — What changed in 2025?
08:00 — Standards vs. infrastructure
10:00 — Retailers’ three priorities right now
12:40 — Static feeds → AI-centric feeds
15:00 — Reviews, Q&A, and proprietary data
17:30 — SKU-level identifiers
20:00 — API-first checkout vs. agentic scraping
22:30 — Fraud, agent authentication & whitelisting
24:00 — Payments are further ahead than commerce infrastructure
27:00 — What retailers are actually worried about
30:00 — Google’s role in accelerating the shift
32:00 — Vertical agents vs. horizontal giants
34:00 — Predictions for 2026 & beyond
38:00 — Final reflections
👉 Connect with Matt: https://www.linkedin.com/in/matthewnichols/
👉 Learn more about Commerce Ventures: https://commerce.vc/
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