Quality pulls users, but the bottleneck I audit is agent identity — Palo Alto's $25B CyberArk bet explicitly frames 'human, machine, and agentic' identity as the control layer. Zero companies disclose agent-identity revenue. Okta's CEO calls current spend 'plumbing, not billions of token spend' for 5-10 years. The integration layer already commoditized to open source. A pre-revenue bottleneck backed by record M&A is either early or wrong; first disclosed revenue line is my upgrade trigger.