We're interested in the last universal common ancestor of all life (LUCA). In theory, this is a species that gave rise to both Bacteria and Archaea. The general assumption is that this is a single species with a well-defined set of genes that can now be found in all, or almost all, living species.
There are some scientists who question that assumption because they see massive transfers of genes between "species" during the early history of life. This gives rise to a web of life and not a well-defined tree. [The Three Domain Hypothesis: RIP] [The Web of Life] If that model is correct, then the ancestor of all living species could be a group of species that contributed different genes to a pool of organisms that lived billions of years ago. Early Bacterial and Archaeal ancestors could have independently acquired some genes by horizontal gene transfer.









