Lemkin: Airtable's low-price acquisition will trigger a wave of SaaS capitulation sales
Jason Lemkin · Leo Aschenbrenner's Situational Awareness Blows Up | Moonshot AI Raises $3.5B at $35B · Aug 5, 2026 · at 14:03
SaaS investor Jason Lemkin discusses the market-wide psychological impact of Airtable selling for $1.285B after reaching an $11B valuation.
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“What I think might happen is this is the one where people capitulate both founders and investors where they say, look, folks have already had marked down since 2021, but they're not consistent. This deal in many ways was everyone capitulated. The late stage got one X, the founders made 150, a lot less than they thought, but certainly enough to survive even today in San Francisco with rents up, right? Everyone said they capitulated to the markets, and I think we're also all in board meetings where we're seeing the opposite. 30% growth at nine figures where we're going all in, guys, right? We're 20% growth, but we may see a quiet wave of air tabling it.”
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