SaaS companies

“All these SaaS companies are six or seven years in their lifetime, and this is going to happen 1015 years down the road, and it's going to take a while. They have to kind of establish that big customer base and that large recurring customer base before, before…”

“I really believe that the SAS companies really are going to take over a lot of the markets. It's a much harder transition this time. It's not just, I need to build a, the, a similar solution on a new architecture. It's I've got to do that and transform the bus…”

“Another idiosyncrasy is I would say like on the margin, you tend to have founders still leading the SaaS companies. And so we didn't really have that in the on-prem world. And so you like Siebel already had three CEOs later and PeopleSoft already had multiple …”

“And if you look at the revenue of just two of the top tier frontier labs You know, if you look at the chart on the left, not only have they surpassed the early revenue ramps of some of the best SaaS companies in history I'll point you over to the right they're…”

“Every SaaS company under the sun has launched an AI product. They're not just sitting on their hands, and you'd think that they'd have a huge advantage given distribution, but we're just seeing classic innovators dilemma.”

“It is definitionally impossible, given what we just discussed, to succeed in AI without gross margin pressure, and I do not know why they have concerns, because we have an existence proof that a software company can deal well with declining margins in Microsof…”

“The fastest growing AI companies are reaching a hundred million bucks of revenue significantly faster than the fastest growing SaaS companies in their era.”

“I don't think so, because I think if they're smart, then the thing that AI can't do is distribution, right? So if you have Notion, you have Figma, you have, you know, Replit and so on and so forth, you've got all these people and Boom. You can ship with AI fas…”