SaaS

“Like, SaaS. Like, I just think, like, SaaS is a good, and it's not that SaaS isn't viable at all. Like, SaaS is a viable business model, like, but matching it to the valuations and expectations of the last cycle.”

“People say that these things are just wrappers on GPT in some cases, and you're like, well, SaaS is just a wrapper in a SQL database, and that worked out just fine for lots of people.”

“The big mistake everyone made in SAS as investors is they calculated infinite LTV. They're like, once we have a customer, they are never going to turn. Right. And therefore like we can pay a lot for them and we'll have them forever.”

“Does this fuck the whole low-code, no-code movement? Yes. Absolutely. Does it fuck SaaS? Yes. Because all of a sudden, you're not using Zapier to put this shit together. It doesn't matter. Like, there's a thousand ways, there's just completely irrelevant. So a…”

“They're like, I totally buy the like SaaS is dead story.”

“I've seen people on the internet trying to claim that SaaS is back, which is just the wrong take.”

“I would say SaaS is, you know, like, if you're an enterprise person, you're not saying the word SaaS anymore. That's dead. I mean, literally, you're not saying that. Nobody thinks that's hot, right?”

“And I think we're sort of rapidly moving towards a world where the UI, which largely was the entire business model of SAS for the last 10 years, most of SAS was like, I'm going to build this complex UX on top of a Postgres database, then I'm going to sell it t…”

“Like, I think we're just at the end of software sales, right? Is the way to think about it. And like, that means you focus on community, you focus on network effects. There are things that are valuable, but like, there's no such thing as a software company any…”

“Well, they're just gonna go away.”

“The SAS business model definitely gets disrupted because it was predicated on selling seats.”

“I think Bending Spoons is, like, so well positioned with a public currency to pick all this shit up for cents on the dollar.”

“It's the same. It's the same investors. It's exactly the same cap tables.”