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The other part of this is the AI wave. Every SAAS company in the world is vulnerable to someone with higher AI driven pace, or better AI features to overtake them.

Even Google is an example, it seemed like the most defensible business. They could coast for years, but now they are literally at risk of losing vs openAI.

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I think this is the fear, but I haven’t seen any evidence that AI is making companies more productive. Lots of anecodotes, pro and con, about individual effects, and a small number of studies, pro and con, about company effects, but nothing definitive, and certainly not the kind of groundswell of new products and releases that I would expect.

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