SaaS is dead

Maybe you've seen the clip where the CEO of Microsoft talks about how SaaS is dead. And, uh, you told me something once that scared the crap out of me, which is you felt like UIs would auto-generate in a few years. I don't know, what's your prognosis on SaaS?

Oh, did I say a few years? That was way too conservative. It's happening now by end of this year. Yeah, it's interesting. I mean, you're starting to see this a little bit with like Replit and Lovable and some of the other products like that. But fundamentally where we kind of see the world going, it's going to get like 80 to 90% cheaper to produce code. You're going to increasingly see these agentic systems that can kind of generate code on the fly. It's going to mean the cost of software is going to go down to zero. And I think fundamentally the kinds of SaaS products that we're used to are either going to change or just go away.