Two VCs and a SaaS founder debate how companies should respond to market shifts. One argues firms must aggressively build new products using today's speed and resources. Another warns that only the strongest SaaS companies have the grit to survive the next wave, citing a high-revenue firm that quit after feeling undervalued.
You got to go build new products and technologies and services. Like, the way I see it, we're going to create our way out of this problem. We're not going to, like, hide in a hole and, like, wait for it to go away. And part of that is accepting the reality of what's changed and also what's changed in a positive way. That always seems very negative. We can build things way faster and way better than we ever have been able to before. I think we talked them a year ago whenever that was. Like, if we refounded atlassian today with 350,000 customers, 50,000 enterprise customers, couple of billion bucks in the bank, and 10,000 people in R and D and a great distribution engine to get to all those customers and deliver new value, you'd be like, it's a pretty good starting point to start a business, right? Like, let's go build some stuff, right?
You're right, Mike. When you talk about creating value, we as three VCs, know exactly how you feel. We are the value creators. Just to be clear. It's clear when Harry's been
sarcastic. I would say, I don't know what you think of your. I mean, your SaaS group is pretty elite, Mike, but I would say maybe Only the best SaaS B2B, C, I knows, are really up for that. A lot of them are introspecting. A lot of them. I talked to one that quit at the end of the year at hundreds of millions of revenue and said I was told I wasn't important in our space. That was. That was the goodbye message. And so not everyone has it in them to go through, to push through this next wave. Maybe only the best. Maybe only the best do. Maybe. I mean, you're one of the best, right? We don't have to rank you
and that's okay, right? I think we shouldn't pass judgment on that.
