Tim Davies warns that established SaaS companies face rapid disruption from unknown competitors offering identical services at a fraction of the price, often with skeleton crews. He predicts many legacy providers could collapse into administration faster than ever before.
see some businesses that have been around forever all of a sudden going to administration. We've seen it before, they get announced all the time, um, but I think that will happen more quickly. And there'll be disruption from a brand and a company that nobody's ever heard of that has been able to undercut them. And we'll see that with the SaaS companies pretty quickly. So big names who've been used to having huge revenue through their software as a service product all of a sudden completely undercut by something offering the same service for— same or better service for a fraction of the cost. And many of those businesses won't have staff, but they'll be offering the same service that SaaS was.
EP 60: Why Founders Become the Bottleneck — And How AI Changes Everything | Thea Brook
