Note sull'episodio
In February, software lost two trillion dollars. Everyone said AI was coming for SaaS.
Ten weeks later it was over. The big platforms reported earnings growing 30 to 40%. Nobody built their own Xero.
So that's settled. But something else started.
Canva cut its growth forecast. Not because people stopped using the AI. Because they used it too much, on free plans. For fifteen years the 10,000th customer cost you nothing. That's what made freemium work. Tokens changed it.
And Harvey, the legal AI company, just shipped its own model rather than keep paying frontier prices on every legislation search.
Cam and Jez on what actually broke, why direct-to-consumer is more exposed than enterprise, and the question underneath all of it.
Not whether SaaS survives. Who ends up with the margin.
Five minutes. One thing that matters. We ignore the rest, so you can too.
Vibe CFO is Australian founded. An AI CFO for small and medium business, out of the box, governed and secure.
Vibe in 5.