One of the things about this whole death of SAAS thing is -

People buy SAAS to offload the cognitive load of understanding the problem space, not just because it’s hard to write for loops.

But writing code probably is a cost. I think there will be an impact but I wonder if - these big companies keep selling to big companies because no one wants to hire a whole ass compliance team to ensure the business logic is consistently up to date.

But maybe there’s a whole lot of people caught up in edge cases that can be solved by a smaller team now? This I think is mostly what I hear about.

In summary, I suspect this is an overcorrection but there is some level of core concern here.

But like, how are IFTTT and zapier doing?

Indeed. Management is excited about AI now, until they figure out the problem is not, and has never been, writing the initial code.

It’s maintenance, compliance and support that is the reason they bought instead of built.

> One of the things about this whole death of SAAS [...]

If I purchase a swarm of domain-specific agents I am still purchasing software.

If I am building my own agents that I am monetizing I am still indirectly purchasing compute.

If I am purchasing Cursor licenses on a subscription I am still paying for code (also know as software) as a service.

The thing is, Agents and AI services are SaaS but not all SaaS is agents or AI.

> But like, how are IFTTT and zapier doing

Zapier is on track to exit either this year or next - they have a GAAP revenue of around $300M in FY25 and $400M at FY26 at a $5B valuation. They can justify a $6B-7B IPO.