AI didn't break SaaS. It broke the economics that SaaS was built on.

For years, SaaS had a predictable formula.

Build a product once. Sell it to thousands of customers.

Recover the development cost over time through subscriptions.

That model worked because building software was expensive.

Today, AI is changing that equation.

The cost and time to build new features have dropped significantly. Small teams can now deliver what previously required much larger engineering organizations.

But here's what I find more interesting.

When building software becomes easier, building software is no longer the competitive advantage.

The advantage shifts to everything around it.
* Understanding customer problems.
* Making the right product decisions.
* Running reliable production systems.
* Scaling infrastructure efficiently.
* Delivering consistent value over time.

Anyone can generate code.

Not everyone can operate a platform that customers trust with their business every day.

I don't think AI is making SaaS less valuable.

I think it's forcing SaaS companies to compete on execution instead of feature count.

The economics have changed.

The expectations have changed.

Now the question is:
If every company can build software faster, what will make customers choose yours?