Jared Sleeper on Which Software Companies Will Survive the 'SaaSpocalypse'

The markets seemed to get bearish on a bunch of SaaS companies over the past couple of weeks, with many analysts attributing it to AI (though, of course, one can never know definitively what causes many individual behaviors).

This is a good episode of Odd Lots where Jared Sleeper, an investor at Avenir, breaks down why this seems to be happening all of a sudden.

A bunch of good in-the-weeds details about how software is priced vs. where the value is, how software companies tend to report earnings (non-GAAP) which can also mean that they’re not in nearly as strong a financial position as they might seem, and a recommendation to build the weirdness index.