Happy Spring! After navigating "Ides of March", it’s time to tackle the story that has every SaaS executive reaching for antacids and every cybersecurity CISO simultaneously terrified and quietly pumping their fist . This saga has everything: a mythology-named AI model too dangerous to release, a real-time startup mortality tracker called "Death by Clawd," and an unannounced emergency meeting at the U.S. Treasury . You genuinely cannot make this stuff up . And we are not even halfway through April... SaaSpocalypse: The First Shoe Drops The trouble started well before Mythos. In early February, roughly $285 billion in software market cap evaporated in 48 hours . Stalwarts like Salesforce, Adobe, and ServiceNow—names that had compounded investor wealth for a decade—suddenly dropped 25-35% . A Jefferies trader coined the term that stuck: the SaaSpocalypse . The structural logic is elegant in its brutality. The SaaS golden model was built on one pre...
Commentary about markets and investment ideas and some random thoughts!