Not sure they need a full rewrite but they do need to find fast growth, whether it's use cases driven by agents over their proprietary data or something else. This is just a skill that legacy SaaS companies seem to have lost, and they're being shown up by these AI companies growing 100% YoY. And they may have to move to outcome and task-based pricing and put some skin in the game, another skill that doesn't come naturally!
Your point about terminal values getting destroyed by AI uncertainty is the thing nobody else is saying clearly enough. I just wrote up the Klarna case, the company that was supposed to prove AI kills SaaS, and they literally replaced Workday with Deel. They swapped one per-seat model for another and used AI as glue.
Not sure they need a full rewrite but they do need to find fast growth, whether it's use cases driven by agents over their proprietary data or something else. This is just a skill that legacy SaaS companies seem to have lost, and they're being shown up by these AI companies growing 100% YoY. And they may have to move to outcome and task-based pricing and put some skin in the game, another skill that doesn't come naturally!
Full rewrite isn’t always necessary, but sometimes yes. A lot will struggle to build a true ai product without it
Your point about terminal values getting destroyed by AI uncertainty is the thing nobody else is saying clearly enough. I just wrote up the Klarna case, the company that was supposed to prove AI kills SaaS, and they literally replaced Workday with Deel. They swapped one per-seat model for another and used AI as glue.