SaaS Isn't Dead. The Old Investment Thesis Is.
Miro joins the Bending Spoons scrap heap. Every over-raised company backed into the trash compactor is an opening for a more capital efficient alternative.
Now Miro goes on the bending spoons scrap heap of products I loved once.
I keep saying SaaS isn't dead, the old investment thesis for SaaS is dead.
As more companies that raised too much get backed into the trash compactor, there is I think a product opportunity in building new alternatives that are much more capital efficient and using the moment of the price raises and bad feelings as a way to get attention in the market.
Miro is probably a bad example of this because their core feature set got commodified, but there will be more.
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