Almost No SaaS Companies Are Capturing Real Token Spend, Warns Enterprise AI Investor

matt_slotnick · x · 2026-09-02

In a discussion on whether enterprise AI must come at SaaS's expense, @SouthernValue95 argues the fastest path to AI diffusion is token-driven inflection in SaaS ARR. mattslotnick counters that so far very few (if any) SaaS companies are actually capturing meaningful token spend, and the real risk is core business growth flatlining while the AI layer gets built on top by someone else — a bad endgame for incumbents.

Related event: SaaS Isn't Dead: Token-Driven Demand Powers Growth(3 posts)→

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