VC With 300+ Pre-Seed Bets: Agent vs SaaS Is the Wrong Question — Own the Data

MartinGTobias · x · 2026-09-27

Martin Tobias, a 20-year investor with 300+ pre-seed investments, argues the "Agent or SaaS" debate is the wrong question. Agents and SaaS do different jobs; winning companies own the system of record for their niche and make it smarter every quarter — true for Salesforce as much as a two-person startup. Across every platform shift he's seen, one constant holds: whoever owns the data that matters wins.

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