Nathan Benaich: Bending Spoons and data companies are the grim reapers of SaaS
nathanbenaich · x · 2026-10-29
Nathan Benaich, founder of Air Street Capital, posted that Bending Spoons-style acquirers and data companies are "the grim reapers of SaaS"—referring to their playbook of buying tired consumer/SaaS products, cutting costs, and milking subscription revenue, systematically harvesting the traditional software industry. A one-liner, but from a well-positioned AI investor, pointing at the broader rollup-and-extract trend reshaping software.
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