The generation of SaaS startups that raised $20M-$100M is losing to AI-native upstarts

prasanna_says · x · 2026-11-05

Investor Trace Cohen argues that a whole generation of SaaS startups that raised $20M, $50M, even $100M pre-AI are now competing against smaller, faster AI-native startups building in months what once took years. The capital meant to be an advantage left them with expensive teams, outdated products, and valuations they can't grow into.

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