Chollet: early-2026 "SaaSpocalypse" panic was BS, Stripe data shows
fchollet · x · 2026-11-16
François Chollet calls the early-2026 market panic about SaaS "obviously BS," citing Stripe data: SaaS equity prices have returned to roughly pre-panic levels and revenue growth has stayed strong or accelerated — echoed across TinySeed's 217 SaaS portfolio companies.
He cautions this doesn't mean AI won't reshape SaaS; no one knows how much. Massive change throws off confusing signals: many companies grow strongly while others are devastated, and M&A multiples are down because long-term viability can't be priced. All are true at once.
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