This essay explains why we chose the harder path—to build a full-stack AI investment bank to compete with the large incumbents, rather than sell SaaS directly to them. The thesis is simple: M&A will always matter, but legacy banks are structurally unable to run AI-native workflows, and therefore will be unable to capture the full upside.

With the rise of AI-powered software development, including low-code platforms and vibe coding, robust cloud computing resources, and mature open-source ecosystems, building large-scale software quickly has never been easier. As a result, entrepreneurs are now creating AI-powered vertical SaaS products that combine the functionality of multiple hor... See more