With Cursor/Lovable/Claude Code, the cost of software creation is approaching zero. I think this will fundamentally change software business models over the next decade. Software itself will be less differentiated, meaning differentiation will have to come elsewhere; in many cases, the software itself will be "free" in... See more

Just as the internet and web browser unlocked the previous shift, the new ease of embedding payments, lending, and other financial products will allow industry-specific software platforms (Vertical SaaS) to destroy multi-market/horizontal solutions like Salesforce. Ever smaller niches will be able to sustain venture-scale software companies because... See more