Is AI Killing SaaS, or Making It Better?

<p>In early 2025, one word had the software world spooked: SaaSpocalypse. The fear that AI was about to gut traditional SaaS wiped out roughly $2 trillion in public market value and cut valuations in half almost overnight.</p><p>So, is AI actually killing SaaS? Melissa Widner asks three investors who don&#39;t think so: Bill McAleer of <a href="https://www.voyagercapital.com/" target="_blank" rel="noopener noreferer">Voyager Capital</a>, Ron Weissman of the <a href="https://www.bandangels.com/" target="_blank" rel="noopener noreferer">Band of Angels</a>, and Ian Levine of <a href="https://www.launchpadventuregroup.com/" target="_blank" rel="noopener noreferer">Launchpad Venture Group</a>.</p><p>They dig into why the companies everyone expected AI to wipe out are growing instead of churning, where &quot;rip and replace&quot; really is coming for software, and why SaaS buyers are changing in ways most people haven&#39;t noticed yet. All three also agree on something bigger: we&#39;re in an AI bubble, and it&#39;s about to reshape how these companies get funded and valued.</p><p>Each guest closes with a prediction bold enough to look either brilliant or ridiculous in a few years.</p>