$300 billion evaporated from enterprise software stocks last week. Hard to miss the “SaaS is dead” narrative.

"I love how everyone is saying 'SaaS is dead' like you're going to get the Fortune 500 to ditch Salesforce for a CRM vibe coded by a 13-year-old." - Justine Moore, a16z

Instead of thinking about AI as disrupting Software, think of how AI is enabling Software to evolve.

From 1.0 to 2.0.

From Deterministic Applications with buttons for humans to tell it what to do → to Probabilistic Applications with a brain, calibrated agency, guardrails + connections to tools. 

Software was a tool. Now software uses tools. 

That's a massive expansion of the surface area of work it can do.

Check out what Jason Calacanis aka “the world's greatest moderator” and his team built with ULTRON, an advanced AI agent designed to automate podcast production and investment tasks equivalent to 20 entry-level roles. 

“Producer Oliver,” a non-technical team member, helped build it. He’s using ULTRON to move up the stack. Focusing more on the 20% of work that drives 80%+ of the results. 

More time working on bigger content ideas.

For those on the investment side, more time meeting with gnarly founders putting a dent in the universe.

Pareto’s Principle FTW.

That's not software dying. That's Software 2.0. 

From a tool humans use to complete tasks to a digital colleague that can do anything a human can do with a computer today.

As Steven Sinofsky put it: 

"We are nowhere near meeting the demand for what software can do. The number of processes and experiences in work and life that are not yet fundamentally improved by software is far greater than the number that have been improved by software."

We don't need less software. We need so much more of it. 

And now we have the tools to build it.