Executive Summary
Anish Acharya from Andreessen Horowitz presents a contrarian thesis that the SaaS sector is oversold, not obsolete. His core argument centers on a fundamental misallocation of innovation focus: rather than using AI to rebuild existing 8-12% IT spend categories like payroll and ERP, enterprises should deploy AI's 'innovation bazooka' toward the remaining 90% of operational spend. Acharya identifies a critical structural shift where coding agents are dramatically reducing switching costs between S...
Key Investment Opportunity
Incumbent SaaS Companies with Deep Workflow Integration
Companies with extensive human workflows and high engagement layers are positioned to benefit from reduced switching costs through competitive differentiation rather than face disruption
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