The Minutes of Gavin Baker on margins https://minutesof.com/gavin-baker/on/margins/ Everything Gavin Baker has said on margins: 4 verbatim quotes between December 2025 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:21:42 +0000 Baker argues SaaS companies are repeating brick-and-mortar retailers' mistake by rejecting AI due to lower mar https://minutesof.com/q/48ce082d-32d8-499e-930f-c182af61ba0d/ https://minutesof.com/q/48ce082d-32d8-499e-930f-c182af61ba0d/ “Well, I think that application SaaS companies are making the exact same mistake that brick and mortar retailers did with e commerce.” — Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 margins Baker argues SaaS companies are repeating brick-and-mortar retailers' mistake by rejecting lower-margin AI bus https://minutesof.com/q/a4e665dd-3663-4c29-8c75-622b18264f6c/ https://minutesof.com/q/a4e665dd-3663-4c29-8c75-622b18264f6c/ “I think that application SaaS companies are making the exact same mistake that brick and mortar retailers did with e commerce.” — Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 margins Baker notes AI companies generate cash earlier than SaaS despite lower margins due to fewer employees. https://minutesof.com/q/f486a7c7-1b3b-4ce7-94c8-c5696df09044/ https://minutesof.com/q/f486a7c7-1b3b-4ce7-94c8-c5696df09044/ “The crazy thing is because of those efficiency gains, they're generating cash way earlier than SaaS companies did historically, but they're generating cash earlier, not because they have high gross margins, but because they have very few human employees.” — Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 margins Baker says AI companies generate cash earlier than SaaS despite lower margins because they have very few human https://minutesof.com/q/f7b5e441-c994-41ce-a69f-fef72d295258/ https://minutesof.com/q/f7b5e441-c994-41ce-a69f-fef72d295258/ “And it's just tragic to watch all of these companies. Like you want to have an agent, It's never going to succeed.” — Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 margins