https://minutesof.com/on/saas/ Everyone on the record about saas: 15 verbatim quotes from 3 people, March 2012 to May 2026, in one chronology, each with a timestamp and a link to its… en Sun, 30 Aug 2026 22:33:13 +0000 https://minutesof.com/q/bc5a5566-b96e-4ba5-8fbb-169a20af1672/ https://minutesof.com/q/bc5a5566-b96e-4ba5-8fbb-169a20af1672/ “And these three companies employ thousands of people, tens of thousands collectively. They've all spent ten years building their businesses and Anthropic added their combined businesses in one month.” — Gavin Baker, Invest Like the Best Wed, 20 May 2026 08:00:00 +0000 saas https://minutesof.com/q/9c12cc3b-5c54-4a50-9c06-e4d2d16091b9/ https://minutesof.com/q/9c12cc3b-5c54-4a50-9c06-e4d2d16091b9/ “Anthropic, they added $11,000,000,000 of AR. And what is astonishing to me about this is that the SaaS and cloud revolution it created, we'll call it between 5 and $10,000,000,000,000 of value.” — Gavin Baker, Invest Like the Best Wed, 20 May 2026 08:00:00 +0000 saas 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.” — Gavin Baker, Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 saas 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.” — Gavin Baker, Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 saas 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.” — Gavin Baker, Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 saas 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.” — Gavin Baker, Invest Like the Best Tue, 09 Dec 2025 15:05:00 +0000 saas https://minutesof.com/q/40e6f4aa-d7b0-4899-8bcf-9546b1260b89/ https://minutesof.com/q/40e6f4aa-d7b0-4899-8bcf-9546b1260b89/ “what really values companies, you know, it's typically a discounted cash flows and so now all of a sudden the buy side's asking SaaS companies about net dollar retention, about long term operating margin, about whether their free cash flow is greater or less than their net income, about SBC as a percentage of free cash flow.” — Bill Gurley, All-In Podcast Mon, 23 May 2022 05:10:20 +0000 saas https://minutesof.com/q/97ef2aba-7191-44d0-8ab6-f8fa9c7a9df8/ https://minutesof.com/q/97ef2aba-7191-44d0-8ab6-f8fa9c7a9df8/ “price to revenue is like this really crude valuation tool, it's like the crudest you could possibly have.” — Bill Gurley, All-In Podcast Mon, 23 May 2022 05:10:20 +0000 saas https://minutesof.com/q/c0036f3a-cf91-49ec-82e1-e592fc3f1c9f/ https://minutesof.com/q/c0036f3a-cf91-49ec-82e1-e592fc3f1c9f/ “And so what really values companies, you know, it's typically a discounted cash flows. And so now all of a sudden, the buy side's asking SaaS companies about net dollar retention, about long term operating margin, about whether their free cash flow is greater or less than their net income, about SBC as a percentage of free cash” — Bill Gurley, All-In Podcast Mon, 23 May 2022 04:51:01 +0000 saas https://minutesof.com/q/74084f05-22c6-49ba-aa9e-af0823786082/ https://minutesof.com/q/74084f05-22c6-49ba-aa9e-af0823786082/ “Snowflake this year will grow its free cash flow at over a 100% a year, next year probably, you know, 80 or 90%. Free cash flow, not just revenue, free cash flow.” — Brad Gerstner, All-In Podcast Sat, 26 Mar 2022 05:49:32 +0000 saas https://minutesof.com/q/98a81965-4579-4224-bbf8-c90f072e0373/ https://minutesof.com/q/98a81965-4579-4224-bbf8-c90f072e0373/ “Add into that a roaring, screaming public market that's been on a bull run for, what, twelve years? And multiples in the public markets, especially in, the SaaS world that are out of this world.” — Bill Gurley, Axios Wed, 18 Aug 2021 17:10:45 +0000 saas https://minutesof.com/q/5aa463e2-dd38-4002-921d-8db5149a470c/ https://minutesof.com/q/5aa463e2-dd38-4002-921d-8db5149a470c/ “Compare where the software companies that are in the pipeline or that have recently gone public, compare those valuations to where Salesforce went public.” — Brad Gerstner, Invest Like the Best Tue, 23 Jun 2020 09:30:00 +0000 saas https://minutesof.com/q/3bcf1ebf-e587-4ada-8508-f356465c2082/ https://minutesof.com/q/3bcf1ebf-e587-4ada-8508-f356465c2082/ “the sales executive has a green light on any purchase in a company. The HR executive does not. They had a product where you could put it on a credit card.” — Bill Gurley, This Week in Startups Fri, 07 Apr 2017 23:27:51 +0000 saas https://minutesof.com/q/1e19ffb2-72ef-4185-9eb3-dd7621638e65/ https://minutesof.com/q/1e19ffb2-72ef-4185-9eb3-dd7621638e65/ “I say we spent forty years cramming technology into the enterprise. We're going to spend the next ten yanking it out. It's just so wholesale that you're moving systems outside.” — Bill Gurley, GigaOm Tue, 11 Dec 2012 18:06:49 +0000 saas https://minutesof.com/q/27bf88ff-f7f6-4f53-be44-230ed6cfa76a/ https://minutesof.com/q/27bf88ff-f7f6-4f53-be44-230ed6cfa76a/ “Once it's in the cloud, they connect to Zillow, they connect to rent.com, they push the listings out, they communicate with the end user of the apartment, and so this workflow that starts to be connected from the cloud to the small business, to the consumer, to the smartphone app, that's all white space in a bunch of different verticals.” — Bill Gurley, Bloomberg Originals Fri, 23 Mar 2012 16:15:50 +0000 saas