“The environment may be rough at OpenAI, but at a traditional SaaS company, there is likely no greater whiplash than SaaS is eating the world in 2012 to Saas is screwed today. The stocks reflect it; multiple compression in the companies has been painful and will persist. …

“I believe that all software must leave information work as soon as possible. …

“Faster workflows, better UIs, and smoother integrations will all become worthless, while persistent information, a la an API, will become extremely valuable.

“Other companies that I think could be significantly affected include Notion and Airtable. Monday, Asana, and Smartsheet are merely UIs for tasks; why should they exist? Figma could be significantly disrupted if UIs, as a concept humans create for other humans, were to disappear.”

Doug Olaughlin

VC 👀