Chamath Called the SaaS Comeback on May 15th: Salesforce Is Up 50% Since! @Jason: “Chamath, what's your take on this? You've been pretty critical of the SaaS space in previous episodes.” @chamath: “I think the high end of the market where Marc (@Benioff) operates, where the large monoliths operate, is quite safe. What people are finding is, ‘Hey, hold on a second. This is a lot harder than we thought.’ It's not like boop, beep, boop, put in a prompt and beep, bop, boop, it all works. It's not how it works. I think we're a little oversold. Now, I think this consolidation and the re-rating can happen in the opposite direction. So what is the opposite trade? The opposite trade is who has constructive net dollar retention, who has negative churn that's been really predictable, which is a way of saying who has the best relationships. Those guys I think are positioned to crush.” What to look for in SaaS companies in the AI Era: -- constructive net dollar retention -- predictable negative churn -- the best relationships $CRM