You Don't Get Re-Rated “Just for AI”
This follow-up grounds my earlier “re-rating” thesis in underwriting reality, laying out three lanes for PE-owned SaaS assets (compound, consolidate, transform) and the tests that separate real AI value creation from packaging.
Unified Platforms: The Real Moat is Built Before You Build AI
Flashy AI demos are easy. Compounding intelligence is not. The companies that win build unified platforms first, then use AI to accelerate learning. Everyone else is just adding features to systems that can’t compound.
The Trap of “Cloud Thinking” in an AI World
Most leaders approach AI with cloud-era instincts. That mistake is costly. Cloud was a delivery upgrade. AI is a capability shift. It rewrites how software creates value, compounds advantage, and pulls winners away from laggards.
How to Re-Rate Your Pre-AI SaaS Assets into AI Valuations
SaaS multiples have reset, but AI multiples haven’t. Many SaaS platforms bought during the 2017–2021 cycle still have strong cores. They’re just stuck in a market that is now rewarding the next technological shift of AI, and the economics it represents. This piece lays out a practical, investor-focused playbook for identifying which assets can evolve, how targeted AI-led acquisitions accelerate that shift, and why decisive product and architectural transformation is the only path to re-rating into the AI valuation cohort.