Dear SaaStr: Have All the Good SaaS Ideas Been Built?
Sort of, but it’s OK.
Why? What software can do in each category keeps evolving, and keeps getting more sophisticated, and more specialized. There is tons of room for the next-generation of every category of software, as well as a new vertical leader or two in each key vertical.
Roughly 70% of public SaaS companies are new versions of old categories (e.g., Zoom remade WebEx, Slack remade Hipchat and so much more, etc.). That’s OK.
We’ve been remaking software categories since the beginning.
And 30% do something really new. The data here:
Yes, the world doesn’t need another clone. But there is now room for 3 or more leaders in each category, and maybe 10+ next-generation unicorns in each Cloud category. That’s plenty of room to innovate and run.
