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Cognigy Sells for $955M in the Latest AI Unicorn Exit: But Was There Even an AI Premium at All?
Jul 28, 2025
Dissecting Nice's $955M AI Acquisition (Almost-a-Corn) and What It Tells Us About Real World AI Market Premiums TL;DR: Nice's $955M acquisition of AI conversational commerce leader Cognigy represents a ~15x forward revenue multiple that looks downright conservative...
Why Bolt.new Won When I Asked Claude About Coding Platforms: The GEO Wars
Jul 28, 2025
I've gone deep on Replit and Loveable and done cool things with both. But I'd never actually tried competitor Bolt.new until just the other day. All I knew before was: The founder is OG SaaStr (love it!) The head of sales used to work on our sales team, apparently...
Dear SaaStr: How Do I Get Customers to Switch From a Competitor When There’s a Significant Migration Process?
Jul 28, 2025
Dear SaaStr: How Do I Get Customers to Switch From a Competitor When There’s a Significant Migration Process? Yeah, that’s the killer. Migration is the Achilles’ heel in stealing customers from an incumbent. Too many founders don’t fully get it. And 95%+ of sales...
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Artificial Intelligence (AI), Blog Posts, SaaStr.Ai
Cognigy Sells for $955M in the Latest AI Unicorn Exit: But Was There Even an AI Premium at All?
By Jason Lemkin | July 28, 2025
Dissecting Nice’s $955M AI Acquisition (Almost-a-Corn) and What It Tells Us About Real World AI Market Premiums TL;DR: Nice’s $955M acquisition of AI conversational commerce leader Cognigy represents a ~15x forward revenue multiple that looks downright conservative compared to direct competitors Sierra (225x multiple) and Decagon (250x multiple). Rather than paying an AI premium, Nice…
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Artificial Intelligence (AI), Blog Posts, SaaStr.Ai
Why Bolt.new Won When I Asked Claude About Coding Platforms: The GEO Wars
By Jason Lemkin | July 28, 2025
I’ve gone deep on Replit and Loveable and done cool things with both. But I’d never actually tried competitor Bolt.new until just the other day. All I knew before was: The founder is OG SaaStr (love it!) The head of sales used to work on our sales team, apparently (just found out!) They partnered with…
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Blog Posts, Q&A
Dear SaaStr: How Do I Get Customers to Switch From a Competitor When There’s a Significant Migration Process?
By Jason Lemkin | July 28, 2025
Dear SaaStr: How Do I Get Customers to Switch From a Competitor When There’s a Significant Migration Process? Yeah, that’s the killer. Migration is the Achilles’ heel in stealing customers from an incumbent. Too many founders don’t fully get it. And 95%+ of sales execs don’t get it. Even if your product is better, the…
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