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Dear SaaStr: Will the Failure on Bench Make VCs Reconsidering Replacing Founders as CEOs? I dont think so. I dont know all the details, but what I can tell you is 95%+ of the VCs I know and work with do not want to replace the founder CEO ever. Only as a very last resort. Yes, in the old days of tech, it was more common. But it all began to change with Facebook, and just accelerated since.
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So it’s in the air. Not everywhere, not at every start-up or scale-up. But in general, overall, a sense that SaaS is back. It’s not just AI, although that’s part of it. It’s not just the big run-up in many SaaS stocks recently, although that’s a big part of it. It’s also data that suggests that for those that have seen a downturn, the bottom is behind us.
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