Is AI Killing SaaS, or Making It Better?

In early 2025, one word had the software world spooked: SaaSpocalypse. The fear that AI was about to gut traditional SaaS wiped out roughly $2 trillion in public market value and cut valuations in half almost overnight.So, is AI actually killing SaaS? Melissa Widner asks three investors who don't think so: Bill McAleer of Voyager Capital, Ron Weissman of the Band of Angels, and Ian Levine of Launchpad Venture Group.They dig into why the companies everyone expected AI to wipe out are growing instead of churning, where "rip and replace" really is coming for software, and why SaaS buyers are changing in ways most people haven't noticed yet. All three also agree on something bigger: we're in an AI bubble, and it's about to reshape how these companies get funded and valued.Each guest closes with a prediction bold enough to look either brilliant or ridiculous in a few years.