I don’t agree. I think businesses including SaaS are not primarily their tech, but are mostly composed of other functions: sales, marketing, customer success, product management, strategy etc. The value is actually more in these other components than in the code.
Sure, but code isn't the only barrier that's been lowered. A competent entrepreneurial team can also scale their sales, marketing and customer success workflows with AI.
I'm not saying business is easy now. I'm saying that a small team of smart people can do a whole lot more with the tools available to them. You still need strategy and vision (or the ability to copy someone else's playbook) but execution is a lot cheaper.
For some businesses yes, but for many no, the software and the infrastructure are all that matters and hopefully they don’t touch what works and don’t add features no one asked for.