A scary SaaS selloff changes the calculus for startups and private markets: “code alone was never a real moat”
- Posted on February 13, 2026
- By Fortune
- 1 Views
A scary SaaS selloff changes the calculus for startups and private markets: “code alone was never a real moat”
On this Friday the 13th, I didn’t have to try hard to come up with a scary SaaS story for you.
