bloomberg
1 articles
The Vertical SaaS Reckoning — A 10-Year Veteran Dissects How LLMs Are Destroying Moats (And Which Ones Survive)
Nicolas Bustamante — founder of Doctrine (Europe's largest legal information platform) and Fintool (AI equity research competing with Bloomberg/FactSet) — dissects 10 classic moats of vertical software from both the disrupted and disrupting sides. 5 moats destroyed by LLMs, 5 still standing. Includes a three-question risk assessment framework for evaluating your SaaS holdings.