Tomasz Tunguz - Web3 in SaaS Clothing
Tomasz TunguzVenture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Web3 in SaaS Clothing
In the mid-2010s, every web1 company became a web2 company. This time it’s different. Many web3 companies will become web2 companies, too. Why will web3 companies dress like SaaS mutton? If the current pace continues, web3 startup fundraising will fall by 73% in 2023. The absence of those dollars will flatten & shrink the already modest addressable market for web3 software & infrastructure. Web3 software & infrastructure companies yearning to thrive will need to look beyond the web3 buyer base to new markets with larger willingness to spend. The cloud (web2 software & infrastructure) has captured 40%+ of a $1.5t annual spend on software. Those billions are the future of web3 startup growth. Web3 has created novel technologies that custody data, enable faster & more secure ways of moving money, guarantee provenance, & enable proofs of many things (identity, funds, insurance, presence to name a few). But web3-to-web2 sales must be the future for companies to scale. In that transition, web3 software & infrastructure companies will shed their language of wallets, blockchains, & tokens for terms most buyers understand : accounts, databases, & credits. Web3 startups will sell software to web2 buyers & in the process become web2 SaaS businesses with unique & defensible architectural advantages & a different capital structure. |
Older messages
How Much More Efficient Should a SaaS Startup Be When Using AI?
Friday, June 2, 2023
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. How Much More Efficient Should a SaaS Startup Be When Using AI?
Observations Using LLMs Every Day for Two Months
Wednesday, May 31, 2023
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Observations Using LLMs Every Day for Two Months I've been
The Publicly Traded Company Worth 250x More in 10 Years
Thursday, May 25, 2023
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. The Publicly Traded Company Worth 250x More in 10 Years Ten
High-Flying SaaS Startups' Surge Won't Change the Valuations in Ventureland
Monday, May 22, 2023
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. High-Flying SaaS Startups' Surge Won't Change the
High-Flying SaaS Startups' Surge Won't Change the Valuation in Ventureland
Monday, May 22, 2023
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. High-Flying SaaS Startups' Surge Won't Change the
You Might Also Like
Let's talk about E-S-G
Friday, September 20, 2024
Plus: The French billionaire upping his tech investments; latest deals View in browser Silo flagship Good morning there, Yesterday at one of London's central schmoozing spots a couple hundred
🗞 What's New: YouTube just launched Hype to help small creators get discovered
Thursday, September 19, 2024
Also: Running newsletter ads!
SaaSHub Weekly - Sep 19
Thursday, September 19, 2024
SaaSHub Weekly - Sep 19 Featured and useful products Schedul Threads logo Schedul Threads Boost your Threads following, reach monetization status fast and automate your Threads content publishing for
95 new Shopify apps for you 🌟
Thursday, September 19, 2024
New Shopify apps hand-picked for you 🙌 Week 37 Sep 9, 2024 - Sep 16, 2024 New Shopify apps hand-picked for you 🙌 What's New at Shopify? 🌱 New granular staff permissions for Gift cards Improvement ⸱
[SaaS Club] How firing customers built a 7-figure SaaS
Thursday, September 19, 2024
The SaaS Club Newsletter Hey Reader Here's a quick round up of what's been going on at SaaS Club: In this week's newsletter: 🎧 Discover how firing customers fueled SaaS growth 📈 Turn
The MrBeast Guide
Thursday, September 19, 2024
Today's newsletter is brought to you by LCA. We help companies build their future. From new products to websites, apps, and AI solutions. We work with businesses doing $10M-$10B in revenue. We
Writing Software for Robots
Thursday, September 19, 2024
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Writing Software for Robots In a few years, most feature flags
KoppieOS, ScrapX, Notch, Magic Inspector, and Entyx
Thursday, September 19, 2024
KoppieOS, where Ai meets Personality. BetaList BetaList Daily Magic Inspector Automate browser testing in natural language KoppieOS KoppieOS, where Ai meets Personality. ScrapX Monitor your competitors
“I’m waiting for the right time”
Thursday, September 19, 2024
Read time: 1 min. 03 sec. "Hey Pat, can I talk to you for a second?" My buddy pulled me aside at a wedding last weekend. I already knew what he wanted to ask... "I really want to do what
Mastering Portfolio Construction
Thursday, September 19, 2024
How to build a strategy that maximizes returns. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏