Many founders are realizing that the last decade’s model for building SaaS and fintech products just doesn’t work anymore. Stagnant or declining growth, high an

Many founders are realizing that the last decade’s model for building SaaS and fintech products just doesn’t work anymore. Stagnant or declining growth, high and rising CAC, declining LTV… all are symptoms of this breakdown. ..... What’s causing this breakdown? There’s too great a supply of undifferentiated software chasing increasingly picky demand that’s also locked behind a small number of monopolistic platforms extracting ever greater margin to access that demand (search, social, app stores, etc). I'm sorry but that's not what's causing the breakdown. Most fintech products fail because they're solutions looking for a problem. Crypto currency is a perfect example. 'Dark kitchens' work as a business model for the same reason restaurants work as a business model. It solves a problem people are actually having i.e. they're hungry and need something to eat but don't have the time to make it themselves.