Jason Moser

May we all have second acts like this.

Yeah.

It's funny.

If you really want to squint, Jason, so maybe gross margins looking out aren't as good as they were.

But again, if that is the SaaSpocalypse, I think we can ride that storm.

It's funny, guys.

I spoke to a CEO this week at a decent-sized company, and I was asked about this.

They said, flat out, nothing has changed in their software

purchasing habits due to AI.

They hope it will.

They're reading these headlines, too, and they'd love to save money, but for now, nothing has happened.

I get the thesis here, and I don't think I want to be dismissive of the thesis, but I do think that instead of just throwing it all out each quarter,

I do think we should wait to see real concrete evidence, which I think is what Jason is saying.

I will say, if I'm going to pick a bone with this quarter, and maybe guys just don't know the business this well, but I kind of feel like, is the Middle East the new weather?

Because they did blame what's going on in the Middle East for part of the DAFA.

I think maybe they took a punt with that just a bit, and we probably ought to, like, I don't know,

find them in Kangaroo Court for that.

But overall, if this is the onslaught, I think a lot of these companies can survive that.

So full disclosure, I bought this one earlier this year.

And so I guess I have to say value.