The doom loop: Private credit was lent to SaaS vendors under the assumption of stable EBITDA. Now, those marks are impaired because AI has eliminated their pricing power. The buildout isn't the problem. The bet on SaaS stability was. Blue Owl backed the wrong layer of the stack.
Hey Jack, you wrote you weren't expecting a "Salesforce-level app" from vibe coding, but that's pretty much what I've ended up building.
In fact it's better, cuts out all the stuff that frustrated me about Salesforce over the years. It was not a push of a button thing, I've been at it for months, but the end result is really solid.
The biggest challenge with AI coding agents today is that they still struggle to produce true enterprise‑grade, production‑ready code. They’re great at adding features and fixing issues, but if you let them run on autopilot, the codebase quickly becomes difficult to maintain to the point where only the agents themselves can make sense of it. In practice, that means the actual time savings top out around 30% on a good day.
The doom loop: Private credit was lent to SaaS vendors under the assumption of stable EBITDA. Now, those marks are impaired because AI has eliminated their pricing power. The buildout isn't the problem. The bet on SaaS stability was. Blue Owl backed the wrong layer of the stack.
Hey Jack, you wrote you weren't expecting a "Salesforce-level app" from vibe coding, but that's pretty much what I've ended up building.
In fact it's better, cuts out all the stuff that frustrated me about Salesforce over the years. It was not a push of a button thing, I've been at it for months, but the end result is really solid.
Check it out yourself at flowstack.6away.ai
The biggest challenge with AI coding agents today is that they still struggle to produce true enterprise‑grade, production‑ready code. They’re great at adding features and fixing issues, but if you let them run on autopilot, the codebase quickly becomes difficult to maintain to the point where only the agents themselves can make sense of it. In practice, that means the actual time savings top out around 30% on a good day.