Analysis

The CPAG Blog

Clinical insights on founder physics, institutional discipline, and the path from seed to exit.

April 20, 2026

Benioff Is Half Right. That's the Dangerous Half.

Salesforce's CEO argues data depth makes seat-based SaaS irreplaceable. He's identified the right moat. He's defending the wrong castle.

April 13, 2026

From Signal to Resolution: The Architectural Opportunity DEX Opened

The DEX market proved enterprises will pay to know about problems faster. Here is the architectural layer that turns that proof of market into a defensible moat.

April 10, 2026

The RaaS Transition Is Not a Repricing. Five Questions Every SaaS CEO Must Answer Before Starting.

Outcome-based pricing sounds straightforward. The operational reality is not. Five diagnostic questions every SaaS CEO must answer before starting the RaaS transition.

March 30, 2026

The Thoma Bravo Blind Spot: Why "Mission Critical" Won't Save Seat-Based Revenue

Thoma Bravo claims mission-critical SaaS is safe from AI. They are wrong. Without RaaS pricing, even the most "protected" software faces a margin collapse.

March 10, 2026

The Liquidation of SaaS Logic: Why Resolution as a Service (RaaS) is the Only Path Forward

As the cost of AI logic hits zero, seat-based SaaS is dying. Learn how Resolution as a Service (RaaS) decouples revenue from headcount to save your margins.