Simon Tiu · Writing

The rumors are true: AI is eating SaaS — What I learned from a 6-hour hackathon

Senso’s Andy Tran (left) and Vertex’s Simon Tiu meeting with hackathon participants.

Last week, Vertex Ventures US and CreatorsCorner co-hosted a hackathon for enterprise AI agents. First, thanks to everyone who participated: 48 self-organized teams presented their multimodal AI agents to our panel of volunteer judges. The teams competed for over $50,000 worth of prizes from our generous sponsors, including Google, Windsurf, and Cloudflare (which graciously also made its headquarters available for the event).

A thing that happens in software is that someone builds a great product, then that product becomes very valuable, and then other people want to build the same product. This is not a new phenomenon. But what is new is how quickly those other people can now build the same product.

Last weekend I hosted a hackathon where small teams of developers set out to build enterprise AI solutions. The results were, frankly, alarming if you're in the business of selling enterprise SaaS. One team built a working clone of DocuSign. Another team replicated PagerDuty's core functionality. Each took under six hours, start to finish.

For those of us who've lived through multiple tech hype cycles—Web 2.0! Blockchain! Metaverse!—this feels genuinely different. Not in the "this will change everything" way VCs talk about every shiny framework. Different in the "this undermines fundamental assumptions about software economics" way.

Here's what I noticed as organizer and judge:

We're witnessing the collapse of barriers between idea and implementation. Small teams can now build in days what previously took months. This doesn't just accelerate development—it fundamentally changes who can build what.

For established companies, your proprietary software may be easier to replicate than you think. For entrepreneurs, software creation is being democratized at unprecedented scale.

Last weekend left me both exhilarated and humbled. I'm already planning our next hackathon. If you're building in this space or want to sponsor future explorations, reach out. The wave is building—let's ride it together.


Originally published on LinkedIn.

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