‘Absolutely not’: Hubspot CEO Yamini Rangan unfazed by SaaSpocalypse fears
Yamini Rangan has watched 40% of her company’s market value evaporate since January. She thinks the market has the story wrong.
SaaS has never been in the business of selling code, Hubspot chief executive Yamini Rangan argues. It sells domain expertise, integration and the thankless work of keeping it all running — the parts of software that vibe coding has barely touched.
The selloff gripping her sector, she says, rests on a category error: confusing what software companies make with what they sell.
“I think it is a dire perspective that just because coding got easier, the value that SaaS companies deliver has just disappeared,” Rangan told Capital Brief at the customer relations platform’s annual Grow conference. “My opinion is that it’s absolutely not the case.”
Listed on the NYSE with a current market capitalisation of USD12.1 billion ($16.9 billion), HubSpot has been one of the many victims of the SaaSpocalypse, its share price down 40% since January 2026.
