Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more. ----------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 00:59 Figma's IPO: Rule of 80, $1.5B in cash, 40% margins 02:48 Adobe Screwed the Deal: Should They Have Just Bought Canva? 14:17 Pay-to-Play Deals: Heroic Hail Mary or Guaranteed Write-Off? 19:01 How Index Is Returning $3.5B on 2 Deals 24:22 Melio’s $2.5B Exit: Insane Growth… So Why Did They Sell?! 33:08 Massive Penthouses and the Death of Focus: AI Founders Beware 40:14 Chime, Anthropic, Menlo & The Art of Selling LPs the Future 43:06 Couchbase Acquired: PE Buyers Are Back… Or Are They? 46:45 Why No One’s Buying These 9-Figure SaaS Zombies 52:02 If Yo...