Webinar
AI Is Eating Software: Is B2B SaaS Dead?
Join Glenn Borok and Ron Levin of Alumni Ventures’ Seed Fund for a sharp, contrarian look at one of the most consequential debates in venture today: as AI rewrites how software gets built, sold, and used, is the B2B SaaS model that has defined a generation of returns actually heading toward extinction — or evolving into something new?
In this session, Glenn Borok and Ron Levin of Alumni Ventures’ Seed Fund will unpack what’s actually happening at the intersection of AI and B2B software — and why the seed stage is the front line of the debate. Glenn and Ron will walk through how AI-native companies are challenging traditional SaaS economics, what the rise of agentic workflows means for software’s pricing, packaging, and moats, and how the smartest early-stage founders are no longer building “AI-enhanced” versions of legacy SaaS — they’re building something fundamentally different.
The conversation will go beyond the headlines to examine where the real venture opportunity is forming. Glenn and Ron will discuss why “AI is eating software” is reshaping seed-stage diligence — including how the team evaluates defensibility when models commoditize quickly, how they think about underwriting AI-native business models, and which categories of B2B software look most vulnerable to disruption versus most likely to be reborn. They’ll also share what the Seed Fund is seeing in real time across pitches, sectors, and early-stage company building today.
Whether you’re a current Seed Fund investor sharpening your view on AI’s impact across the venture stack, or an accredited investor evaluating early-stage venture for the first time, this session will give you a grounded, investor-focused take on a debate that will define which companies generate the next decade of returns. Register to hear directly from the team underwriting these bets every week — and bring your hardest questions for the live Q&A.
Want to access our Seed Syndicate deals to see, evaluate, and optionally invest? No cost, no commitment.
Why Attend?
- HomeDiscover why "AI is eating software" is reshaping seed-stage venture — and which categories of B2B SaaS look most vulnerable versus most likely to be reborn
- HomeUnderstand how the Alumni Ventures Seed Fund team evaluates defensibility, pricing, and moats in an AI-native world
- HomeHear what Glenn, Ron, and the team are seeing in real time across early-stage pitches and where they see the most compelling opportunities forming
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Alumni Ventures is America’s largest venture capital firm for individual investors.
About your presenters
Principal
Glenn Borok is a Principal on the Seed Team at Alumni Ventures, investing in early-stage AI, vertical SaaS, and fintech. Before joining AV, he was a Vice President at Jump Capital, where he sourced and supported investments in application-layer AI and go-to-market technology. Glenn previously worked on product strategy at LinkedIn for Sales Navigator and held roles at In-Q-Tel and Monitor Deloitte.
He is also the founder of inVest Ventures, a LinkedIn alumni micro-fund with nearly 200 LPs and a portfolio of early AI and B2B software startups. Glenn writes about startup strategy and AI on Substack and is a UC Berkeley & MIT graduate.
Overview:
Ron brings a dynamic blend of operational leadership, global business acumen, and values-driven investing to early-stage venture capital. As Managing Partner and Head of the AV Seed Fund at Alumni Ventures, he leads investments in bold, frontier technologies that span sectors and geographies. Ron’s experience ranges from founding and scaling unicorn-status startups to guiding impact-focused portfolios that generate both financial and societal returns.
Before joining Alumni Ventures in 2019, Ron served on the Investment Committee at Yard Ventures, AV’s fund for the Harvard community. His own entrepreneurial journey includes co-founding and leading TravelPerk, an enterprise travel management platform that reached multibillion-dollar valuation and global scale. Prior to that, he launched the B2B division of Booking.com and held strategic roles at McKinsey & Co., US Airways, the Maersk Group, and Lycos.
Ron studied entrepreneurship at Babson College and earned his MBA from Harvard Business School. A frequent speaker at global investor conferences and guest on top VC podcasts, he is also a passionate world traveler—having visited over 140 countries and all 50 U.S. states. He resides near Boston with his wife and three young children, and shares personal reflections and industry insights at ronlevin.substack.com.
Funds Actively Worked On:
- Seed Fund
- Yard Ventures
Investment Areas of Focus:
Ron’s investment strategy is grounded in the belief that moonshot ideas—when coupled with great execution—can generate asymmetric outcomes. He gravitates toward founders solving global-scale problems through advanced technology, with a particular interest in sectors such as:
- Enterprise software
- Fintech and edtech
- Life sciences and healthtech
- Clean energy and sustainability
- Space and advanced computing
He is especially drawn to companies that combine technical rigor with mission-driven ambition—ventures that challenge the status quo and improve lives across the economic spectrum.
His impact-focused philosophy is captured in his book, Higher Purpose Venture Capital, which highlights startups tackling root causes and symptoms of social and wealth inequality. Ron’s notable investments aligned with this “double bottom line” thesis include:
- Aprende Institute, empowering upskilling in underserved communities (edtech)
- Fido, extending digital identity and financial access in emerging markets (fintech)
- HopSkipDrive, transforming student and senior transportation (mobility) Provenance, enabling traceability and transparency in supply chains (cleantech)
- Surge Therapeutics, developing innovative cancer immunotherapies (biotech)
These companies reflect Ron’s broader vision: to support transformational technologies that deliver extraordinary outcomes—for both investors and the world.