Sebastian Siemiatkowski is the co-founder and CEO of Klarna, the global digital bank with over 114 million global active users and 3.4 million transactions per day. Seb is one of the lead"> Sebastian Siemiatkowski is the co-founder and CEO of Klarna, the global digital bank with over 114 million global active users and 3.4 million transactions per day. Seb is one of the lead"> Sebastian Siemiatkowski is the co-founder and CEO of Klarna, the global digital bank with over 114 million global active users and 3.4 million transactions per day. Seb is one of the lead">
The Twenty Minute VC
The Twenty Minute VC

20VC: SaaS is Dead: Why Systems of Record Will Die in an Agentic World | What Revenue Multiple Will Software Companies Trade At? | From 7,000 to 3,000: We Need Less People Than Ever with Sebastian Siemiatkowski

Feb 16, 2026 · 1h 27m

<p dir="ltr">Sebastian Siemiatkowski is the co-founder and CEO of Klarna, the global digital bank with over 114 million global active users and 3.4 million transactions per day. Seb is one of the leading public company CEOs pushing the boundaries of AI. </p> <p dir="ltr">AGENDA:</p> <p dir="ltr">04:50 — The Real Threat to SaaS is The Switching Cost Coming Down</p> <p dir="ltr">05:57 — What revenue multiple will software companies trade at in the future?</p> <p dir="ltr">14:12 — Why you need to build …

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