SaaS Stocks Plunge Amid 'SaaSpocalypse'

Veteran investor sees opportunity in the destruction of the SaaS sector

Published on Mar. 2, 2026

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The SaaS (Software-as-a-Service) sector has seen a significant downturn, with the IGV ETF falling roughly 30% since its peak in September 2025. This 'SaaSpocalypse' has left many investors wondering if there are any opportunities amid the destruction.

Why it matters

The SaaS sector has been a darling of the tech industry in recent years, with many companies achieving high valuations. However, the current downturn has raised questions about the sustainability of these business models and the long-term prospects of the industry.

The details

According to the article, the author has over 25 years of experience in the investing world, including roles in private banking, investment management, and venture capital. The author, who is a partner at RIA Advisors in Houston, Texas, believes that the current market conditions present opportunities for savvy investors despite the widespread selloff in SaaS stocks.

  • The IGV ETF, which tracks the SaaS sector, peaked on September 19, 2025.
  • Since the peak, the IGV ETF has fallen roughly 30%.

The players

Lance Roberts

A partner at RIA Advisors in Houston, Texas, with over 25 years of experience in the investing world, including roles in private banking, investment management, and venture capital.

RIA Advisors

A Houston-based investment firm where Lance Roberts is a partner.

IGV ETF

An exchange-traded fund that tracks the SaaS sector.

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What they’re saying

“After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; I have pretty much "been there and done that" at one point or another.”

— Lance Roberts, Partner, RIA Advisors (Seeking Alpha)

The takeaway

The current downturn in the SaaS sector presents opportunities for experienced investors who can navigate the market conditions and identify undervalued companies with strong fundamentals. However, the long-term sustainability of the SaaS business model remains a concern, and investors will need to carefully evaluate the risks and potential rewards of this sector.