With capital markets focused on mega IPOs, like SpaceX, companies with smaller market capitalizations will find it more difficult to get attention in the short term, Thoma Bravo’s co-founder and managing partner, Orlando Bravo, said in an interview with Bloomberg's Dani Burger at the SuperReturn conference in Berlin. The ‘SaaSpocalyse’ is finished, he said, as people are realizing that these companies don’t stay still and that software-as-a-service and agentic AI are going to merge quickly.