Orlando Bravo

Founder & Managing Partner, Thoma Bravo

Search every verified Orlando Bravo interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Orlando Bravo, founder and managing partner of Thoma Bravo, said in multiple interviews in 2025 and 2026 that the so-called "SaaSpocalypse" is over. He described the term as a "terrible term" and stated that software-as-a-service companies are not static, but continue to evolve with infrastructure and AI. Bravo said that AI represents an "enormous tailwind" for software companies, allowing them to automate parts of human judgment, and noted that around 50% of new revenue at Thoma Bravo's portfolio companies is AI or agentic revenue. He also said that Thoma Bravo has completed about $3 billion in add-on acquisitions of AI companies. Bravo discussed the current lending environment, saying it is "very difficult" for software companies because large asset managers need to raise money from retail investors, but added that Thoma Bravo benefits as a value investor in down markets. He expressed optimism about the power of technology and free markets, while also calling on policymakers to regulate AI in a way that fuels innovation responsibly. On the topic of Puerto Rico, Bravo said he believes it would be better for the territory to become a U.S. state if the U.S. would allow it.