Last week I saw tweet about a CNBC reporter who vibe coded a version of Monday. com, the project management app, tailored to her needs. It took her an hour.
Just to prove the point, I did it too and made a video of the process.
I sat down with Claude on a Friday morning and said: "Build me a project management tool. Kanban boards, task assignments, due dates, drag and drop. Make it work."
Two hours later, I had a working prototype. It is a functioning application with boards, columns, task cards, and assignments. I won’t claim it does everything Monday.com does. For example, it didn’t have an admin panel but with a few hours more work, I think I’d be there.
Monday.com is a $4.88 billion company. Their stock has dropped 63% in the last year. Wall Street is calling it the "SaaSpocalypse." And after building my own version over breakfast, I'm starting to understand why.
The Numbers Are Brutal
On February 4th, software stocks lost $285 billion in value. In a single day. That's not a typo.
Here's what the damage looks like in 2026 so far:
- Monday.com: down 63% from its high
- HubSpot: down 39%
- Atlassian: down 35%
- ServiceNow: down 54% from its peak
- Salesforce: down 26%
- Adobe: market cap went from $350 billion to $107 billion
The total? Adobe, Microsoft, Salesforce, SAP, ServiceNow, and Oracle have shed over $730 billion in combined market cap in the last month alone.
Wall Street finally figured out what you and I have been watching in real time.
What This Means If You Own a Business
I don’t think you should go build Monday.com. In fact, I immediately archived this project and started over. Who wants 2019’s software solution in an AI and agent first world?
Instead I reimagined what a project management system could do. Over the weekend I built a system called OwnerRx PM. Here’s the current version of the system as Claude describes it:
The OwnerRx PM is a process-first system, not a task-first system. Traditional project management tools(Asana, Monday, Trello) start with tasks — someone creates a task, assigns it, and tracks it. This system starts with process templates: repeatable sequences of steps that define how work gets done across the business. When you kick off a "cycle" (an instance of a process template), it automatically generates the right tasks, in the right order, assigned to the right people, with the right deadlines. The process IS the system of record, not the individual tasks.
The second differentiator is cross-workstream triggers. When a step completes in one workstream (say, "Newsletter published"), it can automatically create tasks in other workstreams ("Post LinkedIn excerpt," "Add to cold outreach sequence," "Update marketing metrics"). This encodes the connective tissue between business functions that normally lives in someone's head. And because processes are living documents — team members can propose changes through a Slack-based approval flow — the system gets smarter over time instead of calcifying into outdated checklists.
My next step is to make as many of the process steps executable by Claude Code or an agent we design. Additionally I’m working on a way for Claude and the people at OwnerRx to upgrade the processes and agents as we go.
For example this week I ran into issues with using Claude’s coding features on Windows computers during our AI for Business Owners session. Going forward, we’ll go into the PM system and add steps to help Windows users to get that done before the next session. Those will be captured and deployed for the next Cohort to benefit from.
I also feed the transcript of each session into Claude Code and ask it for suggestions on what we could do better.
Now we have a continuously improving system and a way to minimize the human involvement so we can do even more work helping business owners adopt AI.
The Compounding Effect
Maybe someone else will build a system that does this at some point. But part of me feels like building this system is really the work of the business. I’m defining and improving our processes. What could be more core?
In the future I believe that this will be the work we all do. We work on and maintain the agents that do the actual work. Of course there’ll still be human to human interactions. I’ll still teach the actual cohorts but most other things will be handled by agents.
All the preparation, follow up, and work in the actual session will be handled by agents. Our jobs at OwnerRx will be to maintain them and upgrade them as they and we learn.
What To Do Right Now
The good news is you don't need to become a developer in the traditional sense to do something similar. You just need Claude Code and a bit of background on how to use it.
The other skill will be describing what you want clearly enough for AI to build it. That's a different skill (a managerial skill) and one you probably already have. You describe processes to employees every day. You’ll manage AI’s the same way.
The SaaS companies see the writing on the wall. That's why their stocks are in freefall. The smart play is to be on the right side of that equation.
-Alan
P.S. Our next OwnerRx AI for Business Owners Cohort starts in April.