Cash Rules Everything Around Companies
The sectors that seem most entrenched with incumbents and have seen limited innovation in the last few years is in payroll and accounting/GL. Note, GL was where new entrants attempted to first innovate but Quickbooks was deemed too strong in the longtail of the market.
Anna Khan • Moving FaaSt—The Finance-as-a-Service TechScape
Corporate entities in the United States and other countries have developed remarkably complex structures of ownership, subsidiaries, and board governance—sometimes for tax reasons, sometimes for operational reasons, and sometimes apparently because they’ve grown through accretion.
Joel Gurin • Open Data Now: The Secret to Hot Startups, Smart Investing, Savvy Marketing, and Fast Innovation (Business Books)
I wrote about the rise of intangibles and the declining relevance of today's accounting statements.
• Intangibles represent ~84% (and growing) of S&P value
• Accounting for them is based on a 40 yr-old standard which results in understated earnings
https://t.co/TGjuz3VmUm
Tanay Jaipuriax.com