Software is the new Hardware
Instead, it’s becoming obvious that the “software” businesses of the future will be more like compound companies that combine software with operational excellence, services, and/or real world physical businesses. And software might be the least interesting part of that to work on!
The median bootstrapped B2B SaaS company currently spends around 90% of its annual recurring revenue on costs—25% on go-to-market strategy and execution, 24% on research and development, 15% on administrative and miscellaneous expenses, 13% on website hosting and implementation, and 10% on customer retention. Each of these categories of cost is now... See more
Will Manidis • Asset-light Software Businesses: The New Paradigm for Startups
My first job as a teenager was a dishwasher in a local coffee shop, earning $6 per hour. With my first paycheck, I bought a portable CD player & a pair of yellow Sony Sport headphones to listen to music. I asked the manager for a better scrubber, different soap, & a three-part sink for rinsing, scrubbing, & rinsing again. Then I fell into a groove ... See more
Tomasz Tunguzx.com