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Companies that cannot produce software-level gross margins should be valued like other similar businesses with similar margins.
Drawn from what Fred Wilson said
What Fred Wilson actually said
- Fred Wilson Co-founder and partner at Union Square Ventures in New York
If the product is software and thus can produce software gross margins (75% or greater), then it should be valued as a software company. If the product is something else and cannot produce software gross margins then it needs to be valued like other similar businesses with similar margins, but maybe at some premium to recognize the leverage it can get through software.
Where this was said
↗The Great Public Market Reckoningavc.com
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Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us
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