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← Companies that cannot produce software-level gross margins should be…
17 connected korrents · 16 moments from 29 May 2019 to 25 Aug 2026.
Everything filed under SaaS
SaaS
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investing
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management
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market efficiency
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startups
Everything filed under software quality
software quality Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Companies that cannot produce software-level gross margins should be valued like other similar businesses with similar margins. Companies that cannot produce software-level gross margins should be valued like other similar businesses with similar margins. Last stated 7 years ago
29 Sept 2019
FW
Fred Wilson — holds since 2019-09-29 — tap for who they are
Same subject: The narrative that all companies should be valued as software companies due to the concept of software eating the world is falling apart. — tap to centre the map on it The narrative that all companies should be valued as software companies due to the concept of software eating the world is falling apart. Last stated 7 years ago
29 Sept 2019
FW
Fred Wilson — holds since 2019-09-29 — tap for who they are
Same subject: A company's culture is largely shaped by its profit margins. — tap to centre the map on it A company's culture is largely shaped by its profit margins. Last stated a year ago
11 Jun 2025
JF
Jacob Falkovich — holds since 2025-06-11 — tap for who they are
Same subject: A business should keep cushy margins, some blubber, so it can make mistakes without them mattering much. — tap to centre the map on it A business should keep cushy margins, some blubber, so it can make mistakes without them mattering much. Last stated 9 months ago
15 Feb 2026
JF
Jason Fried — holds since 2026-02-15 — tap for who they are
Same subject: An enterprise demo should show the 20 percent of the product that carries 80 percent of the value, not everything. — tap to centre the map on it An enterprise demo should show the 20 percent of the product that carries 80 percent of the value, not everything. Last stated 2 months ago
23 Aug 2026
JA
Jen Abel — holds since 2026-08-23 — tap for who they are
Same subject: No software company reaches real scale with net revenue retention below one hundred percent, because cancellation simply wins. — tap to centre the map on it No software company reaches real scale with net revenue retention below one hundred percent, because cancellation simply wins. Last stated 9 months ago
25 Jan 2026
JC
Jason Cohen — holds since 2026-01-25 — tap for who they are
Same subject: Most of the price gap between o1 and R1 is margin rather than efficiency: OpenAI's inference gross margins are north of 75% because nobody else could serve the capability. — tap to centre the map on it Most of the price gap between o1 and R1 is margin rather than efficiency: OpenAI's inference gross margins are north of 75% because nobody else could serve the capability. Last stated 2 years ago
3 Feb 2025
DP
Dylan Patel — holds since 2025-02-03 — tap for who they are
Same subject: Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic. — tap to centre the map on it Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic. Last stated 2 years ago
1 Oct 2024
TG
Tren Griffin — holds since 2024-10-01 — tap for who they are
Same subject: The usual trade-off between quality and cost does not apply to software: high internal quality is the cheaper way to produce it. — tap to centre the map on it The usual trade-off between quality and cost does not apply to software: high internal quality is the cheaper way to produce it. Last stated 7 years ago
29 May 2019
MF
Martin Fowler — holds since 2019-05-29 — tap for who they are
Same subject: SaaS stocks are a buy right now. — tap to centre the map on it SaaS stocks are a buy right now. Last stated 5 months ago
24 May 2026
DS
Dan Shipper — holds since 2026-05-24 — tap for who they are
Same subject: A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. — tap to centre the map on it A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. Last stated 11 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: "Too expensive" is never the real reason a customer cancels, because they already decided the price was acceptable when they bought. — tap to centre the map on it "Too expensive" is never the real reason a customer cancels, because they already decided the price was acceptable when they bought. Last stated 9 months ago
25 Jan 2026
JC
Jason Cohen — holds since 2026-01-25 — tap for who they are
Same subject: A $100,000 enterprise deal needs an executive sponsor to sign off and allocate the budget. — tap to centre the map on it A $100,000 enterprise deal needs an executive sponsor to sign off and allocate the budget. Last stated 2 months ago
23 Aug 2026
JA
Jen Abel — holds since 2026-08-23 — tap for who they are
Same subject: A best-in-class product should be priced at the point where customers say it is starting to get expensive, not at the point where they would call it a bargain. — tap to centre the map on it A best-in-class product should be priced at the point where customers say it is starting to get expensive, not at the point where they would call it a bargain. Last stated 2 years ago
23 Mar 2025
RV
Rahul Vohra — holds since 2025-03-23 — tap for who they are
Same subject: Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. — tap to centre the map on it Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: An investor's starting point should be the portfolio that is best to hold independent of any tactical market view — tap to centre the map on it An investor's starting point should be the portfolio that is best to hold independent of any tactical market view Last stated 2 months ago
25 Aug 2026
RD
Ray Dalio — holds since 2026-02-19 — tap for who they are
NM
Nick Maggiulli — holds since 2026-08-25 — tap for who they are
Same subject: At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. — tap to centre the map on it At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
At the centre
Companies that cannot produce software-level gross margins should be valued like other similar businesses with similar margins.
Holds Read this korrent →
The narrative that all companies should be valued as software companies due to the concept of software eating the world is falling apart.
Holds
A company's culture is largely shaped by its profit margins.
Holds
A business should keep cushy margins, some blubber, so it can make mistakes without them mattering much.
Holds
An enterprise demo should show the 20 percent of the product that carries 80 percent of the value, not everything.
Holds
No software company reaches real scale with net revenue retention below one hundred percent, because cancellation simply wins.
Holds
Most of the price gap between o1 and R1 is margin rather than efficiency: OpenAI's inference gross margins are north of 75% because nobody else could serve the capability.
Holds
Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic.
Holds
The usual trade-off between quality and cost does not apply to software: high internal quality is the cheaper way to produce it.
Holds
SaaS stocks are a buy right now.
Holds
A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
"Too expensive" is never the real reason a customer cancels, because they already decided the price was acceptable when they bought.
Holds
A $100,000 enterprise deal needs an executive sponsor to sign off and allocate the budget.
Holds
A best-in-class product should be priced at the point where customers say it is starting to get expensive, not at the point where they would call it a bargain.
Holds
Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund.
Holds
An investor's starting point should be the portfolio that is best to hold independent of any tactical market view
Holds
At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk.
Holds