Can you speak more to the part about midmarket/workflow companies/tools in the last paragraph?
The best counterexample I can think of is ServiceNow - which is doing really well despite being a workflow tool (even saw you recommend them the other day on Twitter)
Hey Buck, great write up. I also think SaaS earnings are going to be disappointing and be quite choppy. I don't invest thematically, but generally think best-of-breed and high research intensity type firms will do better in aggregate. Wondering what you think about certain verticals like CX where firms seem to be moving towards consumption models.
Can you speak more to the part about midmarket/workflow companies/tools in the last paragraph?
The best counterexample I can think of is ServiceNow - which is doing really well despite being a workflow tool (even saw you recommend them the other day on Twitter)
Pretty sure workflow here is referring to the litany of Airtable/Asana/Coda/Monday/Smartsheet/etc. Most of these do not need to exist.
Yep - realized after I commented - Arda Capital’s “Ellison’s Gospel” went a lot deeper into this and helped frame it a bit better.
Why do you consider mid market to be zombies?
thoughts of Veeva here buck?
Hey Buck, great write up. I also think SaaS earnings are going to be disappointing and be quite choppy. I don't invest thematically, but generally think best-of-breed and high research intensity type firms will do better in aggregate. Wondering what you think about certain verticals like CX where firms seem to be moving towards consumption models.
Glad to have you back.