No qualifying author-owned investment thesis was confirmed in this post.
The author is asking questions about strategy rather than expressing a definitive investment judgment or thesis on the assets.
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I honestly believe that the people saying apps are dead and to buy platforms and hardware, all the way to Cathie Wood, have never actually managed complex corporate workflows before. Even B2B software that looks as simple as DocuSign has a lot of complexity, refinement and trust underneath. Just because technology might make preparing food easier doesn't mean I want to make my own meals or that I'd be better at it. In the same way, for large scale and mission critical software, I'd rather pay to have someone build, update and maintain it properly.
I honestly think this central thesis has to be correct, even if there are nuances such as AI obviously affecting headcount and how we work, and disrupting pure per seat pricing models.
Do people have updated thoughts on this, with more price drops and more AI model releases?
Is the IGV ETF the cleanest way of expressing this view, or is it far better to selectively buy single names, such as beat down, high retention names like NOW (ServiceNow)? How are people executing this one?