Are Software Companies Good Businesses?
Tom Tunguz
APRIL 21, 2024
Software companies top the charts at 3% over the last 20 years, according to data from New Constructs , a financial research firm. For a period from December 9, 2009, to approximately March of 2016, technology companies produced nearly 5% free cash flow yields on average. That’s my mental model for it, anyway.
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