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SaaS companies deliver software applications over the internet on a subscription basis, simplifying access and management for users. While they operate under different businessmodels, ISVs and SaaS share similarities in softwaredevelopment, cross-platform accessibility, and industry reach.
So it isn’t just one software algorithm, it’s not a patentable thing, it is the entirety that makes the value for the customer. Is it software? If you are One Medical, what is the businessmodel? How can it be a subscription business when it’s healthcare? Is it delivery? All of those.
Before I joined the venture capital industry many years ago, I was a softwaredeveloper, and I worked for a startup around the 2000 time period. Many of these are names that you know, and this is actually the largest we’ve seen in history. I think it’s a really staggering stat.
Aaron Levie: I think what’s happening is, is companies are realizing that the really big sort of flip the businessmodel on its head project and we’re going to go and do a distributed ledger technology and all this, that’s going to have to get punted because we’re in core survival mode right now.
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