> [...] but does it also define a $100 million dollar software business? It depends on the type of software business. Technically, a lifestyle business is jus

> [...] but does it also define a $100 million dollar software business? It depends on the type of software business. Technically, a lifestyle business is just one that is not expected to ever go through a high growth phase. So a $100M SaaS is probably not a lifestyle business (high growth is at least potentially possible, unless the TAM is too small), but a $100M enterprise software VAR probably is a lifestyle business.