eToys sold physical products with gross margins that are hilariously very different from Cloudflare's. https://a16z.com/2015/05/15/a16z-podcast-why-saas-revenu

eToys sold physical products with gross margins that are hilariously very different from Cloudflare's. https://a16z.com/2015/05/15/a16z-podcast-why-saas-revenue-is-worth-more-than-traditional-software-sales/ https://a16z.com/2015/05/15/a16z-podcast-why-saas-revenue-is...