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This is the true value of any software-based business, not the code.
by billy99k 1y ago
This is the true value of any software-based business, not the code.
- disgruntledphd2 1y agoYup. Always worth looking at goodwill on accounting statements post these acquisitions and thinking about how that is often the actual value of a software/tech business.
- reaperducer 1y agoThis is the true value of any software-based business, not the code. A pithy statement that is like candy to VC ears, but falls down if you think about it even a little. Nobody is going to buy Adobe for its client list.
- jplrssn 1y agoMaybe not for the client list, but possibly for the team. How much would the code of say Photoshop be worth if the entire Photoshop team were to leave and set up a competing business?
- CaveTech 1y agoMore than the team with no product. There's a huge difference between large entrenched businesses and early-stage startups. Turnover in large corporations is huge, the team has turned over multiple times already, they can do so again. An early stage company that barely has any code? Yes, in that case, it's the team that matters because they haven't fulfilled the vision yet.