What are the valuations of all the discussed startups versus those of the old guard enterprise businesses? What about revenue?
We live by the new style enterprise tools in our firm but I also interact on a daily business with SMEs as well as large multinationals. By and large, outside the software industry, this supposed wave being discussed is not nearly as large or fast as suggested.
I'm not saying it won't eventually grow much larger but I'm also not convinced that IBM, Oracle, SAP et al won't catch on in time to capture significant market share themselves. Further the more I look at mature enterprise firms like Salesforce the more they resemble a traditional big iron firm - only without the hardware sales.
I work in financial software and many of the tools used by large companies are surprisingly archaic. I think there is a lot of opportunity in this space, but change is slow. What I think is going to happen is that non tech startups which heavily use new technology will displace the old.
For instance companies like wealthfront will eventually have an advantage over most financial advisors because the company is built on technology from the ground up. This might take awhile, but I think it is inevitable.
We live by the new style enterprise tools in our firm but I also interact on a daily business with SMEs as well as large multinationals. By and large, outside the software industry, this supposed wave being discussed is not nearly as large or fast as suggested.
I'm not saying it won't eventually grow much larger but I'm also not convinced that IBM, Oracle, SAP et al won't catch on in time to capture significant market share themselves. Further the more I look at mature enterprise firms like Salesforce the more they resemble a traditional big iron firm - only without the hardware sales.