Sep 02 Okta’s Execution Mess Okta, the cloud identity provider, reported earnings this week and while the results were very strong on the surface, the Sep 2, 2022 8 min read
Aug 29 Salesforce’s Best Acquisition Yet: Itself Salesforce is the granddaddy of cloud stocks. It was the first sizeable SaaS company to go public, in 2004, and Aug 29, 2022 8 min read
Aug 24 Stripe vs. Adyen: Collision Course Adyen reported earnings last week and the company showed its usual strong growth with processed volumes up 60 percent year-over-year Aug 24, 2022 9 min read
Aug 12 Twilio’s Margin Target: How Achievable is It? Twilio reported Q2 earnings on August 5th and despite delivering on its promise of organic growth of at least 30 Aug 12, 2022 7 min read
Aug 10 Square’s Margins, Square vs. Shopify Square, now called Block, reported Q2 earnings last week. The company delivered solid growth, with net revenues excluding bitcoin and Aug 10, 2022 8 min read
Aug 09 Ping and SailPoint: A Look at Thoma Bravo’s Identity Rollup Thoma Bravo is a private equity company with ~$100 billion in AUM and a strong track record investing in software Aug 9, 2022 13 min read
Aug 03 Tesla and Shopify: Integration, Modularity, and Value Capture This is a follow-up on my recent posts on Shopify and Tesla. It occurred to me that there’s an Aug 3, 2022 6 min read
Aug 02 Shopify: A Rake Not Far Enough Bill Gurley, a venture capitalist, once wrote a post called A Rake Too Far: Optimal Platform Pricing Strategy. “Rake” is Aug 2, 2022 13 min read
Jul 27 Chasing Tesla: There is No Catalog In chapter five of their book The Innovator’s Solution, Clayton Christensen and Michael Raynor wrote that managers must ask, Jul 27, 2022 13 min read
Jul 22 Netflix’s Advertising Ambitions Consumers are feeling the pain of inflation. Yesterday, AT&T reported that its wireless customers are having trouble paying their Jul 22, 2022 6 min read