Software Business 🆕

: Mike McDerment was a designer using Word and Excel for invoices; he built a simpler accounting tool because existing software was too complex.

: Bill Gates and Paul Allen envisioned a "computer on every desk," realizing early that hardware is useless without the right software layers. software business

: Well-run software companies are among the most profitable in the world, often growing at 8–11% annually—far outstripping the broader economy. 3. The Lifecycle: From Code to Market : Mike McDerment was a designer using Word

: Historically, software was "buy once, use forever" on floppy disks. Today, most businesses use Software-as-a-Service (SaaS) models, providing recurring revenue and constant updates. : One founder built a B2B product after

: One founder built a B2B product after seeing $15,000-per-seat software in their industry that was poorly made, realizing they could do it better on the side. 2. The Model: Why Software is Different