The vast majority (north of 85%) of software companies never break 5mm in annual revenue. Many never get past 1mm nor break a profit. One reason: software competes globally across the Internet, where local businesses have limited competition. (Stats from an internal dB.)
True/False, US domestic software companies will have a tough time when the cheap foreigners crack US sales.
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Hmm... will they? Software is also already leveraging the benefits of being overseas by hiring cheaper talent there.
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IMHO yes, they will. If e-commerce is an analog, Chinese in China are hurting US with manufacturing in China. Don't see it wouldn't be similar in software.
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