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.)
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I guess I’m questioning if it’s a fair analog. Software selling and buying is very different than physical widgets on Amazon.
I'm not out of my area of competence totally here. You know more but, it feels pretty analogous to me. Helps to be near your manufacturing OR software development team.
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In software, I’d argue it’s better to be near your customer.
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That's an interesting question. For software development is it better to see your customer or your employees. Need both. Customer probably more important. I do think Indians and Chinese will figure this out and undercut American firms on price. Haven't seen it yet though.
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Now that I think about it, we've effectively sold software solutions to people in UK, New Zealand, and (!) Japan. Japan was hard, but we figured it out.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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