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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In software, I’d argue it’s better to be near your customer.
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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We will see. I’m doubtful. America is really good at intellectual property businesses.
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Haha, I won't argue with you on that one.
End of conversation
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They do, at least initially. But the friction and underdelivery frequently prompt a switch back after management changes. I've seen this cycle a couple times now in the same company from the outside so far.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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