@mijustin it doesn't apply because they're not a saas investing only in growth, they are *truly* dominating multiple markets
@asmartbear was just re-reading your blog post here: http://blog.asmartbear.com/unprofitable-saas-business-model.html …
What are your thoughts on how this might apply to Amazon?
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@asmartbear so if you’ve got the muscle too dominate multiple markets, that approach works. ;) - Show replies
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@mijustin I know the counterpoint is "maybe they can never be profitable" but Walmart proves that's not true in even brick/mortar retailThanks. Twitter will use this to make your timeline better. UndoUndo
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@mijustin I dislike companies with no new ideas investing only in growth of the existing business. AMazon invests in things like AWS ... -
@asmartbear@mijustin@pmarca has great tweetstorm on this somewhere: some biz lines are v/ profitable, reinvested into new lines to net out
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@mijustin ... Which is the business fastest-to-$1b-revenue in the history of the world, so that's true innovation and value.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@mijustin not all their ventures will of course but that's still investing in innovationThanks. Twitter will use this to make your timeline better. UndoUndo
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