This is a real thing in the world, and almost everyone underestimates how much of a thing it is.https://twitter.com/Austen/status/1260212525171277826 …
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One of the interactions between those three factors is that some engineers at these companies feel like they have a secure 9 to 5 with locally great pay at a company that operates “like a family”... ... but the family won’t own the business for forever, which may be a surprise.
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As someone who has worked exclusively in this 'creamy middle' of software companies, I'd be interested to hear more of your thoughts on #2
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Mind if I make some broad generalizations? Most software people should work for software companies (or other companies where software clearly drives the business and is seen as doing so). These are real software companies in a way that e.g. an insurance company is probably not.
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What do you reckon is the average time a "could get a job as a SW engineer" person takes to go from start, to "provides the same revenue as a SW job", to "millions in profit"?
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Assuming one is an intermediate software engineer (would not recommend this to junior engineers even though they may be trivially hireable as a junior engineer), I’d say probably 18 months to white collar salary, 5ish years to
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Something about 99% gross margin and zero CAPEX makes investors interested
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And recurring revenue
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PE will usually destroy them or make them a place you don't want to work. They don't operate anything like Constellation does.
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In most cases, if they are profitable at that scale without investors, taking venture capital would be a good way to drive the company into the ground and ruin a good thing.
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Founding one is easy. Finding the business to get to $10m is…harder.
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