But that’s not what VCs are doing. They’re not buying software that saves time. They’re betting on a teams ability to extract rent from a market through monopolistic practices like vendor lock-in. The most profitable software companies like Microsoft don’t make the most time saving software, in fact most of Microsoft’s offerings are garbage (ahem Teams) compared to alternatives. But Microsoft makes the most money due to marketing and distribution not because they make “time saving” software.
But that’s not what VCs are doing. They’re not buying software that saves time. They’re betting on a teams ability to extract rent from a market through monopolistic practices like vendor lock-in. The most profitable software companies like Microsoft don’t make the most time saving software, in fact most of Microsoft’s offerings are garbage (ahem Teams) compared to alternatives. But Microsoft makes the most money due to marketing and distribution not because they make “time saving” software.