Comment by bjacobel
21 hours ago
Selling subscription productivity tools is a business that has existed for decades if not centuries. Just because their product is new does not mean their business is.
21 hours ago
Selling subscription productivity tools is a business that has existed for decades if not centuries. Just because their product is new does not mean their business is.
Oh come on. That's like saying "This isn't novel. People have exchanged money for goods and services for thousands of years"
If that was the business, yes. The first rule of understanding the business is understanding the business model. Not the product. If the business model is a subscription, then you look at the moat. If the moat is not there - you are not that much different from Microsoft Office (which arguably has a larger moat).