Talking Tech – Episode 36
George and Ian consider the Saint Valentine’s day tech massacre.
In face of the carnage, we take a step back and remember that writing software is only part of the story. You need to plan, develop, test, sell and maintain. AI is untested in customer support for AI and much else besides.
We have flashbacks to when Open Source became a thing and look to the SaaS transition and lessons learned and not learned.
There is value amongst these hard-hit tech software stocks, but survival and growth in the face of AI is more than about having embedded products. It’s also about the company structure and culture, and scarily for UK investors, its code base too.
We consider the realignment of earnings multiples. After over a decade of analysts and investors assuming SaaS revenues go on forever, it’s now increasingly obvious that many software companies can and will die, and it might be messy.
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