I actively sympathize with the direction of focusing only on B2B.

[A typical black developer, buying 500 startups to make 100 trillion won: Robert F. Smith] ... I actively sympathize with the direction of focusing only on B2B.
The software industry's characteristics, which cost little extra once created, and the method of maximizing profits by focusing only on B2B have consistently produced really good results.

There is so much to learn from this business case.

🤴 CEO of Vista Equity Partners. Formerly a developer. Studying finance. B2B software companies I know well have bought more than 500 companies. The company has more than 100 trillion operating assets. Average annual return of 30%.

🎓 Cornell University --> Starts career as developer --> Starts internship at Bell Labs --> Semiconductor-related development --> Tires company, moves to food company, hardware developer career --> Columbia MBA, studies finance and marketing and moves to Goldman Sachs --> M&A for B2B software and data-related business companies in Silicon Valley

🏢 Established Vista in 2000, a company that only invests heavily in B2B software companies.

💵 B2B software companies = Cash machines with no stock that give you steady money. B2B software companies focused on purchasing because of low customer churn rates and predictable cash flow tables

🔍 80 percent of software companies do the same thing, albeit in different fields. "Software companies taste like chicken. They sell different products (which means they can be standardized like chicken), but 80 percent of what they do is almost the same."

🛠 Standardize ️ management guidelines and dispatch in-house employees to improve management constitution. Simply holding it will yield a return of around 20% when sold, but "exemplary improvement" can raise the return to 50%

🚨 1. Recommend the best development of "product" ➡ ️ 2. Promote learning by periodically gathering CEOs of acquired companies ➡ ️ 3. Promote the change of location of office buildings to reduce costs ➡ ️ 4. Standard operation procedures are provided to standardize the management of affiliates

💼 "The way to become rich today is to harness the vast amount of computing power to come up with great ideas. That's how software improves our lives and provides immediate service."