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business

The (software) economy is bigger than you think - Patio11's Law

secondbreakfast.co/patio1...

submitted about 5 years ago by sethb

The (software) economy is bigger than you think - Patio11's Law

submitted about 5 years ago by sethb

The (software) economy is bigger than you think - Patio11's Law
  • The article discusses how many software companies operate quietly in the background, making significant profits without much public attention.
  • It highlights examples like Royal Cup Coffee and ConvertKit, showing how small teams can generate millions in revenue without needing large warehouses.
  • Overall, the article emphasizes that the software economy is much larger and more diverse than commonly thought, with many successful businesses flying under the radar.
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    sethb OP about 5 years ago
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    The example about the $100 million company that puts chopped vegetables in the grocery store hit home for me. It really makes you think how a lot of companies are making a ton of money making boring things. Like the plastic wrapping around new electronics, that's probably a huge business. The insulation around usb cables, that's probably another big business. Bic[1] makes 2 billion euros/year making basic pens and lighters. It's not glamorous, but it's huge in the grand scheme of things.

    It's a good lesson to keep in mind - not every idea has to be flashy in order to be a good business. Providing value is the key.

    1. https://en.wikipedia.org/wiki/Soci%C3%A9t%C3%A9_Bic

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