The Past, Present, and Future of SaaS and Software

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[00:02:29] – (First question) – His take on public markets, specifically as it relates to SaaS businesses

[00:04:04] – Why these companies trade so high

[00:07:53] – Peter Zeihan podcast episode

[00:11:19] – The competitive frontier in the digital markets 

[00:14:02] – The API competitive frontier

[00:14:22] – Chetan Puttagunta podcast episode 

[00:18:36] – Every Company is Becoming a Software Company

[00:20:10] – John Collison podcast episode

[00:22:54] – Charging in an API business model

[00:24:09] – Describing the different generations of SaaS, starting with Gen 1 

[00:28:15] – Gen 2 SaaS businesses

[00:31:52] – Being an investor in SaaS

[00:36:55] – Gen 3 and importance of traditional SaaS companies to get into API

[00:38:06] – Other problems software can solve

[00:44:19] – Why more money isn’t going into SaaS

[00:46:48] – Lessons from the investment universe and how it could apply to SaaS

[00:47:26] – The Hierarchy of Marketplaces — Introduction and Level 1

[00:51:49] – Lessons about scaling

[00:57:51] – Cross customer strategy

[01:00:01] – Energy and Civilization: A History

[01:01:28] – Qualities of an interesting investor

[01:03:52] – Kindest thing anyone has done for him