No moat? In the software industry?

My decades of experience suggests that the opposite will happen. People will realize that the software industry is 100% moat and 0% castle.

People will build great software that nobody will use while a few companies will continue to dominate with vaporware.

▲ andsoitis 4 hours ago | parent | next [-]

> few companies will continue to dominate with vaporware.

that makes no sense. "Dominate" implies people use or buy you software. If you produce nothing ("vaporware") how can you dominate?

▲ mikert89 4 hours ago | parent | prev [-]

Yes, the moat is disappearing. Go look at any stock index of publicly traded saas companies, they have all been selling off 50% in the last six months. This is going to be a bloodbath

	▲	kubb 4 hours ago \| parent \| next [-]
		OTOH there’s no reason not to hire a small in house dev team to make bespoke software for any company. Except for the token cost maybe.
	▲	usefulcat 3 hours ago \| parent \| prev \| next [-]
		Some are down over the previous 6 months, but not by 50%. At least among the largest. `Company: 6 month change: ============================ Palantir: +20% Salesforce: -9% Shopify: +40% Intuit: -26% ServiceNow: -30% Adobe: -17% CrowdStrike: -1.5% Snowflake: -3% Cloudflare: 0% Autodesk: -9%` Above companies are the 10 largest from this list: https://www.mikesonders.com/largest-saas-companies/
	▲	anonu 4 hours ago \| parent \| prev [-]
		Thats just not true. $CRM is at worst flat looking back 1 year. $IGV, software ETF is the same. Definitely not down 50%.