They've become the defacto document signing platform with wide acceptance across industries and are treated as legally binding in many jurisdictions. They've essentially become the Google of document signing.
Ask HN: Why is Docusign a $50B company?
341–348 of 348 posts
Re: Ask HN: Why is Docusign a $50B company?
#342You might have been on to something. Today it's a $30B company.
Re: Ask HN: Why is Docusign a $50B company?
#343Unrelated to open source, but DocuSign is literally one of the examples i list when explaining why the tech sector is over bought. They've tripled their market cap since the beginning of the pandemic, and while there is some merit to work from home, their moat is laughable. There are plenty of alternatives to DocuSign that should make share holders terrified... Adobe Sign, Panda Docs, HelloSign - i wouldn't even bet…
This is a good reminder that HN is a horrible place for investment advice. Rarely, very very rarely, does the tech being differentiated ever matter. At Docusign’s level, it’s much more about sales and marketing. They’ve been the market leader for years, and even if they slip to 2nd or 3rd place, they’re still a massive multibillion dollar company. I think engineers and technical people often have a hard time truly gr…
Circling back on this - "DocuSign shares plunge nearly 40% after the company gave weak guidance". Just saying...
Re: Ask HN: Why is Docusign a $50B company?
#344Well this post certainly aged well.
Context for future readers: the stock price for Docusign fell 40% in one day the week after OP asked this question.
Re: Ask HN: Why is Docusign a $50B company?
#345Earlier quoted context omitted.
This is a good reminder that HN is a horrible place for investment advice. Rarely, very very rarely, does the tech being differentiated ever matter. At Docusign’s level, it’s much more about sales and marketing. They’ve been the market leader for years, and even if they slip to 2nd or 3rd place, they’re still a massive multibillion dollar company. I think engineers and technical people often have a hard time truly gr…
Circling back on this - "DocuSign shares plunge nearly 40% after the company gave weak guidance". Just saying...
yes! I was thinking of this thread reading the news today... what a coincidence
Re: Ask HN: Why is Docusign a $50B company?
#346Well...
Re: Ask HN: Why is Docusign a $50B company?
#347Maybe you initiated Docusign’s downfall
Re: Ask HN: Why is Docusign a $50B company?
#348It's a service every company needs and most aren't willing to build. This is in large part because most companies don't have the security expertise to handle sensitive data so it makes tons of sense to outsource. Even the companies that do have that expertise may not want to invest their resources outside their core business. The important thing to consider is how much would it cost you to build/deploy a solution to…
Also the legal headaches when a counterparty claims that you forged the signature, or manipulated the contract?
There's different levels of e-signatures, for various circumstances.
The most sophisticated includes having an agent video chat with you and verify your identity when signing. If that won't hold up, then you'll probably have problems with an in person wet signature too.