Earlier quoted context omitted.
I remember seeing somebody summarize this as "SaaS is a pricing model" or "SaaS is financialization" and it totally rings true. Compared to normal software pricing, a subscription gives you predictable recurring revenue and a natural sort of price discrimination (people who use your system more, pay more). It's also a psychological thing: folks got anchored on really low up-front prices for software, so paying $2000…
Correct. SaaS is a business model, not a technical concept. But the real problem is that there is no equivalent business model for selling local first software. Traditional desktop apps were single purchase items. Local first is not because you just navigate to a website in your browser and blammo you get the software. What we need is a way to make money off of local first software.
Obsidian is doing a pretty good job selling sync functionality to their free client. Because the have a really good markdown editor implementation IMHO with community plug-in support that IMHO beats every PKM cloud tool out there that competes with them.