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A startup doesn't need to be a unicorn

mattgiustwilliamson.substack.com

361–363 of 363 posts

Re: A startup doesn't need to be a unicorn

#361

Earlier quoted context omitted.

I've got the impression that you knew a little about German corporations, but I have been wrong before, so my apologies. I guess, one can assume that all countries with working institutions (and some without) have at least a simple personal liability corporation, which is easy and cheap to establish, and a basic limited liability corporation, which is a little bit more involved and expensive to establish. I guess, be…

> I've got the impression that you knew a little about German corporations I did, about the GmBH, from other discussions on HN. As I said, now I know more, thanks. > have at least a simple personal liability corporation, which is easy and cheap to establish, and a basic limited liability corporation, which is a little bit more involved and expensive to establish Yes, but in RO where I am the minimum capital for a LLC…

Oh, cool info. Thank you! I'm always surprised how large the differences of cost between EU nations are. We really need better arbitrage ;)

Re: A startup doesn't need to be a unicorn

#362
post #276

Earlier quoted context omitted.

I suppose OP specifically excluded SAP as it was founded more than 40 years ago.

SAP is kinda of a monopoly no ? The software is bloated and complex to use. The UI is dated but everyone still uses it because it is so embedded into the core arteries of businesses.

It's not a monopoly if it is hard to migrate from. SAP doesn't go out of its way to prevent you from migrating out of the HANA database. It's just that by the time you need a software like SAP, whatever you're buying becomes business critical and hard to migrate from regardless. And SAP is good enough to handle all kinds of edge case scenarios reasonably strongly. SAP doesn't even engage in monopolistic practices like what Microsoft or Apple do.

SAP and Salesforce are pretty much in the same bucket imo. The reason there is no Hubspot for SAP is that most smaller companies don't really need an ERP system.

Re: A startup doesn't need to be a unicorn

#363
post #276

Earlier quoted context omitted.

SAP is kinda of a monopoly no ? The software is bloated and complex to use. The UI is dated but everyone still uses it because it is so embedded into the core arteries of businesses.

It's not a monopoly if it is hard to migrate from. SAP doesn't go out of its way to prevent you from migrating out of the HANA database. It's just that by the time you need a software like SAP, whatever you're buying becomes business critical and hard to migrate from regardless. And SAP is good enough to handle all kinds of edge case scenarios reasonably strongly. SAP doesn't even engage in monopolistic practices lik…

true. SAP is more of an entrenched SaaS. Once you have it, the switching costs are too high later on. What an amazing kind of biz. The stickiness is crazy.
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