THERE ARE ONLY TWO PATHS LEFT FOR SOFTWARE

Summary from the TLDR newsletter

Public markets are saying that software is not as valuable as it used to be. CEOs need to either accelerate revenue growth by 10+ percentage points, year over year, through genuinely new AI-native products over the course of the next 12-18 months, or rebuild their companies to 40%+ true operating margins, including stock-based compensation. By the end of next year, everything between those paths of high growth and high profits will look like no-man's land. CEOs today need clear initiatives to drive toward one of these outcomes.