THE ONLY PATH LEFT IN SOFTWARE: ACCELERATE OR DIE

Summary from the TLDR Founders newsletter

Software companies have three paths right now: accelerate revenue 10%+ YoY through AI-native products, get stuck in the messy middle, or rebuild to 40-50% operating margins. Even the profitability path is deceptive. Most companies that look profitable on FCF margins are still in the messy middle once you account for stock-based compensation. The only real option is to accelerate. If you're not rewriting your product around AI, you're choosing a slow death.