There is a great article on this topic that deserves some profile as it neatly sums up the debate around where giants like Google go next.
I like to think of it as -
- be unique OR
- be integrated OR
- be in another market
To give a simplistic analogy, if your proposition is not truly unique in the world (like iPhone) then get integrated (like say SMS) so the convenience or the network effect makes you the winner.
Google has some unique offerings but their level of uniqueness will be challenged over time so spreading a wider net and ensuring a larger integrated offering is key to retention and growth. More specifically in SaaS finance we think it is inevitable that competition hots up in our space but we know (from experience) like a lot of seemingly straightforward activities, there is more to online accounting and SaaS finance than meets the eye and that just like facebook vs linkedin or plaxo or the free email wars, there is room for a bunch of different philosophies that service different market segments.
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Dec 20
Peter











