Imagine being a shareholder in Docusign
A $14 billion company listed on NASDAQ
Why would an equity be worth that?
Their product can be copied
Produced
And marketed
Add a fraction of the cost with AI
Vibe coding eats this
If I was long, Docusign, I would be very concerned
nostr:npub1r0d8u8mnj6769500nypnm28a9hpk9qg8jr0ehe30tygr3wuhcnvs4rfsft
Mainly distribution. But I world expect our to fall precipitously
Distribution is valuable. No doubt
But surely the equity prices we see will be compressed due to the phenomenon of AI driven growth efficiency?
The software driven moat or defensibility is gone
Well that software was never defensible over the last 10 years.
It could always have been replicated for a 100k. That fact you could replicate for a 1k isnβt necessarily that different for a multi billion valuation surely?
So Iβd say the premium is all network affect of people believing this is a trust worthy signing solutionnn
So distribution amped by network effect = defence
Nice
And very true
So interesting analysing these things
Good target for an interoperable nostr program.
Totally agree. Whoβs building it?
Sigit.io
Building a signing tool is easy
Making it private, decentralised, and interoperable - much less so
We have rebuilt SIGit using state machines and will soon release a CLI (interoperable with the website) and a core library (enabling other apps to embed SIGit logic)
Watch this space
yeah documents should be authenticated with nsecs
Check out https://sigit.io
have you ever sold into US Enterprise?
yes will be replaced but it will not be overnight
Iβve not had that experince specifically no
good!
the inertia in big orgs is big advantge to existing vendors and barrier to new ones and makes enterprise sales cycles very S L O W
but there's def a market there its crazy that we email PDFs around and expect people to pay
so much fraud and scams going on because people have to trust and don't have great ways to verify
Interesting space to be having a look for opportunities for sure
Network effect strong
nostr:npub1frdmtech5c3p6e8azwapy72tc289qeavr4mr9m55xl2nxae82r0sach4dd
nostr:nprofile1qqstl8gw89wyzngwt8jsk4w8tn0xhje8edmcc756p026fhe6j7ym78cpr4mhxue69uhkummnw3ez6vp39eukz6mfdphkumn99e3k7mf0qythwumn8ghj7un9d3shjtnwdaehgu3wvfskuep0sdp00a π
The market is never wrong so I can give you a few reasons. They have a massive customer base to which they can cross-sell future products to, not to mention that no serious enterprise would switch to a vibe coded free alternative due to the security risks.
Besides that, yes there are many other public companies that due the same thing already and DOCU is still around. I understand the point youβre trying to make but this is a weak example
Nice! Love this critique
What is a better example of what I am trying to say?
In particular this concept βthe market is never wrongβ - can you expand on why you think that?
