Accounting Software

“I believe the next generation of accounting software companies, we've looked at them. They're super interesting. They're adding AI, but fundamentally, 80% of the value in an accounting software package is independent of AI. It's just, it's debits and credits a…”

“And my perspective was at the time was that it felt like there were a lot of people selling products for, you know, forecasting for the sort of more like forward leaning FP&A functions, but there wasn't a whole lot that was really compelling in the accounting …”

“I have never ever in my entire life heard a founder or a business owner say, I can't wait to buy accounting software. Like, no, what the founder says is, I really need someone to solve this problem for me. I need someone who feels like they're on my team, some…”

“I think that's a pretty big ask, but like imagining translating any economic event, right? Eladco paid an invoice or transmitted this cash balance from one account to one of its suppliers, the ability to take that And like record the transactions from an accou…”

“No founder has ever said, I really would love some more accounting software. What business owners actually want is to have the problem solved for them.”

“Accounting is the killer app for small businesses. They all have bank accounts. The smart ones have business advisors, and they all have to have a relationship with the tax ban. So it's the functionality they all kind of need to have.”

“So what's interesting about accounting software in the small business space is it's the only application with an actual channel.”