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Business History.In the early years of Constellation Software, Mark Leonard would lead the acquisition process, focusing on wholly acquiring their first VMS companies. The attraction to VMS was born from the fact that each software offering tends to be mission critical to users and each market is small enough that competition is insulated from the big players who could not rationalize spending in these small TAMs. Additionally, the recurring nature of most revenues and minimal maintenance capex makes software inherently attractive (much more on this later).
Constellation Software Introduction
speedwellsnippets.substack.com
The only way you get ahead is if you see something that no one else sees and it’s a little crazy.
Tinderbox
James Andrew Miller
When Nature formed man for society, she endowed him with a basic desire to please his brethren and a basic aversion to offending them. She taught him to feel pleasure in their favorable regard and pain in their unfavorable regard. She made their approval most flattering and most agreeable to him for its own sake, and their disapproval most humiliating and most offensive.
The Great Mental Models Volume 3
Rhiannon Beaubien and Rosie Leizrowice
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