Basic question, in the XRO presentation what does ACMR stand for?
Printable View
Basic question, in the XRO presentation what does ACMR stand for?
Not clutching at anything NG, i believe Thiel&co are in it for the long haul and are not that fickle to believe Xero would have cracked the states after a year, given there standing they will know what it means to ride out the tough times and will understand the culture in the States far better than any of us. If i didnt believe the story i would have sold out a while back or could any day i wanted to, its not as if im not used to taking a loss after my big CNU one and a few smaller ones as well along the way, only time will tell with this story:cool:
Have you heard of "brand". They have a good one.
They're also the biggest and fastest growing at what they do (SaaS) in three of their four target markets, so I would say that their competitors have bigger barriers of entry than Xero, particularly because their brand is so strong.
I just can't understand why 80% a year growth isn't enough for you. Go ahead and do not buy the shares, stick to utilities or whatever it is you prefer, but give them some credit for growing from nothing to 371000 customers at a fast clip. Oops, that's probably 400000 now.
As far as IP goes, I'm not sure the code could be lifted. Regardless, they are simply doing what has been done before but in a modern way, using modern technology (data in the cloud available to many devices, etc)
As far as barriers to entry, Xero is trying to be best in breed. It has been written from the ground up with modern software engineering techniques. This should enable it to be flexible and easily modified/upgraded/tailored going forward. The other providers out there most likely have legacy code issues.
To my mind there isn't too much wrong with the product. It's the market penetration in the US that is the only concern to me.
QuickBooks Online Vs. Myth #1: QuickBooks Online Uses “Legacy Code” (Busted!)
The belief that the current version of QuickBooks Online employs so-called legacy code, potentially a decade or more old owes much to a Forbes article from January of 2014. In that article, Gene Marks writes:
“Many current QuickBooks customers (perhaps you?) who are frustrated with the software’s older architecture but have suffered with it because they/you did not feel the need (or were just too lazy) to change will now be forced to change in the next few years.”
The weasel words here are “older architecture.” The truth is QuickBooks Online was redesigned in July of 2013, addressing the need for scalability and real-time data in modern, cloud-based accounting applications. The redesign that occurred in mid-2013 was from-the-ground-up – meaning no old code, no legacy cruft. Literally: none.
http://www.business2community.com/brandviews/getapp/quickbooks-online-vs-internet-rumor-mill-01007437