[airstrike]

When people learned "recurring revenue" gets valued at, say, 10x revenue and "non-recurring revenue" gets valued at, say, 1x revenue, everyone decided to make their business look like it's recurring

If they don't, some PE will buy it and do it for them

[shaftway]

I noticed that I've been experiencing a visceral backlash against this. There was a video talking about new woodworking products and almost every one had a recurring cost and they talked up how many patents they had. My first reaction was "I'm never buying this because I refuse to get locked into your ecosystem, and there'll be no supplier for these materials once you fold."

e.g. Magnetic hidden screws: https://gfycat.com/bonyinbornheifer

[MerelyMortal]

> Magnetic hidden screws

Whoa!

[Gibbon1]

We need to change the tax law to charge property tax on rented software and other media products.

[rogerkirkness]

Realized this is a great PE thesis: buy companies that don't have a recurring narrative, but do have recurring revenue.

Example: insurance companies. Warren Buffet like 50 years ahead on this game I think. Fix narrative, sell company, repeat.

[voicedYoda]

To be fair, how many companies has he (or Berkshire Hathaway) sold?