Ben Gilbert: belief

Transcript context

…I intentionally didn't look up revenue because it made the story muddier, but wow, there you go. I think that's the point. Microsoft's perception by the market, I'm sure they were growing faster, I'm sure they had better gross margins. I'm sure there was a better story there, so there's a multiple that comes out of the story. I'm sure there are lots of good reasons why Microsoft became more valuable than IBM very early, but IBM's revenue did not peak until 2012. What? Long after public perception moves on, customers still get value from something created by incumbents for a very long time. I think that's something we often forget about in the buzzy Twitterverse of like, oh that thing's over. It might still grow for another 20 years before it's over. That also just speaks to the nature of the enterprise business, too.…

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