Value per employee in the software cohort rose from $5.2M to $18.3M in seven years. Paul Hsiao compares value and revenue per employee at IBM and Anthropic.
By Paul Hsiao
Software industry
For operators, owners and investors in enterprise software. The Software Innovators series looks at productivity, ownership and the market ahead for the companies on the Software Leaderboard. The other reports track which software categories are splitting up and which vendors customers are replacing.
7 reports
Software Innovators
Paul Hsiao examines how agentic software is changing productivity, ownership, and the market for the Software Leaderboard's companies.
The $28.2 trillion Software Leaderboard spans four ownership cohorts: public, PE-held, VC-private and acquired, each with different financial constraints.
By Paul Hsiao
The leaderboard records $5.6 trillion of VC-private software value across 1,177 companies, with limited liquidity, restricted retail access and disclosure gaps.
By Paul Hsiao
Private-equity firms hold $1.1 trillion of enterprise software value. This report examines Medallia's lender handover and other deals under financing pressure.
By Paul Hsiao
Eight software waves grew over 75 years. This report examines the ninth, AI, and Sequoia's $10 trillion services-and-labor market estimate.
By Paul Hsiao
More reports
Is the SaaS apocalypse real? In Airframe's corpus, software replacement cycles shortened from roughly seven years to under three after 2022.
How twelve software categories are expanding: tracked vendor patterns, possible drivers, and implications for buyers.