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Rohan Paul@rohanpaul_ai
38AI 编辑部评分，满分 100
2026-08-02 20:23· 3小时前
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AI 摘要

D1 Capital Partners 创始人 Dan Sundheim 认为，软件行业未来将演变为更差的商业模式，类似沃尔玛适应电商需巨额投资、利润率受损并面临新竞争者。他预计，拥有强大分销能力和商业模式、且成为企业核心记录系统的公司仍将胜出。

Dan Sundheim， founder & CIO of D1 Capital Partners on future of Software/SAAS business.

"My guess is that software will have to evolve， will probably be a worse business model going forward.

But I think the same way that like Walmart evolved with e-commerce. It required an enormous amount of investment. Their margins took a hit. They had new competitors.

I think that'll be the case with software too， where companies that have really great distribution and great business models and are systems of record for companies. "

---

From 'Invest Like The Best' （@patrick_oshag） YT channel （full link in comment）

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Rohan Paul · @rohanpaul_ai · X·2026-08-02 20:23·3小时前
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AI 摘要

D1 Capital Partners 创始人 Dan Sundheim 认为，软件行业未来将演变为更差的商业模式，类似沃尔玛适应电商需巨额投资、利润率受损并面临新竞争者。他预计，拥有强大分销能力和商业模式、且成为企业核心记录系统的公司仍将胜出。

Dan Sundheim， founder & CIO of D1 Capital Partners on future of Software/SAAS business.

"My guess is that software will have to evolve， will probably be a worse business model going forward.

But I think the same way that like Walmart evolved with e-commerce. It required an enormous amount of investment. Their margins took a hit. They had new competitors.

I think that'll be the case with software too， where companies that have really great distribution and great business models and are systems of record for companies. "

---

From 'Invest Like The Best' （@patrick_oshag） YT channel （full link in comment）

大佬观点现象/趋势
在 X 查看原推x.com