Andy Lin's Blog

How does Intuit, the leader in financial management software for individuals and small businesses, make money?

Company history Intuit (ticker: INTU) was founded in Palo Alto, California in 1983 by Scott Cook and Tom Proulx. The first product they developed was Quicken, and later Microsoft launched Microsoft Money competed with Quicken, but with little success. After going public in 1993, Microsoft once tried to buy the company, but the transaction fell … Continue reading “How does Intuit, the leader in financial management software for individuals and small businesses, make money?”

Vertical software is expensive, but worth the investment

Vertical software, The official name of industry software should be vertical market software, which is software developed for a niche industry or for the needs of a unique customer group.

Major artificial intelligence companies in US stocks market

Generative artificial intelligence, Barriers to Entry Are Too High

Artificial intelligence online lending platform Upstart

Upstart mentioned in my book I have discussed Upstart (ticker: UPST) in my books “The Rules of 10 Baggers“, Upstart business Disrupt lending industry There’s no question that Upstart’s business model has the potential to disrupt the lending industry. The company provides an AI-powered online lending platform to 83 different partners (banks and credit unions). … Continue reading “Artificial intelligence online lending platform Upstart”

There are indeed monopoly in this world

There are indeed monopoly in this world, Buffett said that a moat is the competitiveness of a business economy. Most companies have many competitors because a profitable industry attracts competitors to join in for a piece of the pie.