The Day in SaaS 07.03.21: Affirm and Shopify; Ransomware Up 40%; The Apple Revolt
Is Affirm's Deal With Shopify Too Good to Be True? Shopify drives massive sales to Affirm — but also massive losses. And it takes all the financial risk in “buy now, pay later”. How long can it last?
S.F. office vacancy rises to 20%, highest level since 2003, despite more leasing activity. Niche pockets of SF office space are strong — but other than that, the place is empty. Empty.
This U.S. city has the highest share of superrich residents in the world — and it’s not San Francisco, New York or Seattle. The richest in the Bay Area aren’t in SF at all, in fact. They are in San Jose. Home to Zoom, Adobe, Cisco, PayPal and more. The Bay Area is more than SOMA. Especially now.
Ransomware attacks driving cyber reinsurance rates up 40% | ZDNet. Ransomware should be getting even more attention than it is. A disaster that is picking up steam, that many don’t want to talk about.
IBM President Jim Whitehurst steps down less than two years after he joined through Red Hat acquisition. A shocker, but he stays just about 24 months after Red Hat was acquired. He earned an extra $4m for staying 24 months, and just another $2m for staying the year thereafter. Although his RSUs vested on Year 3, so he’s leaving a lot there behind.
Nearly 90% of surveyed Apple employees reportedly say being able to work from home indefinitely is 'very important' as the company plows ahead with plans to return to the office. Apple employees continue to revolt. The old school wants folks in the office. But most newer tech companies are fine remote and hybrid.
Billionaire Mircea Popescu Dead at 41, Leaving Behind $2 Billion in Bitcoin Crypto Currency. “It remains unclear if anyone has access to his digital assets. If not, his fortune could be lost forever.”
Dear SaaStr: What Would a Good Sales Comp Plan for a B2B SaaS Company with ACV ~$1,200 look like? This is a pretty low price point for a sales-driven SaaS model, but it can be done. You do have to be ruthlessly efficient, however. More in the post.
