St Croix, my only suggestion is to watch the debt with Carvana because so many used car dealers have gone bust due to the debt load. Perhaps they are issuing enough equity too. But it’s expensive to build inventory of cars where margins are razor thin not to mention the infrastructure to sell it… but maybe their inventory turnover is sufficient.
Carvana does seem to have a new model in this new era of buying cars online without haggling with the dealer. And convenient when they are offering their best cost up front. And is inventory regional? It actually wouldn’t be easy to replicate what Carvana has done if they can successfully scale it.
You’re right. There is a world outside of SaaS and I have been going that direction too. I don’t see any reason to completely dissolve of SaaS, and besides, it seems each segment within SaaS. For example I don’t see why the tide ZScaler is in, which is cloud based security, should ride and fall along with Coupa which is procurement software. Totally unrelated industries though they may both follow the business cycle but one of the appeals in SaaS id they are supposed to be saving companies money, a necessity in all economies.