Plus there are industries that are still quite manual – such as the mortgage industry here in CA.
That is due to government regulation. The registrars office will not except digital signatures. I tried when we bought our home last year, and of course, as a shareholder, I had to ask both agents what they thought of this. They both said they would love to make the whole process digital but it’s out of their hands and isn’t likely to change anytime soon. This is another facet of the “already taken over the world“ argument for docusign. To use another analogy, they picked the low hanging fruit of customer adoption. What remains requires change at much harder to crack levels.
I sold out of docusign a couple months ago for the reasons Saul mentioned. In my words: A combination of current market penetration rate and trying to avoid investing in the STORY of what they MIGHT become versus waiting for it to happen before putting my own money behind it. Looking back I timed it badly and missed out on some upside, but the rest of my portfolio did pretty well and I’m not sure if there was, at that time, any reason to think that the price would spike. I mean, a major reason I sold is because I didn’t see any current catalyst for accelerating growth. I fully expect to be wrong sometimes. I’m still happy with my decision to act.
@Saul: I’m glad to see you decided to continue with your current format of review. You have to post the numbers to quantify “ridiculous”! 