2026-02-11
I have said this to pretty much everyone who has called me in the past 18 mos about VC-backed services rollups. Incremental margin gains come at the expense of significant reduction in pricing power.
Financial Times
Sources: KPMG negotiated a 14% lower fee for its 2025 audit by threatening to find a new accountant if Grant Thornton didn't pass on its cost savings from AI
2026-02-10
I have said this to pretty much everyone who has called me in the past 18 mos about VC-backed services rollups. Incremental margin gains come at the expense of significant reduction in pricing power.
Financial Times
Sources: KPMG negotiated a 14% lower fee for its 2025 audit by threatening to find a new accountant if Grant Thornton didn't pass on its cost savings from AI
Big Four accounting firm's move to cut fees for its own audit comes amid debate over pricing model
2024-07-27
@parkerconrad Someone should also tell Sacks that in a coup you don't generally take power and then fly the thing you just took over into the side of a mountain
TechCrunch
A decade-old drama between David Sacks and Parker Conrad blew up into a fight on X over VC behavior, drawing in Paul Graham and other big Silicon Valley names
Julie Bort / TechCrunch :
2024-07-26
@parkerconrad Someone should also tell Sacks that in a coup you don't generally take power and then fly the thing you just took over into the side of a mountain
TechCrunch
A decade-old drama between David Sacks and Parker Conrad has blown up into a fight on X over VC behavior, drawing in Paul Graham and other Silicon Valley names
A decade-old drama involving VC David Sacks and Rippling founder Parker Conrad over their previous company Zenefits has blown …
2021-12-23
This thread from @zsims almost a year ago is a must-read. The strategy clearly worked! At this stage of the VC hype cycle it's another reminder to focus on real results and building a real business *not* raising 19 rounds of capital and bragging about vanity metrics. https://twitter.com/...
Wall Street Journal
Skillsoft, which makes training software for businesses, acquires edtech startup Codecademy for $525M in cash and stock; Codecademy raised $40M in February
Ben Dummett / Wall Street Journal :