The comfortable middle is over for software. Growth has stalled but true profitability still hasn't arrived — most of the sector is stuck: too slow for a premium growth multiple, too diluted for a fortress multiple. a16z's David George says CEOs have 12-18 months to pick exactly one of two paths: https://www.a16z.news/p/there-are-only-two-paths-left-for(a16z)