Clouded Judgement: Second Mover Advantage in AI and SaaS

The article argues that second-mover advantage is often underestimated in rapidly evolving AI and SaaS markets, where first movers can be handicapped by outdated infrastructure and high cost structures while second movers benefit from learned lessons, better pricing, and educated buyers. The author provides comprehensive SaaS benchmarking data showing median metrics across public cloud companies including valuation multiples, growth rates, margins, and unit economics.