--- title: "Meaning & Key Takeaway of: Investors are still thinking through the…" description: "\"“Investors are still thinking through the consequences of reinventing the software industry as one with an explicit focus on service rather than closed..." image: "https://sms4smile.com/quotes/i/b3a/eric-s-raymond-5007_intellectual-propert_investors-are-still-thinking-through-the_1343519.jpg" --- # Investors are still thinking through the consequences of… ![“Investors are still thinking through the consequences of reinventing the software industry as one with an explicit focus on service rather than closed intellectual property, and will be for some time to come.” quote by Eric S. Raymond](https://sms4smile.com/quotes/i/b3a/eric-s-raymond-5007_intellectual-propert_investors-are-still-thinking-through-the_1343519.jpg) [Download](https://sms4smile.com/quotes/i/b3a/eric-s-raymond-5007_intellectual-propert_investors-are-still-thinking-through-the_1343519.jpg) [Open image](https://sms4smile.com/quotes/i/b3a/eric-s-raymond-5007_intellectual-propert_investors-are-still-thinking-through-the_1343519.jpg) > ““Investors are still thinking through the consequences of reinventing the software industry as one with an explicit focus on service rather than closed intellectual property, and will be for some time to come.”” [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Software is shifting toward service‑oriented models, challenging traditional IP mindsets. **In simple terms:** Software is becoming service‑focused. Key Takeaway Adapt to service‑centric business models. Themes technology business innovation intellectual property software development Mood analytical forward‑looking Type strategic informational When to use this quote - startup pivots - enterprise transitions - policy discussions - investment decisions Key Concepts platform economics open source service design market dynamics Questions to Reflect On - What risks do companies face when abandoning closed IP? - How can service models sustain innovation? A Different Perspective Transition may reduce profit margins for IP‑heavy firms. ★ ★ ★ ★ ★ No ratings yet [Intellectual property](https://sms4smile.com/quotes/about/intellectual-property/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Programming](https://sms4smile.com/quotes/about/programming/) ## Related quotes > [“In a future that includes competition from open source, we can expect that the eventual destiny of any software technology will be to either…](https://sms4smile.com/quotes/eric-s-raymond/in-a-future-that-includes-competition-from-open-source-we-can-expect/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [We have most of the software industry running Autonomy.](https://sms4smile.com/quotes/larry-ellison/we-have-most-of-the-software-industry-running-autonomy/) [Larry Ellison](https://sms4smile.com/quotes/author/larry-ellison/) > [Maintaining a consistent platform also helps improve product support - a significant problem in the software industry.](https://sms4smile.com/quotes/bill-gates/maintaining-a-consistent-platform-also-helps-improve-product-support/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [I'm a victim of Developaralysis: the crippling sense that the software industry is evolving so fast that no one person can possibly keep up.](https://sms4smile.com/quotes/jon-evans/i-m-a-victim-of-developaralysis-the-crippling-sense-that-the-software/) [Jon Evans](https://sms4smile.com/quotes/author/jon-evans/) > [“Yes, the success of open source does call into some question the utility of command-and-control systems, of secrecy, of centralization, and of certain kinds…](https://sms4smile.com/quotes/eric-s-raymond/yes-the-success-of-open-source-does-call-into-some-question-the/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [Paul Allen with Microsoft revolutionized the software industry.](https://sms4smile.com/quotes/peter-diamandis/paul-allen-with-microsoft-revolutionized-the-software-industry/) [Peter Diamandis](https://sms4smile.com/quotes/author/peter-diamandis/) > [My best decision was to choose to go to Wall Street over law. I learned a lot and focused on the expanding software industry…](https://sms4smile.com/quotes/safra-a-catz/my-best-decision-was-to-choose-to-go-to-wall-street-over-law-i/) [Safra A. Catz](https://sms4smile.com/quotes/author/safra-a-catz/) > [I don't believe in government regulation of the software industry.](https://sms4smile.com/quotes/anonymous/i-don-t-believe-in-government-regulation-of-the-software-industry/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We have over 60 million machines that can take the same diskette, plug it in and immediately ah, that that software's working. And so…](https://sms4smile.com/quotes/bill-gates/we-have-over-60-million-machines-that-can-take-the-same-diskette-plug/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [There's nothing more frustrating than seeing cynics sit there and say, 'Well, nobody can make any more money because Microsoft and Intel own everything.'…](https://sms4smile.com/quotes/michael-j-saylor/there-s-nothing-more-frustrating-than-seeing-cynics-sit-there-and-say/) [Michael J. Saylor](https://sms4smile.com/quotes/author/michael-j-saylor/) > [The software industry has to become better in componentization. That's a clear focus for most of the software companies. How components look, how they…](https://sms4smile.com/quotes/hasso-plattner/the-software-industry-has-to-become-better-in-componentization-that-s/) [Hasso Plattner](https://sms4smile.com/quotes/author/hasso-plattner/) > [The most amazing achievement of the computer software industry is its continuing cancellation of the steady and staggering gains made by the computer hardware…](https://sms4smile.com/quotes/henry-petroski/the-most-amazing-achievement-of-the-computer-software-industry-is-its/) [Henry Petroski](https://sms4smile.com/quotes/author/henry-petroski/) > [Software-industry battles are fought by highly paid and out-of-shape nerds furiously pounding computer keyboards while they guzzle diet Coke. The stakes aren't very dramatic.…](https://sms4smile.com/quotes/nathan-myhrvold/software-industry-battles-are-fought-by-highly-paid-and-out-of-shape/) [Nathan Myhrvold](https://sms4smile.com/quotes/author/nathan-myhrvold/) > [“In the twenty-first century, the winners will be those who stay ahead of the change curve, constantly redefining their industries, creating new markets, blazing…](https://sms4smile.com/quotes/rowan-gibson/in-the-twenty-first-century-the-winners-will-be-those-who-stay-ahead/) [Rowan Gibson](https://sms4smile.com/quotes/author/rowan-gibson/) > [What I look for in a script is something that challenges me, something that breaks new ground, something that allows me to flex my…](https://sms4smile.com/quotes/michael-bay/what-i-look-for-in-a-script-is-something-that-challenges-me-something/) [Michael Bay](https://sms4smile.com/quotes/author/michael-bay/) ## More by Eric S. Raymond > [The Wesnoth devs are good but not exceptionally so, and we're weighed down by a crappy implementation language (C++). Nevertheless our productivity, in terms…](https://sms4smile.com/quotes/eric-s-raymond/the-wesnoth-devs-are-good-but-not-exceptionally-so-and-we-re-weighed/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [“We’re proving not only that we can do better software, but that joy is an asset.”](https://sms4smile.com/quotes/eric-s-raymond/we-re-proving-not-only-that-we-can-do-better-software-but-that-joy-is/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [The workstation-class machines built by Sun and others opened up new worlds for hackers.](https://sms4smile.com/quotes/eric-s-raymond/the-workstation-class-machines-built-by-sun-and-others-opened-up-new/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [It is widely grokked that cats have the hacker nature](https://sms4smile.com/quotes/eric-s-raymond/it-is-widely-grokked-that-cats-have-the-hacker-nature/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [“If (as is generally accepted) over 75% of a typical software project’s life-cycle costs will be in maintenance and debugging and extensions, then the…](https://sms4smile.com/quotes/eric-s-raymond/if-as-is-generally-accepted-over-75-of-a-typical-software-project-s/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [The combination of threads, remote-procedure-call interfaces, and heavyweight object-oriented design is especially dangerous... if you are ever invited onto a project that is supposed…](https://sms4smile.com/quotes/eric-s-raymond/the-combination-of-threads-remote-procedure-call-interfaces-and/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [Lisp is worth learning for the profound enlightenment experience you will have when you finally get it; that experience will make you a better…](https://sms4smile.com/quotes/eric-s-raymond/lisp-is-worth-learning-for-the-profound-enlightenment-experience-you/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [You cannot motivate the best people with money. Money is just a way to keep score. The best people in any field are motivated…](https://sms4smile.com/quotes/eric-s-raymond/you-cannot-motivate-the-best-people-with-money-money-is-just-a-way-to/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [“The Linux world behaves in many respects like a free market or an ecology, a collection of selfish agents attempting to maximize utility which…](https://sms4smile.com/quotes/eric-s-raymond/the-linux-world-behaves-in-many-respects-like-a-free-market-or-an/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [“The reason this is a serious issue is that both the pool of users and the pool of talent available to be recruited into…](https://sms4smile.com/quotes/eric-s-raymond/the-reason-this-is-a-serious-issue-is-that-both-the-pool-of-users-and/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [A security system is only as secure as its secret. Beware of pseudo-secrets.](https://sms4smile.com/quotes/eric-s-raymond/a-security-system-is-only-as-secure-as-its-secret-beware-of-pseudo/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [Today I am one of the senior technical cadre that makes the Internet work, and a core Linux and open-source developer.](https://sms4smile.com/quotes/eric-s-raymond/today-i-am-one-of-the-senior-technical-cadre-that-makes-the-internet/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [“The behavior of retailers when a vendor folds is very revealing. It tells us that they know something the vendors don’t. What they know…](https://sms4smile.com/quotes/eric-s-raymond/the-behavior-of-retailers-when-a-vendor-folds-is-very-revealing-it/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [The easiest programs to use are those which demand the least new learning from the user](https://sms4smile.com/quotes/eric-s-raymond/the-easiest-programs-to-use-are-those-which-demand-the-least-new/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) > [“This is quite unlikely to happen to Linux,”](https://sms4smile.com/quotes/eric-s-raymond/this-is-quite-unlikely-to-happen-to-linux/) [Eric S. Raymond](https://sms4smile.com/quotes/author/eric-s-raymond/) [Explore all 104 Eric S. Raymond quotes ](https://sms4smile.com/quotes/author/eric-s-raymond/) ## More Intellectual property quotes > [Corporately contrived art product replaces inspired intellectual property with ineffectual poperty.](https://sms4smile.com/quotes/vanna-bonta/corporately-contrived-art-product-replaces-inspired-intellectual/) [Vanna Bonta](https://sms4smile.com/quotes/author/vanna-bonta/) > [Owning the intellectual property is like owning land: You need to keep investing in it again and again to get a payoff; you can't…](https://sms4smile.com/quotes/esther-dyson/owning-the-intellectual-property-is-like-owning-land-you-need-to-keep/) [Esther Dyson](https://sms4smile.com/quotes/author/esther-dyson/) > [If you talk privately to our tech companies, our pharmaceutical companies, our high-end manufacturing companies, the high end of America, where the good-paying jobs…](https://sms4smile.com/quotes/charles-schumer/if-you-talk-privately-to-our-tech-companies-our-pharmaceutical/) [Charles Schumer](https://sms4smile.com/quotes/author/charles-schumer/) > [I am not in favour of the takeover of excellent and strategically important British companies by struggling foreign firms whose actions are fuelled by…](https://sms4smile.com/quotes/david-sainsbury-baron-sainsbury-of-turville/i-am-not-in-favour-of-the-takeover-of-excellent-and-strategically/) [David Sainsbury, Baron Sainsbury of Turville](https://sms4smile.com/quotes/author/david-sainsbury-baron-sainsbury-of-turville/) > [“structure of the social division of labor. Many firms and industries must make fundamental changes to long-held business models in order to adapt. Further,…](https://sms4smile.com/quotes/eric-von-hippel/structure-of-the-social-division-of-labor-many-firms-and-industries/) [Eric von Hippel](https://sms4smile.com/quotes/author/eric-von-hippel/) > [There is no such thing as intellectual property.](https://sms4smile.com/quotes/jean-luc-godard/there-is-no-such-thing-as-intellectual-property/) [Jean-Luc Godard](https://sms4smile.com/quotes/author/jean-luc-godard/) > [You cannot steal somebody's intellectual property. Law and justice protect.](https://sms4smile.com/quotes/bikram-choudhury/you-cannot-steal-somebody-s-intellectual-property-law-and-justice/) [Bikram Choudhury](https://sms4smile.com/quotes/author/bikram-choudhury/) > [Throughout history, musicians have never counted on intellectual property really getting them rich.](https://sms4smile.com/quotes/john-popper/throughout-history-musicians-have-never-counted-on-intellectual/) [John Popper](https://sms4smile.com/quotes/author/john-popper/) > [“Place your stake in the ground, Intellectual Property is the lifestyle.”](https://sms4smile.com/quotes/anyaele-sam-chiyson/place-your-stake-in-the-ground-intellectual-property-is-the-lifestyle/) Anyaele Sam Chiyson > [I don't pretend to be an expert on intellectual property law, but I do know one thing. If a music industry executive claims I…](https://sms4smile.com/quotes/janis-ian/i-don-t-pretend-to-be-an-expert-on-intellectual-property-law-but-i-do/) [Janis Ian](https://sms4smile.com/quotes/author/janis-ian/) > [I speak for every American when I say we are done tucking our tails and being at the losing end of every trade-off we…](https://sms4smile.com/quotes/george-santos/i-speak-for-every-american-when-i-say-we-are-done-tucking-our-tails/) [George Santos](https://sms4smile.com/quotes/author/george-santos/) > [“Piracy begins where creativity ends.”](https://sms4smile.com/quotes/dr-kalyan-c-kankanala/piracy-begins-where-creativity-ends/) [Dr. Kalyan C. Kankanala](https://sms4smile.com/quotes/author/dr-kalyan-c-kankanala/) > [“Working a Patent is not as easy as it sounds”](https://sms4smile.com/quotes/kalyan-c-kankanala/working-a-patent-is-not-as-easy-as-it-sounds/) [Kalyan C. Kankanala](https://sms4smile.com/quotes/author/kalyan-c-kankanala/) > [We can license our intellectual property to new customers and expand agreements with existing ones over time and more.](https://sms4smile.com/quotes/rajeev-suri/we-can-license-our-intellectual-property-to-new-customers-and-expand/) [Rajeev Suri](https://sms4smile.com/quotes/author/rajeev-suri/) > [For us, not cooperating in the monopoly regimes of intellectual property rights and patents and biodiversity - saying "no" to patents on life, and…](https://sms4smile.com/quotes/vandana-shiva/for-us-not-cooperating-in-the-monopoly-regimes-of-intellectual/) [Vandana Shiva](https://sms4smile.com/quotes/author/vandana-shiva/) [Browse all 216 Intellectual property quotes ](https://sms4smile.com/quotes/about/intellectual-property/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Investors are still thinking through the consequences of reinventing the software industry as one with an explicit focus on service rather than closed intellectual property, and will be for some time to come.”", "creator": { "@type": "Person", "name": "Eric S. 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