Building the Berkshire Hathaway of consumer subscriptions — Podcast with Eric Crowley, GP Bullhound

The podcast discusses the significant growth opportunity in consumer subscription software, emphasizing the power of the App Store whose revenue is now larger than most Fortune 500 companies, highlighting its potential for further expansion. Eric Crowley, a tech investment banker, provides insights into the 2023 Consumer Subscription Software report, noting the evolving landscape where traditional B2C companies like Peloton and Headspace are strategically expanding into B2B markets. Regulatory challenges loom for giants like Apple and Google, with upcoming EU regulations potentially affecting their payment systems, which could benefit app developers through reduced fees. The discussion also touches on notable mergers and acquisitions in the sector, such as Bending Spoons’ acquisition of Evernote, suggesting that companies featured in the report have a high likelihood of successful exits. The conversation draws parallels with Warren Buffett’s Berkshire Hathaway, suggesting lessons for those in the consumer subscription industry.