How to invest in winners. in this article we'll dive into the 10 best performing small-cap stocks of the past 10 years. It covers companies like Appfolio, Alpha Group, Chapters Group, and much more!
Really interesting that Mark Leonard singled out AppFolio alongside Veeva as companies Constellation could learn from. The property managment software space isn't as flashy as healthcare IT but the moat dynamics are pretty simlar. Once you get landlords and property managers onto your platform and they have all their tenant data, rent collections, and workflows built in, switching costs become massive. I'm curious how much of AppFolio's growth is coming from new customer adds versus expanding within their existing base. The insider ownership detail is encouraging too, always a good sign when managment has real skin in the game.
Really interesting that Mark Leonard singled out AppFolio alongside Veeva as companies Constellation could learn from. The property managment software space isn't as flashy as healthcare IT but the moat dynamics are pretty simlar. Once you get landlords and property managers onto your platform and they have all their tenant data, rent collections, and workflows built in, switching costs become massive. I'm curious how much of AppFolio's growth is coming from new customer adds versus expanding within their existing base. The insider ownership detail is encouraging too, always a good sign when managment has real skin in the game.
A Deep Dive of both AppFolio and Constellation Software will follow shortly!