[from the 05/16/2016 edition of Breakthrough Tech Weekly]

When you start a new company, you need a severe case of optimism. Building a business from the ground up is grueling work, especially when there are already major competitors in your market. While Workday has done an excellent job of adding customers, with roughly 1,000 clients using its HR software and more than 200 using its financial management software, it’s client list is a shadow of its larger competitors. Yet it still has to pump money into R&D to remain competitive. At this point, I just don’t see how the company can gain enough market share to start turning a profit soon without sacrificing on R&D and sales efforts. While I applaud Workday’s optimism, it doesn’t fit our strategy anymore.

Sell Workday.