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Ask HN: How is Docusign a $35B company?

Author: ttttttthu66ttt

Score: 9

Comments: 7

Date: 2021-12-03 13:42:27

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gregjotau wrote at 2021-12-04 13:07:55:

I genuinely think I have a great replacement for "signing" software, it is much more efficient:

1. I just email the contract

2. Include in the email something along the lines:

Signature Employee / or reply to the email as confirmation of the employment contract:..............................

Answer: "I approve the contract in its entirety" “DATE"

I cannot imagine that sometime in this universe, someone will say: "Well, they answered that they approved the contract, but because they did not 'sign' the contract it is not valid"

I think signature software is just complicating things by trying to "digitize an old concept".

The nice thing about this is that I have automated it further by having an Airtable table with fields, and then using an automation to send an email based on the fields in the table. Hourly rate, name, job type etc. for the employment contracts. Before I used adobe sign and it was much more hassle to make contracts.

I expect my comment to take a big hit on Docusign's market cap :p

1ibsq wrote at 2021-12-04 11:12:27:

6 days ago we had a more or less same thread on HN. I'll link it down below. It has about 330 comments, so I'd assume you'll find your answer there ;)

https://news.ycombinator.com/item?id=29363897

tedmiston wrote at 2021-12-03 23:34:57:

Well, the stock dropped 42% today after missing on revenue so you might be on to something...

https://finance.yahoo.com/quote/DOCU

arenaninja wrote at 2021-12-03 15:28:55:

I don't understand how DocuSign was $50B while Dropbox was $10B; the barrier of entry is even lower for DocuSign and Dropbox even has a competing product

crate_barre wrote at 2021-12-04 07:43:28:

I don’t think it’s these companies fault that they have lofty market caps. Even Elon said the market cap for Tesla doesn’t make sense.

The problem is the investor class stopped believing in older, established companies as growth drivers. They don’t believe a GE, or a Ford, or what have you, are innovative.

So, they pool all their money into tech. Is Docusign going to say no to the money? They are a decent company and they are seeing large inflows and outflows because no one wants to dump their money into anything else.

jeffbee wrote at 2021-12-03 18:21:24:

Dropbox has a competing product that literally nobody uses. Supposedly HelloSign is a distant 4th place in a market with 4 participants, having a market share 100 times smaller than DocuSign. That seems to be the difference! If DocuSign was worth $50b then HelloSign is worth at most $500m.

muttantt wrote at 2021-12-03 20:40:42:

$26B company