The Long Journey to Software Valuation

Prior to the 1980’s, if you brought up the business of software in conversation, it wasn’t long before the discussion got around to the subject of software as an asset. Most everyone agreed that the machine, the hardware, had tangible value. You could see it; you could hold it. Computer hardware had a physical presence. It was a three-dimensional entity. At that time, you could ask, who should care about the asset value of the thing called software? You can’t see it; you can’t hold it. So, ...