Tallwood Business Brokers

If it hasn't occurred already, nearly every industry will encounter some form of digitization. At Tallwood, we don't view technology as a standalone industry as much as a layer of efficiency and connectivity applied to all industries.

While 2020 was one of the most challenging economic environments in U.S. history, it also was a springboard of entrepreneurship with over 3.4 million applications filed for new businesses. There will be many new companies in the years to come. Looking ahead, Tallwood expects software to play a meaningful role in the future of both existing and new businesses. In particular, we expect growth to result from several underlying technological tailwinds:

Decreasing Cost of Computing Power: According to AI Impacts, "computer power available per dollar has probably increased by a factor of ten roughly every four years over the last quarter of a century". With ever-increasing computing power at ever-decreasing costs, it's probably not possible to overstate how many game-changing applications will be created.

Number of Workers in Computer Science: There are over 2 million workers in the U.S. with a computer science degree. The number keeps growing. In 2019, there were over 47K degrees awarded in computer science, an 8% increase over the prior year.

Proliferation of High-Speed Internet: Pew Research Center suggests that internet usage by U.S. adults increased from 52% in 2000 to 93% today. Big cities are no longer the only launchpad to creating great software. With a high-speed internet connection, entrepreneurship can now happen anywhere.

Tallwood Business Brokers

Tallwood is ready to help owners of technology and software businesses successfully exit their companies when the time is right.