The $1.7 Trillion Data Center Bet, and Why Apple is Getting Into the Subscription Game

…model, I wanted, quite frankly, I wanted a larger exit. And I read this amazing study from Deloitte saying these are where the irrational multiples, the features that a company that's able to garner an irrational multiple have in common. One, they own a niche. Two, they're international. Three, they have defensible IP and four, they have recurring revenues. And that's why software companies, when you have recurring revenues, someone signs up, it's a harder sales process, but they sign up.…