Some updated thoughts on AppFolio

Over the weekend, I recorded a podcast on AppFolio which will be released within a few days. Before recording the podcast, I started reviewing my own as well some others’ work on the company. I have come to find some glaring gaps in my analysis published before on AppFolio which is why I feel compelled to post an update right away even before the podcast is released. I will briefly explain how I was incorrect in my earlier analysis and how I updated my thoughts on the company.

While explaining my current thinking about the company, I will show you the earlier model I shared and how I changed the model now to fit my current thinking. I will also make the assumption that you have a decent understanding of the company as I won’t repeat the basics of the company. If you’re unfamiliar with the company, you can start with my Deep Dive first and then come back to this post to see how I have updated my opinion.