If you ever interview with the technology group of an investment bank, or perhaps a buyside firm that invests in technology companies, you’ll probably need to know how SaaS companies works.

For those who aren’t familiar, “SaaS” stands for “software as a service” and refers to software companies that charge their customers using a recurring subscription model (as opposed to a one-time upfront fee).

Because of how popular this business model has become within the software industry, combined with the uniqueness of its business model from a financial standpoint, it has become a popular interview topic.

Here me coach one of our students on the difference between a SaaS company other “normal” companies.

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