Does SAP – or Oracle – have product/market fit?

They sort of do, they sort of don't. And it doesn't matter at all. Product market fit is a concept used to describe startups. Specifically, I take it to mean when a startup has managed to engage/sell to a small, rapidly-expanding group of very passionate users/customers. It doesn't apply to huge enterprise companies at scale. Everybody has heard of Oracle. Nobody has heard of <foo> startup.

Not everything can be analyzed with the same types of analysis. It is a complete mistake to try to analyze startups like you analyze large companies, and vice versa.

I think you're confusing users with customers. Most SAP users probably don't like it or hate it, but the people buying or paying for it? (CEO's, shareholders, etc).. they probably love it, and word of mouth does work - if someone has a SAP-killer that people don't know about, I haven't heard of it.

ju-st said it best - https://news.ycombinator.com/item?id=10617830

Also, long sales cycles are normal in huge multimillion dollar B2B products.

Stop believing the often BS personal opinions of "experts" like Andreessen or Horowitz. Most customers hate the products that they buy - but they need them to solve a problem and they have few choices. It is only in some markets where there are "commodity" products to choose between and you can evaluate the product in the way suggested by these guys.

Maybe the real point is that there are different types of markets with different characteristics. And whenever you read some billionaires opinion you really need to be skeptical - there is always some personal set of values and experiences behind those opinions.

I'm sure big companies love SAP. The killer feature is that it works. There is no other comparable software. You will never run out of guys who can maintain the system. The user interface is complicated by design; it's reusable and you can check/see every value multiple times before it is finally saved (wrong data leads to wasted time & wasted money); and finally it's easier for the consultants to implement. And in my opinion the most important fact is that the customers of SAP are top-level executives and so on and not the end-user.

SAP and Oracle are great at leveraging the network effects of having thousands of businesses built on top of their product offering. Think of how many consultants, books, courses and who knows what else that is based on SAP and Oracle. It's also customizable to anything their customers want. There's a huge amount of after-purchase support that ensures the buyer has some degree of confidence.