Replacing excel is like replacing paper. People always talk about formulas, but most spreadsheets don’t have any. They’re todo lists, or more commonly, static database exports.

Or they have formulas, but the author calculates a few numbers and throws it away. In this case they’re like a scratch pad, or a calculator with a visible memory.

I think it’s certainly possible to make better business modeling tools, and have played with some designs in that space. But they’ll never be Excel. And that’s ok