The document summarizes 10 common myths about software as a service (SaaS). It discusses how each myth is unfounded, such as security being better with SaaS vendors due to their dedicated infrastructure, and customers still owning their data. It provides examples of large, well-established SaaS companies and statistics on SaaS adoption rates. The document concludes that the future of computing is on the internet and SaaS, as witnessed by the success of companies like Salesforce.