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That's because "tech" isn't a vertical but an operating model. As I've said before: https://twitter.com/mbesto/status/1017116663676919811 https://twitter.com/mb
by mbesto 8y ago
That's because "tech" isn't a vertical but an operating model. As I've said before:
https://twitter.com/mbesto/status/1017116663676919811 https://twitter.com/mbesto/status/1017116663676919811
"IMHO the idea that companies are either "tech" or "not tech" has been peddled by VC's to convince buyers that all companies considered "tech" either have or will potentially have high gross margins regardless of current state and thus high valuations."
"When working with my clients (investors/acquirers) we generally consider businesses in three distinctions, IT Supported, Heavily Tech Enabled and Software Businesses. There are then varying degrees in between those distinctions."
- jacques_chester 8y agoI work in tech, I think how people work is a key advantage. But the concepts underpinning agility and leanness can be traced back as far as you please. We didn't invent them and we don't own them.
- mbesto 8y ago> I think how people work is a key advantage. Yup, which is precisely what an Operating Model is: https://en.wikipedia.org/wiki/Operating_model https://en.wikipedia.org/wiki/Operating_model