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Exactly! VC funding has its place, but it also greatly restricts the types of outcomes that are favorable. I mean, in our case, we're building a geocoder. We'd
by spectre256 8y ago
Exactly! VC funding has its place, but it also greatly restricts the types of outcomes that are favorable.
I mean, in our case, we're building a geocoder. We'd have to raise, no exaggeration, tens of billions to build a moat considering the current market leader is Google. There's no way to guarantee that outcome.
On the other hand, there is _so_ much room left after Google for other companies if they don't have to get massive. There's room for us, and at least a dozen other companies I know of that have their own take on geocoding that their own customers appreciate.