I'll just copy and paste my response from before because this comes up often: there is no real definition of a "tech company" or "tech industry", the word "tec

I'll just copy and paste my response from before because this comes up often: there is no real definition of a "tech company" or "tech industry", the word "tech" defines the operating model. This is the dirty little secret VCs don't like to tell you because it means they can call Tesla a tech company (its a car and battery manufacturer) to fetch tech-like valuations or Facebook a tech company (its a media company). Tech operating models typically net high gross margins (i.e. Facebook) which is one of its major defining characteristics. I therefore posit there is no such thing as a "tech industry", but rather businesses that sit on a spectrum of operating models from: - Back office IT supported - Tech enabled - Tech Led https://news.ycombinator.com/item?id=27693634 https://news.ycombinator.com/item?id=27693634