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since OP asked specifically about VC-backed (and not bootstrapped or a lifestyle government consultancy), i guess the question is they must have at least pitche

since OP asked specifically about VC-backed (and not bootstrapped or a lifestyle government consultancy), i guess the question is they must have at least pitched a $1bn+ TAM, no? in which case even having a couple of $100m contracts, even when it does miracles for lifestyle, would not be enough. Caveat, don't know much about this, just intuitively it doesn't seem like a VC hypergrowth story?

jdminhbg 5y ago
OP mentioned specifically VC-backed sea floor mapping companies; I assume those plan to monetize via natural resource drilling.
- mhb_eng 5y ago
  For seafloor mapping, the other opportunity is in wind power, which is actually a reasonably compelling market