3 ms·

My experience is that you are either in/will be in the vc space - or you are in a specialized/regulated industry (finance/health) or you are a consulting firm.

• bruce511 3y ago
  I guess that's a limit of your experience :) I'm in a space that doesn't remotely interest VCs, it's not a regulated industry, and we're not a consulting company. Actually we're in 3 such spaces. I also teach other (working) developers and while some are in health care the vast majority are unregulated. But to be fair, you've likely never heard of us, or our ilk. We do the boring office software that underpins every boring industry. We're not self-driving cars or exoskeletons, we're data in, data processing, data out. Our market isn't sexy enough, or wide enough for VCs, we don't need millions of $ anyway, so we've never bothered to ask for it. We do boring things like make a profit, and fund growth out of cash-flow. We hire slowly, and we don't do layoffs. We have lots of competitors just like us.
  • lumost 3y ago
    A good test for me of whether you are a consulting firm is “how many customers do you have?”, “How many of them provide significant revenue?”, “how much work serves only one customer?” There are many boutique SaaS firms - but if you only have a few customers, the business looks more like an outsourced internal team then an independent concern. happy to be proven wrong on this point, would give me some ideas for my career :)