Re:Meditations: A Requiem for Descartes Labs
by gammarator on Friday August 05, 2022 @12:46PM
(#32358639)
Key takeaway for me when thinking about other remote sensing companies is this:
> Our investors wanted us to be a SaaS company with SaaS metrics and SaaS growth. We simply were not. We should have structured our entire business around being a high-end consulting company.
Re:Meditations: A Requiem for Descartes Labs
by philosophygeek on Friday August 05, 2022 @01:20PM
(#32359095)
Hey, I'm the founding CEO who wrote the article. I hold some of the blame here too for trying to read the market and be something that we weren't. When you hear lots of people raising at 20-30x their ARR, it pushes you as a founder to try to paint a picture of your company through that lens. However, I currently don't see the possibility of anyone in geospatial being widely-used software.
> Our investors wanted us to be a SaaS company with SaaS metrics and SaaS growth. We simply were not. We should have structured our entire business around being a high-end consulting company.