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SaaS vs Consultancies
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Estimated read time: 3-5 minutes
News stories: (1) Skyflow raises $30M (TechCrunch) (2) Amazon Invests $2.75 Billion More in AI Startup Anthropic (WSJ)
Startup info: Service and products
Resources: (1) Product video (2) Steve Blank (3) Podcast (4) Unicorn board (5) How enterprises are building and buying AI
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News
1) Skyflow raises $30M more as AI spikes demand for its privacy business (TechCrunch)
“Its growth will provide us a window into how quickly enterprise demand for LLMs expands.” (TechCrunch)
2) Amazon Invests $2.75 Billion More in AI Startup Anthropic (WSJ)
“Anthropic, which was founded in 2021, offers an AI assistant called Claude that competes with OpenAI’s ChatGPT.” (WSJ)
Services and Products
A thought that has come up a couple times is the difference between creating a profitable product or software service, compared to a human based service, i.e. design, consultancy, etc.
In the startup world something like a consultancy is typically seen as less desirable, which makes sense. It usually isn’t very scaleable or as profitable as something like software.
I came across a semi-viral tweet by @Peter, an investor in “B2B SaaS, fintech, AI @m12vc. He notes he was impressed by the fact “that one of the companies with the most revenue from generative AI is a consultancy: Accenture” with “$600M booked this quarter, on track for $2.4B annualized”.
In a similar vein, a popular design account, “Brett @ Designjoy” who often shares his high income figures, says “more people need to build services”, and how “everyone tries to build Saas”.
This simply serves as an observation of two types of business models, but not a recommendation that one is better than the other. Also, I should probably note the cyclical nature of something like consultancy.
Resources
StratupAI Generated Idea
The lack of efficient and sustainable building materials is a common frustration in the construction industry. Many traditional construction materials have a negative impact on the environment and are not cost-effective.
Disclaimer: The startup ideas shared in this forum are offered for general consideration and discussion. Individuals utilizing these concepts are encouraged to exercise independent judgment and undertake due diligence per legal and regulatory requirements.
Meme
I put together a collection of my top business memes. Brace yourself - these babies are loaded with some seriously hard-hitting truths! 🧵
— CJ Tkachenko (@cjaythecreator)
1:20 PM • Mar 27, 2024
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The startup ideas, strategies, and suggestions shared in this forum are provided for general discussion and informational purposes only. Any individual or entity considering implementing these concepts should exercise independent judgment and conduct thorough due diligence in accordance with legal, regulatory, and industry-specific requirements. Startup Strategist does not guarantee the accuracy, completeness, or suitability of any information shared. It is recommended to consult with legal, financial, and other relevant professionals before proceeding with any business ventures or decisions.