Meditations: A Requiem for Descartes Labs (opens in new tab)

(philosophygeek.medium.com)

7 pointsugwigr3y ago4 comments

4 comments

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.

philosophygeek3y ago

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.

badcppdev3y ago

That is a super fascinating story with a lot of insight into the internal operations of a well-funded VC startup.

philosophygeek3y ago

I wrote this. AMA :)

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4 comments

gammarator3y ago

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.

philosophygeek3y ago

badcppdev3y ago

That is a super fascinating story with a lot of insight into the internal operations of a well-funded VC startup.

philosophygeek3y ago

I wrote this. AMA :)

j / k navigate · click thread line to collapse