NorthStar: Alex Moss on Pivoting a Consulting Business to a Product
Aug 9, 2022
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Explore Alex Moss's journey from security consulting to building NorthStar, focusing on pivoting a consulting business to a product. Highlights include automating security tasks, vulnerability prioritization, and the evolution of the company focus. Also, learn about the challenges of transitioning from employee to entrepreneur, evolving North Star into a product-driven platform, and strategizing product roadmap and hiring for growth.
Successful pivot from consulting to product by prioritizing development over consulting services.
Utilizing diverse experiences to deeply understand customer needs and guide product development.
Emphasis on data aggregation for comprehensive risk analysis and automation to enhance vulnerability management efficiency.
Deep dives
Transitioning from Consulting to Product Focus
Alex Moss and Sarah transitioned NorthStar from a consulting firm to a product-focused company successfully by keeping consulting and development arms independent. They pivoted to prioritize the product aspect over consulting, addressing the challenges faced by cybersecurity consulting companies. This transition was marked by a significant shift to a risk prioritization platform, driving the company's growth and differentiation.
Diversifying Backgrounds Benefit Business Evolution
Alex's varied background in security consulting, contracts management, and operational roles provided valuable insights for NorthStar's evolution. The experiences in different domains allowed him to understand customer needs deeply, guiding the development of the product. By bridging insights from various sectors, NorthStar gained a holistic perspective essential for effective cybersecurity products.
Importance of Data Aggregation and Risk Contextualization
NorthStar's product prioritizes data aggregation from diverse sources like SIM, Tanium, and XDR solutions. This data mix leads to a contextual inventory for security, enabling users to understand the technical risks comprehensively. The platform's aim to automate manual processes like data deduplication enhances efficiency and effectiveness in managing vulnerabilities and exposures.
Strategic Roadmap and Investment Plans
NorthStar's roadmap focuses on advancing risk-based vulnerability management, threat intelligence integration, and innovation in deduplication processes. Strategic efforts aim to empower users with self-reliance while maximizing the platform's value proposition. The company's intent to seek investment by building on existing revenue and expanding the development team underscores a commitment to growth and market readiness.
Continued Hiring and Future Growth
NorthStar remains open to hiring driven by talent and cultural fit, emphasizing growth opportunities for development roles. The company's planned investment aims to accelerate product development and sales expansion, aligning with the evolving market demands and customer needs. With a focus on understanding and addressing customer requirements, NorthStar is poised for future success in the cybersecurity product landscape.
Co-founder and CEO of NorthStar, a risk-based vulnerability management platform
Extensive experience in consulting both in security and contracts management (when he had to leave security to avoid a conflict of interest while building NorthStar after hours)
Check out the episode for our discussion on pivoting a consulting business and risk contextualization.
Links:
https://www.northstar.io/
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