"1 to 1000" | Scaling Startups with CEOs cover image

E9: Henry Ward on Navigating the Startup Idea Maze and Building to Scale

"1 to 1000" | Scaling Startups with CEOs

NOTE

Automating Services Industries with Technology

The key strategy is focusing on services industries with commoditized products differentiated only by brand, like cap table management. By introducing technology into these markets traditionally served by services, such as legal firms managing cap tables manually, a differentiation is achieved. This approach allows charging competitive prices as software costs are deflationary compared to labor costs, leading to significant profit margins. By automating services like 49A industry and fund administration, which have high labor costs, the company can offer better, faster, and cheaper solutions than traditional service providers.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner