SineWave Founder & Managing Partner Yanev Suissa writes in CrunchBase News: “VCs, Don’t Ignore The Public Sector. It’s The Key To Supercharging Growth”
We’ve reached a point when venture capitalists and their limited partners must capitalize on the rise of the public sector as a key revenue driver of commercial startups.
If you look at the most successful enterprise tech exits in the venture world, you’ll notice that the public sector is almost always one of the top three verticals driving their revenue. The public sector is effectively another Fortune 500, with several hundreds of billions of dollars spent on new technology every year—as a customer and as a tool for driving innovation.
The public sector has the ability to add significant upside to venture capital returns, but unfortunately, most investors are woefully ill-equipped to navigate it.
Read the full article here.