I recently talked to an investor who has spent more than 20 years investing in and working with early-stage SaaS companies. This VC has made more than 50 investments in software companies, has more than $250 million under management, and has a cumulative market cap well into the double-digit billions. Here are a few takeaways from our call that can help any software company looking to raise money and scale.
Over the past decade or so, the bulk of Point of Sale solutions have consisted of one of two flavors: PC-Based and embedded (cash registers, vending, kiosks, etc) applications. Not long ago, tablet-based POS providers started to enter the fray with simple, but intuitive applications running on aesthetically-pleasing platforms aimed directly at small merchants.