I want to split SMB in American terminology into two categories - small businesses ($0-10M) and Mittelstands ($10M-$1B). My focus is the latter.
SpaceX is $2B+ in revenue in 2019, so they're a little out of this range, but many of their suppliers are definitely Mittelstands.
Yes, this is a reaction to "unicorns" for sure. I'm arguing that there's great value for founders and investors in Mittelstands.
I want to split SMB in American terminology into two categories - small businesses ($0-10M) and Mittelstands ($10M-$1B). My focus is the latter.
SpaceX is $2B+ in revenue in 2019, so they're a little out of this range, but many of their suppliers are definitely Mittelstands.
Yes, this is a reaction to "unicorns" for sure. I'm arguing that there's great value for founders and investors in Mittelstands.