Tech companies

--- tags: Week 1, H3, M1 --- # Tech companies ::: info ❓ What is a tech company? 🤔 Is there a standard definition? ::: <img src="https://media3.giphy.com/media/Yycc82XEuWDaLLi2GV/giphy.gif?cid=ecf05e47h8co5uje5i1vnytgl71nl13uj2x63uy6llcb3njc&rid=giphy.gif" width="300" />   **Not really!** Honestly, it depends on who you speak to. Some people will be very specific as to what constitutes a tech company. Others will tell you nowadays every company is a tech company. And it's not terribly important, so we encourage you to make up your own mind.   ## What do the experts say? Let's look at what some of the biggest authorities in tech have to say!   > "You are a technology company if you are in the business of selling technology--if you make money by selling applied scientific knowledge that solves a concrete problem." > > Alex Payne, Co-Founder, Simple   > "It's generally a company whose primary business is selling tech or tech services. A more nuanced definition is a company with tech or tech services as a key part of its business. It's a hard question." > > Todd Berkowitz, VP of Research, Gartner   > "A tech company uses technology to create an unfair advantage in terms of product uniqueness or scale or improved margins. Ask the question: Could this company exist without technology? If the answer is no, it has to be a tech company." > > Greg Bettinelli, Partner, Upfront Ventures   > "I think there's a false dichotomy in the idea that a company either is or is not a tech company. I think it's possible for a company to be a hybrid if tech is giving it an edge over incumbents." > > Hayley Barna, Venture Partner, First Round Capital   What do you think? Feel free to share your thoughts with us! Now time for a short quiz before we move on to "How are tech companies structured" 🚀 <style> body > .ui-infobar, body > .ui-toc, body > .ui-affix-toc, body > .ui-community, body > .document-footer { display: none !important; } </style>