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# System prepended metadata

title: Tech companies
tags: [Week 1, ' M1', ' H3']

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tags: Week 1, H3, M1
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# 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" />


&nbsp;
**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.
&nbsp;
## What do the experts say?
Let's look at what some of the biggest authorities in tech have to say!

&nbsp;

> "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

 &nbsp;

> "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
 
&nbsp;
> "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

 &nbsp;

> "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

&nbsp;

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" 🚀


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