#SFSNYC VIDEO: The Next Billion-Dollar Exit in Hyperlocal
With Google’s acquisition of Waze earlier this year, local tech is back in the limelight. During a panel at Street Fight Summit in New York last month, Matt Turck of First Mark Capital, Ben Siscovick of IA Ventures, and Jason Klein from OnGrid Ventures discussed where the best investing opportunities are these days in the local.
At a high level, panelists agreed that there’s a massive opportunity for technology companies to bridge the online and offline worlds, bringing capabilities which have traditionally only been available to companies on the web such as a analytics, to the local marketplace. Panelists pointed to renewed interest in the software-as-a-service space, highlighting a growing sector of startups that help bring enterprise software to small business.