Bid: Services firms struggle to scale when splitting focus with proprietary IP
Mitul Bid · Secret Dev Shop Top SaaS Founders Use Breaks $10m in Revenue · Apr 26, 2021 · at 4:42
Mitul Bid, founder of engineering agency Koditas, discusses why attempting to build proprietary software products while offering services undermines agency growth.
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“That's the biggest problem by a lot of software services companies are not able to, you know, scale well because they are always in two minds. They want to build their own IP. And they want to offer services. I saw it as a conflict of interest.”
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More from Mitul Bid
Bid: Koditas owns zero intellectual property to avoid conflicts of interest
“We have zero IP even today. We have lots of things which are repeatable, reusable. We do not claim the IP. I just see it as a conflict of interest.”
Bid: Koditas charges up to a year of billing for developer buyouts
“I wouldn't allow you to transfer them for the first one or two years, right? And after that, it will be relatively high. I typically would take a fairly minimum six to 10, one year of a billing kind of thing to execute that.”
Bid: Koditas grew revenue to nearly $2M in 2015 and 50%+ annually
“It grew to almost two million. And then since then it has been growing on year on year, more than 50% or at least, you know, a quarter of 50% on average.”