Why We Invest Before the Market Notices
Why We Invest Before the Market Notices
The Strength of Boring Companies
Apr 4, 2025
Apr 4, 2025
3 min read
3 min read
Boring Is Often Misunderstood
In the startup world, “boring” is usually a dismissal — code for industries that lack glamor or virality. But some of the most enduring companies were called boring before they were obvious.
Waste management. Freight optimization. B2B back-office tooling. These aren’t buzzwords — but they are billion-dollar categories, hiding behind complexity or apathy.
The truth is, “boring” usually means overlooked. And overlooked markets leave room for pricing power, loyal customers, and less competition.
Complexity Becomes a Moat
Many boring categories are hard to enter for a reason — regulation, legacy contracts, fragmented data, outdated infrastructure. They repel shallow builders.
But for founders who are willing to do the hard work — to study compliance, talk to operators, reverse-engineer dusty systems — those barriers become moats.
The deeper you go into a “boring” space, the more nuanced your insight becomes. And nuance, at scale, compounds into dominance.
These Markets Don’t Move Fast — Until They Do
One reason founders skip boring markets is that they seem stagnant. Nothing changes for years — and then, suddenly, everything does.
Digitalization hits. A key player exits. Legislation shifts. And the few startups who’ve been quietly building in the shadows are suddenly in prime position.
We look for founders who understand timing not just in months, but in decades. Because when the market finally turns, there’s no time to catch up.
Founders Build Differently in Boring Spaces
When you’re not chasing headlines, you focus differently. You’re not optimizing for virality or MVP hacks. You’re solving a real, painful problem — often one you’ve lived.
Founders in these spaces tend to be more obsessive, more operational, and more pragmatic. They aren’t trying to raise fast — they’re trying to work.
That mindset builds culture. And culture in these companies isn’t performative — it’s functional, persistent, and resistant to trend decay.
Conclusion
Share this Dispatch
Share this Dispatch
Share this Dispatch
Share this Dispatch
Enable Dispatch Uplink
Notes from the frontlines of digital advantage, venture, and scale.

Enable Dispatch Uplink
Notes from the frontlines of digital advantage, venture, and scale.

Enable
Dispatch Uplink
Notes from the frontlines of digital advantage, venture, and scale.

Enable
Dispatch Uplink
Notes from the frontlines of
digital advantage, venture, and scale.















