Startups
Acquisitions / Media / Software

Crossbeam’s Bob Moore on learning ‘your place in an ecosystem of tech partners’

The founder wrote about what he learned when he watched a former competitor get acquired by Google.

Bob Moore. (Courtesy photo)

Bob Moore has learned some lessons from what he calls his “$2.6 billion ecosystem fail.”

Now CEO of Crossbeam, Moore led his two prior startups to acquisition — RJMetrics in 2016 and its spinout, Stitch, in 2018.

He and cofounder Buck Ryan started working on Crossbeam, the 2019 RealLIST Startups list topper that describes itself as “LinkedIn for data,” in 2018, and by August 2019, announced a $12.5 million Series A, and was in the process of hiring a slew of new employees.

But in a recent blog post, Moore gets real about the experience of watching former competitor, Looker, get acquired by Google for $2.6 billion this past summer. Looker had a great product and a first-class team, Moore wrote, but he was still disappointed: “We had all of those things plus a four-year head start,” he wrote.

Ultimately, though, the acquisition taught Moore about a company’s place in an ecosystem, he wrote. That understanding is likely just as important as the product itself.

“Looker placed itself at the center of a massive ecosystem, while RJMetrics operated as a silo. They made other products more valuable, and we were where your data went to die,” Moore wrote. “What felt like a strategic advantage — we were a one-stop shop, the only thing you would need — ended up being our downfall.”

Here are four things the founder said a company needs in order to “be a player in an ecosystem”:

  1. You have more than one partner.
  2. You and your partners share data bi-directionally.
  3. Your partnerships team is not in a silo.
  4. You start with one core feature and rely on APIs.
Read the full story
Companies: Crossbeam / Stitch, Inc. / RJMetrics

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The Trump rally shooter perched on a building owned by American Glass Research. Here’s everything we know about it.

Here’s how the global tech outage impacted many of the vital systems across the mid-Atlantic region

Inside Philly City Hall’s new $6.85M lighting system, with hundreds of LEDs that dance with color

Inside Philly's plan to provide free Verizon internet at 183 rec centers

Technically Media