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SMB

operations

+5

In SMB, hardware is the moat

Aug 2, 2026

•

1 min read

In SMB, hardware is the moat

Few would view laundry as a moated industry. But Alex Jekowsky found a way to combine software and data with hardware to build a scalable software app.

SMB

+1

36 million SMBs...but only ~$110k in EBITDA for each one

Aug 1, 2026

•

1 min read

36 million SMBs...but only ~$110k in EBITDA for each one

Private market investors brag about the abundance of opportunity within US SMBs compared to the relative paltry number of public companies (~4,000). But investors don't buy companies, really. They buy (future) earnings power. And that's where there's still relative scarcity in private markets.

Playbook

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