Outsourcing boosts startups’ appeal to VCs
KANSAS, UNITED STATES — Business Process Outsourcing (BPO) firm 1840 & Company believes outsourcing is the best solution for startups struggling to find funding from venture capitalists.
In a press release, 1840 & Company said that outsourcing enables startups to lower overheads and channel more resources into their primary operations, boosting their appeal to VC investors.
1840 & Company CEO Bryan DiGiorgio added, “This approach offers a concrete pathway to securing vital VC funding within the contemporary post-pandemic landscape, all while harmonizing seamlessly with the overarching emphasis on sustainable growth and profitability.”
High fixed costs are a hurdle for startups trying to showcase scalability. However, outsourcing can drastically cut these costs, free up capital, and tap into a diverse global talent pool.
As a testament to this strategy’s effectiveness, payment firm Deel saw its valuation surge to $12 billion by embracing freelancing.
1840 & Company added that outsourcing could help startups harness their full potential, aligning them with VC priorities centered on sustainability.
