Peoples Income Tax (PIT) was founded in 1987 by Chuck MCabe, who had the idea of creating a national tax franchise after an almost twenty-year career with H&R Block. His vision was to create an upscale mass market tax service that could compete with H&R Block on quality and certified public accountant (CPA) firms on
NY Times reports, “In a series of comments in recent weeks, Mr. Obama has begun to sketch a vision of where he would like to drive the economy once this crisis is past. His goals include diminishing the consumerism that has long been the main source of growth in the United States, and encouraging more
On our radar today is Sabrix, a transaction tax management provider. Based in San Ramon, California, Sabrix provides applications for businesses to calculate and manage their taxes. I have discussed the company’s combining domain expertise with technology before.
SM: Let’s start talking about PayCycle which is where you are now. This is your old team from Intuit, right? JH: The team I came to work with at PayCycle are all people I have worked with before except one person. I feel really lucky to be able to work with people I know. They
The trend question that Sabrix poses for VCs and other enterprise software entrepreneurs: are there other such deep domain knowledge based opportunities which may allow you to carve a niche for yourself, and has a sufficient TAM to be interesting to investors?
And for VCs, this is a shift away from very deep, defensible technology based investments to something that is perhaps not the most challenging technical problem to address. Domain expertise, however, is extremely defensible, especially when married with technology.