RonnieB

Great!

Agreed. I should have qualified my comment as you are here. Indeed, what I'm referring to is a systemic shift ie. visible easily across a landscape. In that context, I think my comments make more sense. But I'm thrilled to hear of your success! Please share any stories with us on Twitter @GovtechFund.

+1 to that. Marc and the entire team at SeamlessDocs are killing it. We're so proud to be investors there -- amazing company with tremendous impact. What more can we ask for?

I wish we could! Unfortunately Govtech Fund I is focused exclusively on US-based startups. This is purely a function of scale today -- as a $23M Seed/Series A fund, we just can't spread ourselves too thinly. But there WILL be a Govtech Fund II, III, IV, etc. down the road and I'd love for Brazil will be top of the list!

In any case, if you find yourself in the Bay Area, please drop us a line -- happy to grab coffee. In the interim, if we can ever be helpful, don't hesitate to ping! @GovtechFund on Twitter always a good way to reach us.

Indeed -- and this will be a topic for some follow up posts (if I can actually get the time to write them :) -- much of the govtech innovation is happening today at the municipal level. I would encourage you to start there as there are tens of thousands of potential customers. None of our companies contract, sub-contract, lobby, etc and sales are done directly to the departmental buyer.

The good news is that we're starting to see many of the same industry trends mentioned (eg. adoption of the cloud, new wave of gov't employees/buyers due to retirement cycle, riding the cost curve, etc.) at the State level but that will, in our estimate, take the next 5 years to mimic what we're seeing at the municipal level.

Re: the Federal level, our expectation is that we will see the changes start to appear 5 years from now. I know that's a little depressing but a $400 Billion global spend does not turn on a dime.

All of this to say: the govtech revolution is very real as we see from the performance of our startups but it's happening bottom-up not top-down AND this will be a multi-decade technology replacement cycle (not to mention the govtech transformation globally where time cycles will vary).

Honestly, not to sound like we're overhyping, but the rewiring of government is inevitable. The major tech trends are just too powerful in both the consumer and enterprise spheres to skip government. And frankly, we deserve better.

It's also why we're pretty sure there will be Govtech Fund II, III, IV... :)

Our 7 startups here at the Govtech Fund (@GovtechFund) have an average sales cycle of 86 days to 12K gov't agencies this past year.