We write from operations. Every position here is shaped by what we are seeing in the work — across five active verticals, on a single shared platform — and is meant to inform how NXT enters new industries, builds the software in step with how the business actually runs, with AI built in.
The durable moat in Vertical AI is the operator knowledge captured inside the customer's organization — structured, controlled, and made searchable. Everything else commoditizes on a twelve-month cycle. Captured knowledge is the one thing that compounds.
By Stayko D. Staykov · Managing Partner, NXT Companies
Read the position paper →The working operating thesis at NXT — written from inside the verticals rather than from a deck. Why the model is not the moat, why context is the asset, and why the portfolio compounds acress the portfolio.
Why the real story isn't market size — it's the creativity it unlocks underneath. The jobs debate has collapsed into all-or-nothing; the projects that actually last do something different.
Everyone is racing to deploy Agentic AI. Almost no one is doing the unglamorous work that makes it actually compound. A note on captured context as the asset, and why we build the repository before we run the agents.
Why the most durable vSaaS companies will be built by operators who earn the right to automate — not by technologists entering industries from the outside. On foxholes, fluency, and the intangible moat.
The foundational essay. True vSaaS requires immersion in the vertical it serves — and a development team that is, in essence, also a customer of the solution. On Constellation Software's Mark Leonard and the 'messy inbox' problem.