Lightspeed POS Files for IPO But Has Not Learned Industry Lessons about Focus

hose who cannot remember the past are condemned to repeat it.
So said George Santayana, a Spanish essayist in the early 1900’s. George’s comments are undoubtedly overlooked throughout the annals of history but we can’t be too hard on past transgressors: information was hardly well documented until the 18th century, and the original learning opportunity often fall many generations in the past.
Which is what makes Lightspeed POS’s impending blunder inexcusable.
Lightspeed originally followed industry best practice when it came to augmenting their POS with non-core offerings: they partnered with a third party and white labeled the result. But somewhere between then and now Lightspeed has veered from this path, and it has dangerous consequences.

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