Andreessen Horowitz

FEBRUARY 29, 2024

A Great company has a strong, defensible business model that can win market share from incumbents. Below, we analyzed data from 77 US-based or -centric companies founded after 2000 that have a $5B+ market cap and highlighted what it takes to be Great by the numbers—and why growth is especially important on that journey.

incumbents 104

incumbents innovation advice opportunity 104

Both Sides of the Table

NOVEMBER 4, 2010

The thesis of the book is that incumbents in markets – especially large and well entrenched markets – seldom survive fundamental technology changes in their industries. It should affect how you think if you are an incumbent but also if you’re a startup. Let’s start with the incumbents position in a market.

incumbents 376

incumbents disruption frameworks innovation 376

TechCrunch

JUNE 24, 2022

Alomar led startups through the dot-com bust of 2000 and the Great Recession of 2008 and will talk about whether investors are still prioritizing growth over profits and how to identify the proof points founding teams must define before their next raise.

health 102

health mix-use incumbents transportation 102

Tomasz Tunguz

JUNE 7, 2015

The most recent landscape for marketing products totaled more than 2000 alternatives. So, it is incumbent for each startup to determine which of the disciplines is most important, given the goals and the stage of the business. I expect to see many more startups chasing CMO dollars.

SaaS 40

SaaS incumbents B2B marketing education 40

Tomasz Tunguz

JANUARY 14, 2016

Starting in 2014, and perhaps even a bit before, startups have been able to raise capital at better terms than at any time since 2000. Inexpensive equity dollars enable capital-intensive companies to amass the warchest necessary to dethrone incumbents. More money raised for less dilution.

real estate 40

real estate startup incumbents sustainability 40

OurCrowd

AUGUST 14, 2019

The decline doesn’t seem to be letting up in 2019, with retailers shutting down 23% more stores than they did at the start of last year (2000+ store closings), according to Coresight Research. Even well-established brands like Toys “R” Us and Sears are not immune to these trends, both declaring bankruptcy in 2018.

sustainability 51

sustainability incumbents strategy technology 51

Tomasz Tunguz

MAY 26, 2015

In 2000, the majority of tech acquisitions were primarily stock. As the cash balances of large tech incumbents balloons (Apple is at greater than $30B, Google at more than $65B, Microsoft has $95B, etc), more and more M&A is primarily cash, because cash is cheap and interest rates are low.

incumbents 40

incumbents startup capital founder 40