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My First 16: Competing in a Crowd of Incumbents with Mercury’s Immad Akhund

Andreessen Horowitz

In this episode, a16z partner Seema Amble talks with co-founder and CEO of Mercury Immad Akhund about the idea of a minimum delightful product in fintech, doing the spreadsheet math on unit economics early on, and how to compete in a category already filled with incumbents. When I first started in 2006, everything was really bad.

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Sweden-based digital bank Northmill raises $30M

TechCrunch

As it stands, 2006-founded Northmill is available in Sweden, Norway and Finland, where it competes with incumbent banks with physical branches and the likes of Lunar, Revolut and Klarna (which operates as a bank in its home country of Sweden, and Germany). Next stop, Norway.

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Why so many SaaS companies are launching their own media operations

TechCrunch

In 2006, Hubspot launched as a way to take advantage of the trend, giving marketers a platform designed to get inbound leads via blog posts. And, can startups imitate the sort of content production we’re seeing at incumbent SaaS companies? But why is it happening? It’s time for richer content.

media 98
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Software Engineer Turned Youtuber – Jarvis Johnson

Y Combinator

Jarvis Johnson [00:54:57] – Yeah, that was like, 2006, 2007. It’s kind of whenever there is like an incumbent, and then somebody new coming in, there’s all this energy towards keeping the incumbent in power, and that’s what I feel with, that’s kind of how I feel about YouTube and traditional media.

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A Rake Too Far: Optimal Platform Pricing Strategy

abovethecrowd.com

Booking.com was not always the online leader in Europe – in fact they were a disrupter stealing the flag from other large incumbents. In 2006, Benchmark started spending time with Gary Swart and the team at oDesk. In the late 1990’s companies like Expedia and Travelocity had become enamored with what is known as the “ merchant model.”

strategy 101
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Why Draper Esprit doubled down on its status as a publicly listed VC

TechCrunch

Stuart Chapman: I co-founded Esprit with Simon Cook back in 2006, and after a 10-year journey of raising conventional funds, we were coming to the point of raising our fourth fund. You have large incumbents with very outdated systems, but a very loyal and a very high degree of trust customer base.

VC 102
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HubSpot CEO and Cofounder Brian Halligan with Wufoo Cofounder Kevin Hale

Y Combinator

Brian Halligan [17:10] – Yep, if I thought there was, the arbitrage opportunity when we started HubSpot in 2006 was generating leads online. What’s fascinating to me about my mornings is those six startups, and they are startups, are all very much part of my life and have completely disrupted the incumbents in those space.