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Preparing for fintech’s second decade: 4 moves your firm must make now

TechCrunch

Companies such as E*TRADE, Rocket Mortgage, and TurboTax began to disrupt the established financial services sector well before 2012, but that year marked the turning point when fintech morphed into a sustained movement that would drastically change how most people manage their money. Here are four steps you can take to remain competitive.

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Garry Tan is the next president and CEO of Y Combinator

TechCrunch

Beyond co-founding Initialized, which raised a $700 million fund (its sixth) last year and has over $1 billion in known assets under management, Tan was also co-founder of YC-backed blog platform Posterous, which was acquired by Twitter in 2012. Since inception, my goal has always been for Initialized to outlive its founders.

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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Sam also had a vision as early as 2012 about how MakeSpace would be a large employer of middle-income jobs: The company would hire employees rather than just have contractors and he would lead the effort to ensure they had opportunities for growth and benefits for their families.

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Bridgit secures $24M CAD in funding to provide construction companies with ‘workforce intelligence’

TechCrunch

CEO Mallorie Brodie and COO Lauren Lake founded Bridgit in late 2012 with the mission of helping construction companies maximize profits “by taking a people-first approach. Given the added pressures of the labor shortage that the industry is facing, building a proactive ‘people strategy’ is top of mind for builders across North America.”.

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The market has changed, but super-voting shares are here to stay, says Mr. IPO

TechCrunch

Yesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company’s day-to-day operations, though they are retaining their board seats. There have been cases where an activist hedge fund is saying, “We don’t think you’re pursuing the right strategy.”

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Upfront Ventures Adds Hamet Watt as New Investment Partner

Both Sides of the Table

At every entrepreneur event I through between 2008-2012 I invite Hamet because he was a great mentor for entrepreneurs. Hamet is an extension of this strategy. While I or other full time partners may sit on the boards of 8-10 companies each Hamet will sit on the board of 4-5. I stayed close. He will be a venture partner.

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Exotel raises $40 million for its full-stack customer engagement platform

TechCrunch

“The importance of having effective communication strategy is increasing over time and Exotel executed this successfully by powering communication to almost all internet unicorns in India,” said Puneet Kumar, managing director at Steadview Capital, in a statement. Others in the sector too got similar scares.

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