2012 capital incumbents innovation 
Tomasz Tunguz
OCTOBER 21, 2017
In 2012 ChiefMartec landscape counted 350 vendors selling to sales and marketing. Incumbent client/server technologies have lost their market dominance to new incumbents. Incumbent client/server technologies have lost their market dominance to new incumbents. Today, that figure is 5000.
TechCrunch
APRIL 7, 2021
Founded in 2012, Chicago-based Avant started out primarily as an online lender targeting “underserved consumers,” but is evolving into digital banking with this acquisition. The company notched gross revenue of $265 million in 2020 and has raised capital over the years from backers such as General Atlantic and Tiger Global Management.
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TechCrunch
AUGUST 4, 2022
Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs.
Haystack
JUNE 5, 2018
Not yet profitable but invaluable to developers worldwide, the decade-old company bootstrapped, differentiated from formidable competitors GitLab and Atlassian’s BitBucket, weathered leadership upheavals, and eventually ingested lots of venture capital which helped them weather the challenges they faced. 5/ “Decentralized Everything?”
TechCrunch
MARCH 30, 2023
payments landscape is currently dominated by legacy and new-age incumbents, and we know competition would ultimately deliver better outcomes for consumers. We’ve launched five products in recent months and have a strong pipeline planned as we continue to innovate to better serve our merchants. How many employees do you have?
Tomasz Tunguz
JULY 13, 2015
Where are founders finding unique opportunities to innovate? Each year, starting in mid-2012 through mid-2015, these sectors have grown their investment dollars by more than 145%, according to Mattermark data. The rest of the list controverts the notion that startups and investors pursue only incremental innovations.
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