Remove 2013 Remove capital Remove incumbents Remove pitching
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Together raises $20M to build open source generative AI models

TechCrunch

There’s scores of competition, including incumbents like OpenAI and Anthropic. “Together is spearheading AI’s ‘Linux moment’ by providing an open ecosystem across compute and best in class foundation models,” Lux Capital’s Brandon Reeves told TechCrunch via email.

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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. billion, had cut 10% of its staff.

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How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

TechCrunch

Instead, the challenge was how to rebuild the concept of a bank in a country where banking is widely hated, all while the incumbents heavily entrenched with the state worked to block every move.

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The Interchange: Venture’s mixed signals

TechCrunch

Then the next, I open my inbox to see pitches for nine-figure funding rounds (hello, SpotOn ) and the birth of new unicorns (looking at you, Unit ). The drama between Plaid and Stripe continued this week with the former announcing an expansion outside its core offering of account linking for the first time since its 2013 inception.

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Extra Crunch roundup: Fintech stays hot, Brex doubles, and startup IRR is up all over

TechCrunch

The data is based on a sample of 2,500 companies that have used AngelList to syndicate deals from 2013 through 2020. Raising capital for a new fund is always hard. In this exciting moment, when younger founders will likely receive more attention, capital and control than ever, it’s crucial to avoid certain pitfalls.

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