Both Sides of the Table

MARCH 25, 2016

So when Sam Rosen came to me with the idea of disrupting storage with a product that is priced cheaper than existing incumbents and he could build a product that is a better service I was intrigued. Incumbent Strengths & Weaknesses. So if you are then I have to ask myself, “What are the incumbents going to do when you grow?”

incumbents

TechCrunch

JANUARY 25, 2021

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

incumbents

abovethecrowd.com

NOVEMBER 14, 2017

He was named the venture capitalist of the year in 2016 at the TechCrunch’s annual Crunchy awards. Bill Gurley : Well, industries get more regulated and incumbents write the regulation. Bill is a general partner at Benchmark, one of Silicon Valley’s really legendary venture capital firms. Why will that happen?

health

Both Sides of the Table

FEBRUARY 24, 2016

million in funding on TechCrunch led by Harmony Partners and Upfront Ventures to double its footprint of 3 cities (New York, Chicago & Washington DC) to 6 in 2016. Incumbents became increasingly annoyed with our successes in the country’s largest market – NYC – that they started even taking out ads against us.

strategy

TechCrunch

AUGUST 10, 2021

billion as of this year and was declining slightly since 2016, IBIS World reported. Lisa Dolan, managing director at Link Ventures, said she found the company while examining web traffic data, where Breeze was listed among industry incumbents among consumers searching for disability. market for disability insurance was valued at $19.1

incumbents

TechCrunch

OCTOBER 27, 2021

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. The company’s “big focus is continuing the vision of transforming healthcare,” said Sid Viswanathan, president and co-founder of Truepill.

incumbents

TechCrunch

NOVEMBER 17, 2020

It’s now raised $103 million since its launch in 2016. “Forto has proven to be essential in a sector which is under increasing pressure amidst a global pandemic and is dominated by fragmented, non-digital incumbents,” added Michiel Kotting, partner at Northzone.

capital

Tomasz Tunguz

NOVEMBER 6, 2016

The exuberant acquisition environment should enable some early-stage companies to menace their incumbents and take share, as those behemoths are distracted by M&A. Many of the most of apparent and immediate opportunities in the software market have been filled by now SaaS incumbents.

SaaS

TechCrunch

SEPTEMBER 7, 2021

” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents. Whereas the incumbents mostly focus on USSD (although there are provisions to use applications), Wave is solely app-based. . Wave, however , wants to disrupt it. Both were Series C rounds.

investing

TechCrunch

NOVEMBER 22, 2021

The company, founded in 2016, provides 24/7 live chat and telehealth, ship-to-home prescriptions, vet-curated items in its e-commerce marketplace and educational content and programs. The San Francisco-based company previously raised $18 million in a Series B round in March.

capital

Haystack

JULY 20, 2018

More recently, this trend has shifted a bit within the Bay Area, which today’s giants like Uber, Airbnb, and Stripe being built in San Francisco proper while incumbents down south have begun scooping up premium commercial real estate in the city. Over the past two years, however, I’ve felt that something is out of balance.

investing

TechCrunch

MAY 19, 2022

When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in his country. “I I had a catastrophic relationship with incumbent banks.”. It was super expensive, and the service was terrible. ’” .

incumbents

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. Founded by Eytan Bensoussan and Justin Adler in 2016, the startup was born to serve small business owners such as barbers, mechanics and local restaurant owners.

capital

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. There is no question that fintech has exploded in recent years.

incumbents

AsiaTechDaily

OCTOBER 15, 2022

Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform. Ayoconnect’s vision is to drive financial inclusion for Indonesian consumers and SMEs working in conjunction with regulators and incumbent banks to facilitate this.

incumbents

TechCrunch

FEBRUARY 8, 2022

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. The first investment that 75% of our users have done was with less than $500.

investing

TechCrunch

JANUARY 11, 2022

But Novo sees incumbents as the real “challenger” here. Rangel added that its choice to build was partly done out of necessity, since in 2016 there weren’t many banking-as-a-service platforms to provide those APIs. “We are competing against big banks.

incumbents

AsiaTechDaily

MAY 25, 2022

Eyewear has to date been a very traditional industry with large incumbents, but is now ripe for a tech-enabled global transformation. Based out of Sweden and launched in 2016, NA-KD expanded to more than 100 markets and reached net sales of over USD 200 million in just five years.

investing

Hunter Walk

MAY 17, 2024

That is to say, I DMed her on Twitter in 2016, impressed by the work she was doing but without a preexisting relationship. Are there specific paths/opportunities in AI that you believe startups are actually better qualified to take advantage of than incumbents? KS: Isn’t this the trillion-dollar question?

founder

TechCrunch

NOVEMBER 16, 2020

Founded in 2016 and backed by investors including Y Combinator, UpCodes offers two main products, a database of state building codes that is available on a freemium basis, and UpCodes AI, which scans 3D building models for potential code violations. Property data, statistics and other kinds of government data can also support new businesses.

startup

TechCrunch

JANUARY 19, 2022

There are many ways of spinning up a startup, but it takes a particularly brave set of founders to take on a deeply entrenched industry with a small number of incumbents who have the market all sown up. “We’ve been working on this speaker technology since 2016.

startup

TechCrunch

SEPTEMBER 30, 2022

Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade , and it hasn’t been alone in losing a lot of value and being eyed by peers and incumbents. If you’re an investor who’d like to participate in future surveys, fill out this form.

peer-to-peer

Tomasz Tunguz

JANUARY 14, 2016

In 2016, the question that will immediately follow, “What is your annual growth rate?” Inexpensive equity dollars enable capital-intensive companies to amass the warchest necessary to dethrone incumbents. 2015 is the end of an era, the era of startup growth at any cost. ” will be “What are your unit economics?”

real estate

TechCrunch

APRIL 7, 2021

Founded in 2016, San Francisco-based Zero Financial has raised $147 million in debt and equity , according to Crunchbase. The challenger bank was created to target millennials dissatisfied with the incumbent banking options. Those offerings include deposits, personal loans, credit cards and auto loans.

incumbents

Tomasz Tunguz

JUNE 11, 2018

The increasing competition amongst incumbents. The corporate tax holiday. The growing sizes of the software market. The desire for continuing growth. The pace of innovation within software. A vibrant public market that is continuing to price companies aggressively. EV/NTM revenues. SAP/SuccessFactors. Salesforce/Demandware. Oracle/Eloqua.

incumbents

TechCrunch

NOVEMBER 11, 2021

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. Hopley launched Root in 2016 to cater to this need. In Africa, one startup is carving a niche for itself. Jonathan Stewart joined as a co-founder leading sales and partnerships in 2018.

incumbents

TechCrunch

OCTOBER 13, 2022

Founded in 2016, with a team of about 250 people, Ayoconnect is currently working toward more financial inclusion for Indonesian consumers and SMEs. It works with regulators and incumbent banks, and was recently awarded a Bank of Indonesia (BI) Payment Service Provider Category 1 license.

enablement

Tomasz Tunguz

OCTOBER 16, 2016

2016 has been a volatile year. 2016 is on pace to match the past three years of software acquisition trends which vary from $64B-$70B. However, in 2016 the total number of acquisitions will likely fall by 40% from an average of 150 per year to 92. Major capital investments fell 55% in Q3. And how does it compare historically?

incumbents

Entrepreneur's Handbook

JUNE 21, 2021

Another example is Stone, a Brazilian fin-tech unicorn started in 2012, which disrupted the incumbents’ sales strategy by creating a hub-and-spoke model that deployed a passionate salesforce of “Stone Warriors” throughout the country.

startup

Tomasz Tunguz

MAY 3, 2016

But I do believe that they are the harbingers of a very active software acquisition market we’ll see in 2016 and 2017. Large software incumbents must bolster their product portfolios so their sales teams have new products to sell. Meanwhile, many of these businesses have substantial cash on their balance sheets.

SaaS

Tomasz Tunguz

JUNE 20, 2016

Subverting those incumbents is going to require a meaningfully better product or substantially more effective customer acquisition channel. Seed round volumes in 2016 have halved compared to 2015, but increased in median size by 40%. The overlapping logos in the Martech landscape visualize the lack of oxygen in some of these segments.

SaaS

TechCrunch

APRIL 27, 2022

This is a major round for the startup: Taxfix has raised around $330 million since being founded in 2016. That’s a sign of how there is not just incumbent marketshare to take away, but new users popping up all the time. Index led its Series C in 2020 ; Valar led a round in 2018 ). Turbotax, Intuit’s big product in the U.S.

incumbents

TechCrunch

APRIL 23, 2023

They also worked a lot on helping fintechs build partnerships with incumbent financial institutions — experience they plan to use to offer portfolio companies bespoke “Strategy Sheets” alongside term sheets. According to the CB Insights’ latest State of Fintech report , this is the first time that has happened since the end of 2016.

startup

Tomasz Tunguz

JULY 28, 2016

Through the end of July in 2016, $70B worth of SaaS companies sold. In 2016, these PE firms aren’t following that playbook. The 2016 software buying spree hasn’t benefitted private startups or unicorns yet, and that reflects the different strategies of the buyers.

SaaS

TechCrunch

JULY 25, 2022

As the founder of an infrastructure project that has been around since 2016, I want to remind you that web3 isn’t just a drop-down menu of features to be bolted on to your project. Does the ability to make users collective owners in the platform’s success give you an advantage over web2 incumbents? FOMO is real.

frameworks

TechCrunch

JANUARY 14, 2021

Founded in Gothenburg, Sweden in 2016, Minna enables customers to manage subscription services via their existing bank’s app. Sjöblom told me that by largely working with incumbent banks, Minna is providing them with a way to fight back against challenger banks. It has now raised $18.8 million (€15.5

technology

TechCrunch

APRIL 26, 2022

billion by 2025, a steep climb from $190 million in 2016. Call center service provider incumbents like Dialpad offer sentiment analysis features, as well, as do companies including Cogito , Saygent and SugarCRM. A 2019 Salesforce report found that 53% of service organizations expected to use chatbots within 18 months.

incumbents