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After selling Bread last year for over $500M, this founder just raised millions for his new fintech startup

TechCrunch

But Simon argues that the companies that sell such cards were founded decades ago with very little innovation since. The space is one of those massive unsexy categories with huge incumbents that most people have never heard of but customers — who are forced to use them — universally despise.

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Kettle books $25M for its reinsurance platform against fire and other catastrophes

TechCrunch

“It’s the classic innovator’s dilemma.” This is a huge business, typified by incumbent behemoths like Lloyd’s of London, who in theory mitigate the risk insurance companies face when they get the formula wrong. “The industry hasn’t updated,” he said. That can be a truly life changing thing.”

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Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

TechCrunch

Full Extra Crunch articles are only available to members. In the United Kingdom and Europe, government innovation programs have helped entrepreneurs close higher numbers of Series A and B rounds. Rapid shifts in the way we buy goods and services disrupted old-school marketplaces like local newspapers and the Yellow Pages.

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The Surest Sign You’re Winning is When Goliath Takes a Swing at You

Both Sides of the Table

I’ve been involved with several startups where a giant incumbent attacks you and tries to sue you out of existence. This Goliath imposed fight by ADT is particularly annoying for me because Ring is literally my family’s single favorite tech innovation of the past several years. The first instinct is fear, then dread, then panic.

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Why Hulu is the OPEC of Online Video

Both Sides of the Table

This article originally appeared on TechCrunch. The formation of Hulu was defensive – designed to stop another YouTube or Napster from emerging and causing disruption to the TV industry. But this Innovator’s Dilemma restricts them from having as useful of a service as they otherwise might.

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History of The MP3

Unvalidated Learnings

As such, the history of the MP3 gives an excellent framework to anticipate how disruptive 10x innovations impact a market, and who the winners and losers of such breakthroughs will be. The MP3 is a perfect case study of Innovator’s Dilemma. incumbents simply did not have the right teams to adapt to the changing environment.

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America Needs More Techno-Optimism

Andreessen Horowitz

In this fireside chat from the American Dynamism Summit , a16z Cofounder and General Partner Marc Andreessen sits down with economist, podcaster, and polymath Tyler Cowen to discuss the state of innovation in America, from recent AI advances to growing support for nuclear power. And so I would put that in there. Not all, but most.

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