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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 realestate in the city. I have been reading Fred’s blog AVC for about a decade now.
Well, this past week, the company came out with an indirect response to the latter in the form of a blog post written by its CEO Maju Kuruvilla. In other words, incumbents in some cases need fintechs even as they compete with them. Dallas-based Backflip raises $8 million seed for local realestate investment financing.
And I published this on my own startups blog. Because people don't love the incumbent right now. So if you're searching for a realestate Boston or something like that, it'll look at all the pages that's indexed. It's like, okay, well, these set of pages are about realestate in Boston to varying degrees.
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