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Putting Data in a Corner: LLMs and Financial Services Data

Andreessen Horowitz

For new entrants looking to take advantage of the advent of LLMs and disrupt the status quo by going upstream of these incumbents, we’ve done a deep dive into Bloomberg, Morningstar, and Verisk’s stories. Lessons for Startups Bloomberg’s initial insight was to corner hard-to-access data and give it to customers in a usable format.

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India’s central bank cracks down on fintech startups

TechCrunch

For nearly all fintech startups, lending has long been the end game. Several startups including Slice, Jupiter, Uni and KreditBee have long used the PPI licenses to issue cards and then equip them with credit lines. India’s credit bureau data book is thin, making most individuals in the South Asian market unworthy of credit.

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A court decision in favor of startup UpCodes may help shape open access to the law

TechCrunch

This time, the ICC is suing UpCodes for false advertising and unfair competition, claiming that the startup’s copies of building codes are “incomplete and riddled with errors.” ” He added, “It’s a model of how open government data can drive new innovations and successful startups.

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The Amazing Power of Deflationary Economics for Startups

Both Sides of the Table

I have other areas of interest & competence such as cloud computing and document management given my background. Ones that offer amazing value (low relative margins) at high volumes that makes it nearly impossible for high-cost incumbents to compete. How does the incumbent respond? Why Deflationary Business Win.

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Brex: The Future of Business Banking and Cash Management

Y Combinator

When Henrique Dubugras and Pedro Franceschi joined the YC W17 batch with an idea for a VR startup, they quickly encountered a problem. Cards are particularly a must have for young companies because large vendors don’t often accept ACH and other forms of alternative payment from early startups.

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Brex takes a swipe at Concur with an expansion into travel

TechCrunch

Besides seeking to snag market share from incumbents such as Concur, Brex is also taking on startups such as Navan (formerly called TripActions) — which actually started its business focused on travel expense management before broadening its offering — and also Ramp, which itself expanded into travel last year.

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Why the File System Wars Will Trigger a Wave of Consumer M&A

Tomasz Tunguz

Incumbents and startups alike are duking it out. The startups, Dropbox and Evernote, reinvented the file system as a synchronized, cross platform file system abstracting the hardware and the data. The incumbents, Microsoft and Apple, leverage their own advantages heavily. And things are really starting to get interesting.