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This is often seen in ad tech or any type of optimization technology. Consider whether your startup is differentiating on pricing to compete with an incumbent, or if you’re selling a superior product at a premium, in which case using the same pricing model with higher fees reinforces your brand positioning.
One of the most influential books of my career is The Innovator’s Dilemma by Clay Christensen. I cannot recommend it enough for people in the technology or media sectors. Reading it felt like read a university book for an economics class and no wonder since he’s a professor at Harvard Business School.
For years, the prevailing narrative for innovation in supply chain has focused on the disruptors: Upstarts that enter the industry with new technologies and business models to displace incumbents. Enablers take on the unglamorous role of helping incumbents stay relevant. The quiet engines driving transformation.
They point out perceived market risks, they might question the management team’s experience, they might worry about regulatory risk or incumbent competitive powers. One such theme was “water conservation” and we morphed it into a broader theme of agriculture technology or “ag tech” for short.
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. In doing so, each built the beginnings of what are now category-defining businesses.
Yet, technology adoption within the real estate community as a means to fundamentally disrupt how physical assets behave and how transactions occur was lagging up until the last couple of years. quickly making real estate technology one of the fastest growing venture asset classes. The connective thread here is the use of technology.
The technology just wasn’t there. You can actually look at a lot of social networking technology as if it’s almost an alternative to AI. Everyone has their own special technology that they can add to the models. I remember trying to build some AI products in college, and it was just very difficult. Adam: Mm-hmm.
Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.
USV’s Albert Wenger has been writing his book, World After Capital , which lays out the argument that money is no longer the scarce asset driving the economy, but rather, it’s attention. They’ll have to back up the truck for their best companies, take acquisitions off the table, and go right after the incumbents head-on.
As such, companies that offer that technology to merchants are unsurprisingly growing more competitive with each other. This past week, San Francisco–based Affirm announced it was making its buy now, pay later technology available to U.S. Buy now, pay later has become nearly ubiquitous here in the U.S. Case in point.
funds with an angle on technology. I think where we are very different is where we get confused with the more technology transfer shops. You have large incumbents with very outdated systems, but a very loyal and a very high degree of trust customer base. It’s a] lucrative customer base that needs to adopt technology.
“Investors are putting a premium on growth in the context of profitability, and we’re growing exceptionally fast because we’re able to profitably serve customers who aren’t being well served by incumbents,” said Sean Harper, CEO of Kin. Kin makes homeowners insurance more convenient and affordable by eliminating the need for external agents.
Launched in 1987, the company provides hundreds of transportation and hospitality providers with inventory management and booking services. “As your technology becomes more dated, you too will have to make similar decisions.” ” Thanks very much for reading — have a great weekend! Walter Thompson. yourprotagonist. .
“Having worked in hardware and software we had the opportunity to experience both ecosystems and knew how easy things could be when technology bridges gaps between ideas and scale,” said Gulley. The next wave of supply-chain innovation will be driven by startups that help incumbents win.
How An Algorithm Transformed The Music Industry And Created The Mobile & Social Web As the music industry recently announced its first annual revenue growth after 15 years of uninterrupted contraction, I thought it was a good time to share some of the things I learnt from reading Stephen Witt’s book How Music Got Free.
” Founders : Tobi Ololade, the CEO, was the chief technological officer of TradeBuza, a data and API infrastructure for agriculture finance. The only worry is incumbents might want to eat into Duplo’s meal — but then again, the market is massive. Touch and Pay Technologies. YC-backed Duplo raises $1.3M
Siegel’s recent book, THE BRAINS AND BRAWN COMPANY: How Leading Organizations Blend the Best of Digital and Physical , explores how (and why) many business owners in digitized industries overlook and underappreciate traditional competencies like logistics, manufacturing, customer service, and quality control. Can you tell us more?
Marc: Yeah, so there’s a great kind of breakdown on adoption of new technology that the science fiction author, Douglas Adams, wrote about years ago. He says any new technology is received differently by three different groups of people. What’s the most surprising way in which it will be different?
If it were a human, it would be addicted to technology (which it is) and starting to get an attitude (again, yes). Remember to book your tickets to the show today before prices go up $1,100. . Disrupt is turning 12 years old. We have lots more news and speakers to share in the coming weeks, but here is a first peek!
So if Internet and mobile technologies can be used to change real estate or transportation, why not healthcare? ” It’s worth noting that our primary focus was on technologies that aided and improved primary care, which is about half of the U.S. ” What’s interesting about the book is David’s an outsider.
Try to imagine if you *didn’t* already know Amazon and the company walking into VC meetings telling people they were going to disrupt the selling of all goods starting with books but then extending into electronics, apparel, toys and so forth. The value prop is pretty clear. We have an amazing team of W2 drivers in NYC, Washington D.C,
In partnership with Forbes, Brody produced a documentary series and is writing The Great Re:Write , a book based on it. It’s not about technology and it’s not about business models, but it’s about us,” Brody continues. Reinvent your incumbent enterprise before you’re disrupted by another, or you risk becoming obsolete.
And in all those cases, big old incumbents like ICC will try to find ways to slow down their new competitors.” In 1980, BOCA sued private publisher Code Technology for publishing and selling its own edition of building code that was adopted by Massachusetts. The First Circuit court ruled in Code Technology’s favor.
Articles from the episode: A third straight week of tech layoffs in the books. It’s Monday, which means that Alex and Grace were back as a team to cover the biggest, boldest and baddest technology news. Things aren’t looking good for the model that once challenged the incumbency of SaaS.
Most frequently people use this phrase in association with personal technology devices (heart-monitors, exercise accessories, sleep monitors, etc) that allow consumers to take direct control of their health information. How far in advance do you have to book an appointment ( the average is 24 days )? Technology to the Rescue?
Innovator’s Dilemma – In his seminal book, “The Innovator’s Dilemma,&# Clay Christensen talks about why industry leaders almost always fail to act when “disruptive change&# enters their business. Incumbents can’t react. If you haven’t read his book please do yourself a favor and buy it.
Fewer than 300 pages, the book parachutes the reader immediately into a cab journey in Ireland that Boden is taking post-financial crisis, when bankers weren’t exactly close to the public’s heart. Anne Boden: As you know, I’ve already done another book, “The Money Revolution.”
And you can learn a lot of what you need just by reading the top three books on it and just practicing the craft, right? And what I found is that a lot of people who are technical that ended up being successful, they never stop loving kind of what's new, where technology is going, how behaviors are changing, that sort of thing.
– Startups booking sales to other startups laundered the money flood and called it “blitzscaling”. After half a generation of overhyped trivialities, Large Language Models have reminded us what real technological breakthroughs look like. . – Existing GPs supersized, and new GPs sprang up by the hundreds to catch the crumbs.
If you read Reid Hoffman’s important book, “ Blitzscaling ” you’ll realize that in some markets that are large, global and being disruptive sometimes being first to global scale can be more important than short-term unit economics. Last year I pointed out that software would help build competitive moats and we’re already seeing that.
For those that don’t know, the title of this post is a play on the book Barbarians at the Gate , by Bryan Burrough and John Helyar, which chronicles the battle to buy RJR Nabisco in 1988.) In the background, there was also a profoundly impactful technological revolution called the spreadsheet. billion, against almost $2.8
First, they believe that the current offerings from the financial incumbents are lacking. They also believe that today’s technologies, most notably the smartphone, should allow for remarkably simpler one-click paperless transactions that have transaction costs that are a fraction of the status quo. If you look at the graph below, U.S.
However, it’s not a complete free-for-all, as the company says it uses its own proprietary technology to conduct “extensive checks” on teachers during the sign-up process. Indeed, Kremerman says that his company charges a smaller markup, around 15-18%, on each hour or day that’s booked through its platform.
In the last few years, incumbents have started to adopt technology to fix inefficiencies, but they’ve focused on tools to streamline individual tasks (e.g., dashboards to help price freight when brokers are calling around to find a truck), rather than rethinking the process of booking freight entirely.
Using the platform, facilities can post shifts they need to fill and healthcare workers can book these shifts, managing their schedules via Clipboard’s mobile app. The best will use technology to make flexible employment compliant, high-trust, faster, easier and a better experience for all concerned.
When it comes to using algorithms and other formulae to determine what kinds of services you might offer to specific customers and at what price, the insurance industry is one of the oldest in the book. That, plus the fact that even a small share of an overall huge market makes for big revenues, means that Marshmallow is an interesting bet.
Kettle mostly presents itself as a reinsurance technology provider to customer-facing insurance companies (it also currently resells insurance that it underwrites via one channel, aimed at the most expensive properties and their owners, starting at anything over $3 million and up to $10 million). That can be a truly life changing thing.”
” In his book Antifragile, Taleb expands this theory to all of human development. Taleb summarized his view on the theory in an op-ed titled “ The Surprising Truth: Technology is Aging in Reverse ,” published in Wired in 2012. The paper book will continue to flourish until the point the ebook takes over.
That book, “ The New Rules of Marketing and PR ,” was published in 2007 and proved to be a seminal work in the field. And, can startups imitate the sort of content production we’re seeing at incumbent SaaS companies? Although content marketing is evolving, as with any technology, the old doesn’t simply go away.
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.
Part of the push to digitalize the bus industry is because the technology exists now. “The new bus passenger is millennials and centennials who want a better service than the incumbents can provide. . “The new bus passenger is millennials and centennials who want a better service than the incumbents can provide.
Calendly , the scheduling startup that landed with a splash last year when it raised a huge round out of nowhere at a $3 billion+ valuation , has made a name for itself for tools that are used by more than 10 million people to book appointments, arrange meetings and plan any event that involves two or more people making time for each other.
GoFreight’s goal is to empower traditional freight forwarders to stay competitive with the same quality of technology that Flexport has. “A But it can certainly help provide additional valuable information to customers, importers and exporters,” Chen said, adding, “We try to empower incumbents to compete with Flexport.
In a few days, Thiel and Masters will release a book version of these notes called Zero to One: Notes on Startups or How to Build the Future. These are my three favorite ideas from the book. First, proprietary technology. Most disruptive companies are better, faster, and cheaper versions of incumbents’ products.
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