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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. What is unique about their strategy is how they leveraged LPs to push the industry toward adopting their offerings.

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LMS365, a learning management system built into Microsoft 365 and Teams, raises $20M

TechCrunch

Embedding a learning management system directly into workers’ core everyday tools is one of LMS365’s core selling points versus incumbents in the LMS space such as Workday , Eloomi , or TalentLMS. But why focus on delivering training through Microsoft, specifically, and not Zoom or Google’s cloud-based software suite?

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

With the latest funding, ManageXR will support its expanding team and go-to-market strategy as the company has experienced rapid growth since becoming available to beta users in November 2019 and officially launching in April 2021. ” Image Credits: ManageXR dashboard / ManageXR.

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Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

TechCrunch

Unlike CMOs who have all sorts of media optimization platforms, content creation tools and social listening software, and CTOs who have countless frameworks, repositories, CI and code-enhancement collaboration tools, CFOs still rely mostly on spreadsheets and ERPs – and in some companies even fax machines.”

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AI-powered media editing app Descript lands fresh cash from OpenAI

TechCrunch

Besides incumbents like Adobe, there are startups such as Reduct.Video , which uses AI, natural language processing and other tech to automatically create editable transcripts. The strategy appears to be working for Descript so far, which counted NPR, VICE, The Washington Post and The New York Times among its customers as of 2021.

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History of The MP3

Unvalidated Learnings

Not only did the incumbents fail to grasp the potential value, but it would have made no sense for them to go after such a small unprofitable niche, which would have been irrelevant to their top line, and eating away at their bottom line (CDs were 90%+ gross margin products back then). most of the value created would accrue to new entrants.

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Why your company requires both brains and brawn to succeed

Entrepreneurs' Organization

Others may call this dichotomy digital versus physical, the disruptor mindset versus the incumbent mindset, start-up world versus Fortune 500, or tech culture versus industrial culture. Amid the insistent drumbeat of digital transformation, those traditional, old-fashioned competencies are easily overlooked and underappreciated.