Y Combinator

DECEMBER 8, 2021

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Early success: Foundations built on product and community. Outperforming incumbents with modern experience and digital infrastructure. expectations. Banks still rely on physical branches and don’t give.

peer-to-peer 103

peer-to-peer incumbents financing finance 103

TechCrunch

FEBRUARY 4, 2021

And, the app was recently ranked in the top 10 of all apps downloaded in Mexico via Google Play, surpassing Spotify and Facebook app downloads, according to Amozurrutia. The banks and incumbents take advantage of that and make people feel like they’re not smart enough to manage their money. We need to educate on a basic level.”.

investing 91

investing investment education incumbents 91

TechCrunch

APRIL 14, 2022

Welcome Tech co-founder, CEO and president Amir Hemmat says his company’s initial approach was different than others in the space in that rather than launch a banking product and then set out to earn the trust of the community it aims to serve, it first “worked hard to earn that trust and understand the community’s needs.”

education 78

education communities incumbents health 78

Y Combinator

DECEMBER 8, 2021

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. Monzo attacked incumbent models by creating an entirely app-based experience where customers could open a checking account from their phone for free. Traditional banks have not been able to keep pace.

peer-to-peer 40

peer-to-peer incumbents financing finance 40

OurCrowd

AUGUST 14, 2019

While incumbent competitor Mattress Firm began a process of consolidation and subsequently filed for bankruptcy in 2018, Casper announced it would be opening 200 retail locations across the US. A big part of this is building a community of people that value sleep and want to share that with us,” says Casper SVP of Experience Eleanor Morgan.

sustainability 51

sustainability incumbents technology strategy 51

TechCrunch

FEBRUARY 10, 2021

Its website builder offers creators an expanded set of tools to monetize their community, including through donations, sales, paid requests, affiliate shopping and more. Other monetization blocks allow creators to accept donations or sell digital downloads — like e-books or paid video content, for instance.

incumbents 99

incumbents media strategy communities 99

abovethecrowd.com

JULY 17, 2013

Then came client-server, which also launched new winners at the expense of older incumbents. Most interestingly, new company wealth (pure play Internet companies) far exceeds “transitioned wealth” (incumbent companies transitioning their model successfully to the new platform). TripAdvisor and Yelp rule the day, not Frommers and Zagat.

incumbents 96

incumbents real estate disruption development 96