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Despite its many troubles, the insurtech market is ‘far from dead,’ investors say

TechCrunch

Yet, the sector is very much alive, and the “correction” of these companies’ valuations presents an opportunity for those who have cash left on their balance sheets, investors told TechCrunch. This may actually be a great moment for insurtechs to nurture their relationship with incumbents to work on synergies and potential trade sales.”

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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

The reality is that fundraising looks more like this: Show me a big opportunity, a great plan, a team whose career has led up to this moment through their experience and homework and show something outstanding that they pulled off that separates them from the pack—a “rabbit out of a hat”, if you will—and I’ll show you a funded team.

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Bud raises $80M more to expand its AI-based open banking platform, used to power lending tools and more

TechCrunch

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality — remains a growing opportunity, both to help fuel new business and to help incumbents get up to speed with their disruptors.

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With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back

TechCrunch

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. We were built — by definition — to serve the smaller part of the small business market,” COO Adler added. For NorthOne, that only means opportunity. “A an investment that it says has paid off.

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Why I Backed a 24-Year-Old Trying to Assess Human Potential

Both Sides of the Table

I know that “mission driven” sounds nebulous or some convenient definition of anything we want to fund. When a founder is “opportunity driven” it’s too easy to quit at the first bump in the road. Incumbents launch products, VCs throw cash at other competitors, team members quit, the economy dips — whatever.

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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

Incumbent giants therefore could lose a sizable chunk of market share if a company could just manage to weave together China’s manufacturing proficiency and agility with the modern tech startup philosophy of “moving fast and breaking stuff.”. And it’s definitely not just for making crop tops. The China opportunity.

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Why Entrepreneurs & VCs Should Focus on Basecamp, Not the Summit

Both Sides of the Table

Equally, I encouraged entrepreneurs to spend time getting to know their future VCs early because getting a feel for your chemistry is far more important than how the VC is ranked in some survey. Equally, I encouraged entrepreneurs to thoroughly reference check their VCs – you’ll learn much more from this than anything else.