Both Sides of the Table

MAY 27, 2016

I spend hours thinking about the products, competitors, market opportunities, recruiting and financing of these businesses. I love businesses that aim to massively reduce the costs of products or services in a way that makes a product or service vastly more accessibility and in which incumbents would have a hard time competing.

investment

TechCrunch

AUGUST 10, 2021

Breeze is reimagining these products to make them more affordable — a policy for several thousand dollars costs, on average, around $20 a month — and to provide consumer education so that purchasing this type of insurance is less intimidating, he added. “We

incumbents

TechCrunch

FEBRUARY 21, 2022

Many web2 incumbents or even web3 are having a $100-200 user acquisition costs so we can lower that by order of magnitude by directly incentivizing the end-user.”. Education is at the core of what we do because I think there is no shortcut in Africa. The last bit is play-to-earn games. Nigeria-based Nestcoin , for instance, raised $6.4

education

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. COVID, despite all the terrible parts, pushed the education around digital banking — at least in our part of the world,” said CEO Bensoussan. The financing brings NorthOne’s fundraising total to $90.3

capital

TechCrunch

FEBRUARY 4, 2021

Mexico’s ALLVP, Clocktower, Kevin Efrusy and Oskar Hjertonsson and existing backer Raptor Financial Group participated in the financing as well. 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.”. Image: Flink.

investment

TechCrunch

NOVEMBER 23, 2021

Advance access to tax refunds serves as an interest-free loan, r educing the need for users to take out expensive loans or accrue credit card debt, Mandelbaum said. Wealthy Americans have access to CPAs and accountants and tax advice people watching over their finances year-round.

incumbents

TechCrunch

MAY 19, 2022

I had a catastrophic relationship with incumbent banks.”. I wanted to help underserved people in Brazil and offer them financial education, and a better relationship with banks,” he told TechCrunch in his first interview with a U.S. In February, Neon raised a $300 million Series D financing that valued the company at $1.6

incumbents

Andreessen Horowitz

OCTOBER 16, 2023

For example, a sense of needing to keep up with these technology advancements from leadership can be translated down to a VP of Consumer Finance who needs to grow a consumer banking app while battling fintech upstarts and who may be thinking about using AI products to do so–which your product could help enable.

frameworks

TechCrunch

FEBRUARY 3, 2022

We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” “We’re pretty radical about why we’re doing what we’re doing,” she said.

incumbents

TechCrunch

APRIL 14, 2022

” So in its first years of existence, Welcome Tech focused on providing educational resources, information and services for immigrant populations, with an initial primary focus on the Hispanic community in the U.S. One way we’ve outpaced others on user acquisition is by taking a bet on education when nobody else would,” he said.

education

TechCrunch

FEBRUARY 8, 2022

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. The first investment that 75% of our users have done was with less than $500.

investment

TechCrunch

DECEMBER 5, 2020

Now we’re very much a data-driven, thesis-driven outbound firm, where we’re reaching out to entrepreneurs soon after they’ve started their companies or gotten seed financing. I think that’s what’s required to build a relationship and the conviction, because financings are happening so fast. Image Credits: Brighteye Ventures.

education

TechCrunch

OCTOBER 13, 2022

Zen Educate , an online marketplace that algorithmically matches schools with the best available teachers, has raised £19.3 Founded out of London in 2017, Zen Educate is setting out to supplant the traditional approach to recruiting teachers, a system that typically involves third-party agencies and hefty fees. Show me the money.

education

Tomasz Tunguz

MAY 29, 2014

At its core, freemium is a novel marketing tactic that entices new users and ultimately potential customers to try a product and educate themselves about its benefits on their own. By shifting the education workload from a sales team to the customer, the cost of sales can decrease dramatically.

incumbents