Both Sides of the Table

NOVEMBER 4, 2010

I cannot recommend it enough for people in the technology or media sectors. Many people bandy about the definitions of “disruptive technology&# or “the innovator’s dilemma&# without ever having read the book and almost universally misunderstand the concepts. I’ve characterized it in a chart below.

incumbents 376

incumbents disruption frameworks innovation 376

TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

incumbents 106

incumbents consulting SaaS disruption 106

TechCrunch

JUNE 9, 2022

General Atlantic doubled down on Klar , leading its latest financing in addition to its $70 million Series B last July. One advantage for Klar, according to Möller , is that its “cost to serve a user” is about 1/20 of what the incumbents pay. I tie it back to complacency from the incumbents. he told TechCrunch.

incumbents 97

incumbents opportunity financing finance 97

TechCrunch

MAY 12, 2021

The Buenos Aires-based startup’s new infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via “compliant” onboarding processes. Clocktower Technology Ventures makes $25M bet on Latin American fintechs. incumbents. “It market with different dynamics.

incumbents 107

incumbents financing finance ventures 107

Andreessen Horowitz

OCTOBER 16, 2023

With massive annual technology budgets and scaled distribution, the largest FIs are the ideal end-buyers. This is because FIs have long relied on painstaking manual operational processes to accomplish their goals, eschewing technology for human labor. This is when the buyers ask “does this product really work?”

frameworks 114

frameworks incumbents leadership advice 114

TechCrunch

AUGUST 4, 2022

The financing marks the company’s first ever institutional funding. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs. Endeavor Catalyst also participated in the financing.

startup 84

startup incumbents financing finance 84

TechCrunch

MAY 25, 2022

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. EdgeQ , Kneron , and Hailo are among the dozens of upstarts vying for customers, the last of which nabbed $136 million in October as it doubles down on new opportunities.

startup 95

startup accelerator incumbents disruption 95

TechCrunch

SEPTEMBER 7, 2021

When it comes to growing that proportion, however, m obile money — based on simpler technology and with an easier onboarding process — wins out, and it is set to capture more market share faster than traditional banking in the region. Neobanking, based on mobile technology too, falls somewhere in the middle of the two). .”

investing 124

investing investment incumbents networking 124

TechCrunch

JANUARY 7, 2021

Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). The funding gives Mambu a post-money valuation of €1.7

SaaS 126

SaaS incumbents opportunity disruption 126

Entrepreneurs' Organization

OCTOBER 30, 2018

Without industry-wide master unique identifiers for medical-surgical (med-surg) items, hospitals cannot easily compare products by their attributes to identify cost-savings opportunities, or map product selection to the best patient outcomes. This challenge spelled fear and opportunity in equal parts. We didn’t know the domain.

innovation 152

innovation hospitality incumbents technology 152

Y Combinator

DECEMBER 15, 2022

The financial opportunity of doing so is massive: an estimated $3-10 trillion in EBITDA will be up for grabs. Many of the top hurdles to deployment today are “soft cost” and involve generating trust and taking friction out of the process of selling and adopting these technologies in a wide variety of non-standard applications.

energy 95

energy startup transportation construction 95

Tomasz Tunguz

JUNE 21, 2022

Lee headed finance for the company from $15m in ARR to more than $1b. Once familiar, they often brought the technology to work, expanding the account. UBP presented an opportunity to reinvent the account executive (AE) compensation model. Second, UBP reduced friction for individual developers to tinker with the APIs.

startup 62

startup incumbents accelerator sustainability 62

abovethecrowd.com

JUNE 17, 2014

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.

disruption 83

disruption financing finance incumbents 83

TechCrunch

JANUARY 26, 2022

Polly, a SaaS technology startup aiming to “transform” the mortgage capital markets, announced today that it has raised $37 million in a Series B funding round led by Menlo Ventures. The latest financing brings the San Francisco-based startup’s total funding raised to $50 million.

incumbents 78

incumbents financing finance SaaS 78

TechCrunch

JUNE 3, 2022

Despite serving as the backbone of global growth, insurance lagged the pace of technology adoption enjoyed by other industries. Entrepreneurs saw this as an opportunity to disrupt incumbents, and soon there were lofty claims that everything about the industry was about to change.

incumbents 93

incumbents disruption pitching technology 93

TechCrunch

JANUARY 27, 2022

During their time at Blend — a 10-year-old publicly traded company whose white label technology powers mortgage applications on the site of banks — Mike Yu and Devon Yang realized that current mortgage infrastructure has not kept up with the pace of change in more digitally native industries.

peer-to-peer 97

peer-to-peer incumbents financing finance 97

TechCrunch

OCTOBER 28, 2021

But the landscape looks very different now that more companies recognize the opportunity and fight for a piece of the pie. As credit card and payments firms eye BNPL as a new growth opportunity, incumbents like Klarna and Affirm are seeking ways to make their installment loans available to more consumers.

incumbents 95

incumbents accelerator enablement opportunity 95

TechCrunch

SEPTEMBER 1, 2022

Infrastructure providers have a unique opportunity to be a bright spot amidst all the doom and gloom. The infrastructure market is overlooking a pivotal opportunity to build additional product capabilities that address pain points arising from the struggles of fintech.

incumbents 92

incumbents opportunity enablement innovation 92

TechCrunch

AUGUST 24, 2021

For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. Existing services are expensive and inefficient, creating opportunities for technology enabled service providers to offer better and cheaper services,” he said. “We

incumbents 96

incumbents capital financing finance 96

Both Sides of the Table

MAY 27, 2016

I spend hours thinking about the products, competitors, market opportunities, recruiting and financing of these businesses. At heart I’m still a tech nerd from childhood and I love to see how technology is changing business and society. How else can I begin this multi-year journey if I’m not in love? Innovator’s Dilemma.

investing 254

investing investment incumbents culture 254

TechCrunch

APRIL 28, 2021

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.

incumbents 102

incumbents financing finance strategy 102

TechCrunch

MARCH 21, 2022

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. Here are just a few we’ve seen just this month: Akeneo, focused on product experience and information management, brought in $135 million in Series D financing.

capital 89

capital startup enablement incumbents 89

TechCrunch

MARCH 30, 2023

In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance and marketing. Finance in 2021, and to Fortune’s 40 under 40 in 2020. Rowe Price for three years. Dufétel was also named to Barron’s 100 Most Influential Women in U.S.

innovation 86

innovation incumbents frameworks support 86

TechCrunch

SEPTEMBER 7, 2021

technology industry, in particular in the upper ranks of it, it’s a notable detail worth pointing out, even as I hope that one day it will be less of a rarity. Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI. “They are big companies and stuck in their ways. Change is not happening quickly.”

incumbents 87

incumbents technology startup strategy 87

TechCrunch

JULY 7, 2021

When Daniel Simon sold Bread , a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building another startup. But Simon argues that the companies that sell such cards were founded decades ago with very little innovation since.

founder 98

founder startup incumbents financing 98

TechCrunch

FEBRUARY 9, 2021

Using its technology, David Energy tracks both the market price of energy and the energy usage by the buildings it manages. The sands of market power are shifting and incumbents are poorly-positioned to adapt to evolving customer needs, so there’s a massive opportunity for us to capitalize.” .

energy 78

energy incumbents construction financing 78

Y Combinator

DECEMBER 8, 2021

Monzo’s culture of customer obsession allowed it to use the crisis to thoughtfully build a beloved consumer and SMB product that has changed personal finance in the UK. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. This did not happen by magic.

peer-to-peer 40

peer-to-peer incumbents financing finance 40

TechCrunch

JUNE 8, 2022

Most incumbent banks, and now a fair number of neobanks, target small and medium businesses as customers. We came in with some experience doing this for sectors, and our thesis is that the next iteration in fintechs challenging incumbents will be more verticalization.” (It didn’t give actual customer numbers.) ” .

incumbents 89

incumbents capital investing investment 89

Y Combinator

AUGUST 30, 2021

But where there is a gap, there is an opportunity. Gusto launched in 2012 to tackle this opportunity, and more. In the long run, software platforms have the potential to be much larger than traditional incumbents. Gusto saw an opportunity to upend the way payroll was done. SMBs had historically been hard to reach.

incumbents 86

incumbents peer-to-peer health opportunity 86

TechCrunch

MARCH 18, 2021

Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. These will typically be at incumbent banks, but they do not offer the same ranges of services to customers.

incumbents 126

incumbents financing finance startup 126

TechCrunch

MAY 11, 2021

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. They see a lot of opportunities to leverage our technology,” he said. We’re exploring standing up unique information sharing networks.”.

collaboration 95

collaboration incumbents networking disruption 95

TechCrunch

JANUARY 15, 2023

Vouch hopes to leverage Level’s expertise in developing underwriting technologies to underwrite and support complex insurance products. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. I did, too.

incumbents 117

incumbents energy board investing 117

TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. Ascend is offering point-of-sale financing to enable insurance brokers to break up those commercial payments into monthly installments. Ascend on Wednesday announced a $5.5 Brokers are here to stay,” he added.

financing 83

financing finance incumbents disruption 83

TechCrunch

AUGUST 7, 2022

The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. Today the U.S. Guess we’ll see about that.

real estate 106

real estate VC mix-use opportunity 106

TechCrunch

JANUARY 11, 2022

But Novo sees incumbents as the real “challenger” here. A lot of startups are getting into patterns of raising large funding rounds in rapid succession to ride their respective waves of growth, and to capitalize on the huge opportunity right now to tap deep-pocketed investors looking for smart places to put their LPs’ money.

incumbents 99

incumbents financing finance health 99

TechCrunch

NOVEMBER 19, 2021

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.”

incumbents 79

incumbents disruption capital technology 79

TechCrunch

SEPTEMBER 30, 2022

Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade , and it hasn’t been alone in losing a lot of value and being eyed by peers and incumbents. As insurtech valuations have become more realistic, many companies are probing, looking for M&A opportunities,” Wechsler said. “I

peer-to-peer 92

peer-to-peer sustainability ventures incumbents 92